Business
PH Customs Records N22.24bn Revenue In 2009
Port Harcourt Area I Command of the Nigeria customs Service was able to record a total revenue of N22.24 billion in 2009 as against N16.93 billion collected in 2008 which indicated an increase of about N5.3 billion or 31.29 per cent.
The Customs Area Comptoller, Austin Warikoru, who stated this last Friday while brief journalists in the Command, noted that the N2.84 billion made in December 2009 was the highest monthly revenue collection ever recorded in the history of the Command.
Comptroller Warikoru also noted that the last five months (August-December 2009) was the best in the history of revenue collection in Port Harcourt Area 1, explaining that the command had an increase of 82.25 per cent over and above collections in the corresponding period in 2008.
While N6.29 billion was realised in 2008, the Command collected N11.466 billion, a difference of about N5.175 billion.
The Area Comptroller further explained that the second half year record was fantastic between July and December 2009, stressing that the command collected N13,297 billion while during a corresponding period in 2008, N8.008 billion was collected as revenue with a clear difference of N5.3 billion or 66 per cent.
He also said the fourth quarter result was 106% better than that of 2008, adding that the Command, during the period, collected N7.034 billion while N3.413 billion was collected in 2008.
According to him, the Command made appreciable progress in revenue collection attributing it to the dedication, diligence and hard work of officers and men of the command.
The comptroller however, commended the officers and men of the Command, assuring the Comptroller-General of Customs, his management team and the Federal Government that the Command will not rest on its oars and promised to do better this year to beat 2009 record.
Meanwhile, the break down of the revenue collection of last year indicated that in January the Command collected a revenue of N1.32 billion and N780 million in February.
The command also netted N1.82 billion, N915 million and N1.54 billion in March, April and May, respectively.
In June, the Command was able to record N2.57 billion while in July, August and September, it recorded N1.83 billion, N2.63 billion and N1.80 billion, respectively.
Also in October 2009, the revenue generated by the Command was N2.30 billion, November , N1.89 billion and December, N2.84 billion with a total annual return of N22.24 billion.
Business
Redeployed Customs Officers Assume Office At New Posts
Redeployed Zonal coordinators and controllers affected by the recent swapping exercise in the Nigeria Customs Service (NCS) have since taken over their new posts.
Assistant Comptroller General and Comptrollers affected by the change of batons have gone into action in the respective Zones and Area Commands respectively.
As at Press time, ACG Bello Jibo, the new Coordinator, Zone A, has begun to hold forth at the Harvey Road Zonal Headquarters in Yaba, Lagos.
Comptroller Dera Nnadi, Jaiyeoba, and Shuaibu have resumed their duties as Customs Area Controllers of Tincan Island Port, Apapa and Idiroko Commands respectively.
Comptroller Timi Bomodi has also begun overseeing customs activities at Seme-Krake Border Command.
In an exclusive chat with The Tide, Chairman, Seme Chapter of the Association of Nigeria Licensed Clearing Agent (ANLCA), Chief Oyekachukwu Ojinma (aka Sule) described the outgoing Controller of the Command, Comptroller Dera Nnadi, as a very hard-working and dedicated man, while welcoming the new Customs Area Controller to the border post.
The ANLCA Chairman expressed his wish for a successful tenure of office for Compt. Timi Bomodi.
By: Nkpemenyie Mcdominic, Lagos
Business
‘Electricity Act Will Transform Power Sector’
Minister of Power, Adebayo Adelabu, has stated that the recently signed Nigerian Electricity Act, 2023, will play a fundamental role in transforming the power sector.
According to him, it will unlock the potential of the energy mix and promote the integration of renewable energy technologies into the grid system.
Speaking at the ongoing Nigeria Energy Conference and exhibition in Lagos, Adelabu said the Act aims to create an environment that supports sustainable growth and investment in the power industry by focusing on accelerated private investment and the promotion of renewable energy sources.
“As a game-changer that reformed the NESI, the Electricity Act will, undoubtedly, engender increased access to electricity and regulatory oversight, clean energy transition, improved service delivery, and infrastructural developments.
“In particular, the act will stimulate economic growth by creating a conducive environment for investment and competition. It will generate job opportunities, encourage entrepreneurship, and attract foreign direct investments”, he said.
The Minister called on operators in the power sector to intensify their efforts towards improving communication with the general public, emphasising that the Nigerian masses have a lot of roles to play in safeguarding power infrastructure.
He said issues such as vandalism, passing of meters, and damage to TCN and DisCo infrastructure must be addressed holistically to make significant gains in the power sector.
Adelabu emphasised that the power sector is a cornerstone for economic growth in the country and that the gains made over the years in the power sector can only be consolidated by unlocking equity investments and funds for power development.
He said: “Of course, a lot of investment is required in the power sector. In three weeks, I’ve seen humongous investments that have come into this sector.
“But what are the steps that are required for those investment opportunities to reap the benefit of those investments, additional investments in the form of equity and capex need to come into this industry.
“The power sector is not an industry for short-term players to invest in less than two to three years and expect to make maximum benefits.
“The industry requires medium to long-term investments. Investors must understand that the moment we can break even, we will start making profits in the power sector.
Adelabu also urged operators in the NESI value chain to improve their service delivery, adding that Nigeria’s energy expansion plan of 60,000 Megawatts by 2060 is an achievable target.
He, therefore, called on gas companies, GenCos, TCN, and DIScO to showcase their success stories in generating and transmitting power to the last mile that pays for all the segments of operators in the value chain.
Business
‘Nigeria Loses $1.5bn Annually To Malnutrition’
Minister for Budget and Economic Planning, Abubakar Bagudu, has said Nigeria loses $1.5 billion of its Gross Domestic Product (GDP) annually due to micronutrient deficiencies.
Bagudu therefore called for coordinated efforts to ensure a swift response with expected positive outcomes.
A statement released by the Ministry said the Minister disclosed this, last Tuesday, while speaking at the 53rd Annual General Meeting and Scientific Conference of the Nutrition Society of Nigeria in Abuja.
In the statement, Bagudu noted that the government was determined to tackle malnutrition through the inclusion of nutrition in the National Development Plan, and the Nigeria Agenda 2050.
“It is also a commitment to achieving optimal nutrition status for all Nigerians with particular attention to the vulnerable group as highlighted in the National Multisectoral Plan of Action for Food and Nutrition”, he said.
Bagudu, who urged experts in nutrition in the country to research and develop innovations that will boost nutrition, explained that doing this “would contribute towards achieving Sustainable Development Goals (SDGs), ensuring Universal Health Coverage, and bringing about significant positive changes in the nutrition sector in Nigeria”.
He told members of the Nutrition Society of Nigeria “to prioritise innovation and research in the field of nutrition towards the attainment of Sustainable Development Goals, Universal Health Coverage and transformation of the landscape of nutrition in Nigeria.
“Nigeria currently requires nutrition professionals who have extensive knowledge, good communication skills to address nutrition education, emotional intelligence as well and a good understanding of self-motivation and drive to address nutrition dynamics”.
The Minister urged the NSN to embrace technology, leverage digital solutions, and invest in research and development to find sustainable and scalable solutions to Nigeria’s nutrition challenges.
He assured members of the NSN that his ministry would strengthen coordination and provide the required leadership for the nutrition sector.
The Kwara State Governor, AbdulRahman AbdulRasaq, in his goodwill message, said the Nigerian Governors’ Forum (NGF) had identified areas of key commitments for the realisation of a healthier citizen and country, including increasing budgetary spending on nutrition and strengthening the nutrition profile.
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