Business
Customs Boss Decorates 13 Newly Promoted Officers
The Comptroller-General of Customs, retired Col. Hameed Ali has charged the recently promoted officers of the Nigeria Customs Service (NCS) to see their new ranks as call to greater service.
Performing the decoration of the five new Deputy Comptrollers-General (DCGs) and eight Assistant Comptrollers-General (ACGs) with their new ranks in Abuja, Ali said that their promotion was based on merit.
The new DCGs include Aminu Dangaladima, Augustine Chidi, Sule Alu, Patience Iferi and Ronke Olubiyi.
Also, the newly appointed ACGs include Talatu Isa, Benjamin Abeg, Ladan Hamza, Kaycee Ekekezie, Aminu Dahi.
He said that the appointment was a call to greater service to the nation.
Ali said that promotion in the NCS was based on experience and hard work, adding that for an officer to get to the position of ACG or DCG, the individual would have gone through thick and thin.
“This is the first time in the NCS we are abiding by the Beijing conference resolution.
“Today out of the 18 Customs management members of NCS, we have six women and out of the six DCGs we have two women.
“To whom much is given much is expected; the weight is not in the rank but the responsibility. These ranks will propel you to do more in the service.
“I must confess that this is the first time that I will take responsibility for full selection of my members of the management.
“And what that means therefore is that the failure of the management is the failure of Ali because I selected this team. I hope and pray that you will not let me down.
“We as a team will continue to propel, move the service forward and we will continue to serve this country in the best interest of the nation.
“The NCS is the only service I know that touches virtually the lives of everybody in the area of trade facilitation, revenue generation and security and wellbeing of Nigerians.
“We thank this great nation for giving us the opportunity and permission to serve,” Ali said.
The CG recalled that at the last World Customs Organisation (WCO) council meeting, one of the things that were promoted was equal gender representation in the service.
He said that WCO advocated for equality between women and men in the service.
“I will be glad to tell the Secretary General of WCO that NCS was the first to have met the criteria,’’ Ali said.
Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
The minister who described the private sector as the engine of growth, said the government’s reform agenda aims to create an enabling environment where businesses can thrive, access funding, and contribute meaningfully to job creation.
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.