Business
Customs Intercepts 3,665 Imported Vehicles
The Comptroller-General of Customs, retired Col.Hameed Ali said that the service has seized 3,665 vehicles from 2015 till date with a Duty Paid Value (DPV) of over N13 billion.
Ali said this during his lecture titled: “Problem of Smuggling and its Attendant Consequence on Nigeria’ s Economy and the Way Out” at the IBB Golf and Country Club, yesterday in Abuja.
Ali, who gave a breakdown of the seizures said in 2015, 1,917 vehicles were seized with DPV of N3.856 billion and 1,483 vehicles were seized in 2016 with DPV of valued N2.683 billion.
The customs boss said that the high value recorded in 2017 was because most of the vehicles were of high value which included 15 bullet proof vehicles.
Ali said out of the 18 vehicles seized in September in Abuja over non duty payment, 13 were bullet proof vehicles of which 10 have no Customs papers.
He said that Nigeria imported about 70 per cent of its needs and that 45 per cent of all the imports were smuggled into the country.
“Lack of patriotism among the traders and complicity of Customs officers has added to the problem.
“Over 85 per cent traders are not trustworthy as they falsify documents except for about five per cent of them who can be trusted and often have their goods cleared within 48 hours,” Ali said.
He said that the four arms containers intercepted this year were concealed with many cases of under declaration and diversion of imported goods.
On the challenges of Customs in fighting smuggling, he said the service lost three officers this year. Ali said that Customs under him was being sanitised and now very few corrupt officers are in its midst.
“Ninety per cent of our officers are now imbibing the culture of doing the right thing,” he said. He urged Nigerians to report corrupt officers to enable the service weed out the 10 per cent of the corrupt officers.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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