Business
Customs Nets N199.46bn In 10 Months
The PTML Command of the Nigeria Customs Service (NCS) said it generated the sum of N199,468,482,842.00 as revenue between January and October, 2022.
The figures, provided by Muhammad Yakubu, Customs Public Relations Officer, disclosed that the total amount collected translates to a 7.7 per cent increase, which is an appreciation of N14,247,021,754.00 from the N185,221,461,088.00 generated during the same period in 2021.
Yakubu, who made this known in a comparative analysis of revenue collected for 2021 and 2022, disclosed that the highest revenue collections this year were recorded in June and July.
According to a breakdown for the periods under review, the Command made N15,205,823,545 in January 2021 and N15,713,776,798 in January 2022, indicating a 3.3% increase.
It recorded a 20% increase after raking in N14,075,386,963 in February 2022, as against N11,706,947,150 in 2021, while March 2022 saw a 9.5% rise with N21,840,828,908:00 collected, compared to N19,937,869,175 in the previous year.
In April 2022, the command’s performance of N16,357,509,497 did not surpass that of the previous year of N17,938,794,417, which it however made up for in May, following a 28% boost with N22,550,759,092 collected as against N17,606,073,741 made in 2021.
For June 2022, it collected N27,029,957,255, showing a 21.5% appreciation from N22,253,694,223 made in 2021, while July 2022 saw it record 29.9% increase with N25,389,607,638 collection, when compared to the N19,532,512,815 generated in 2021.
In August and September 2022, the command generated N21,766,390,771(-0.3.1%) and N17,379,074,244.30 (-8.5%), as against N21,835,143,596 and N19,004,755,983 respectively, for the same months in 2021.
For October 2022, the command raked in N17,365,191,676.00, falling -14.0% short, when compared to the N20,199,846,443.00 made in the same month of the previous year.
The Customs Area Controller of the Command, Comptroller Bomai said, “As a Command, we stand to achieve more for our great country when we are compliant with all our books of instructions like the Customs and Excise Management Act (CEMA), Updated Import and Export Prohibition Lists, Circulars and other documents of instruction.
“As a Command dealing mostly on automobile cargoes, l urge our officers , new and old to remain uncompromising in the implementation of extant directives like the Vehicle Identification Number (VIN) valuation and other innovations that align with customs modernisation
“The task of facilitating trade concerning importers, agents, terminal operators, shipping companies and others is critical to our national economic growth. Let’s keep on facilitating trade for national interest and ensure strict lawfully approved sanctions on law breakers”, he urged.
By: Nkemenyie Mcdominic Lagos
Business
Minister Constitutes Tech Committee On Aviation Ties With Angola
Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has constituted a technical committee to work with the Angolan Embassy on deepening aviation ties with Nigeria.
Special Assistant on Media and Communications to the Minister, Mr. Tunde Moshood, in a statement, said the committee would oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
This development is coming after Keyamo received the Angolan Ambassador to Nigeria, Jose Bamoquina Zau, and his Deputy, Nelson Paulo Kafikiri, in Abuja.
The statement revealed that the Angola’s Minister of Transport, Dr. Ricardo Viegas de Abreu, was keen to build a synergy between both nations and was eager to tap into the wealth of experience of Nigeria’s aviation leadership.
According to the statement, “The visit is aimed at strengthening aviation ties between Nigeria and Angola, particularly as Angola embarks on a new era for its aviation industry.
“The Angolan delegation brought positive updates on the progress of Angola’s aviation sector, specifically highlighting the recent overhaul of its airport infrastructure.
Ambassador Zau informed Keyamo that the new airport, set to serve as a strategic hub for the region, will be officially inaugurated in one month’s time.
In delivering a message from the Angolan Minister of Transport, Ricardo de Abreu, the Ambassador conveyed the Minister’s warm greetings and underscored Angola’s eagerness to foster collaboration with Nigeria.
He expressed interest in exploring a bilateral air services agreement and other mutually beneficial opportunities within the aviation sector.
Ambassador Zau also extended an official invitation from Minister Ricardo de Abreu for Keyamo to attend the grand opening of Angola’s new airport next month.
He emphasised that both nations stand to gain from deeper cooperation, particularly in aviation business and infrastructure development.
In response, the aviation Minister expressed appreciation for the visit and congratulated the Angolan government on its impressive strides in aviation infrastructure.
He affirmed his commitment to attend the upcoming event and signalled Nigeria’s readiness to work closely with Angola to enhance air connectivity and explore new business opportunities.
“To ensure seamless coordination ahead of the event, the Aviation Minister has constituted a technical committee to work with the Angolan Embassy’s team.
“The committee will oversee logistics and help solidify plans for the Minister’s visit and potential areas of collaboration.
“The meeting underscores the continued commitment of both nations to expand their aviation sectors and work towards a prosperous and mutually beneficial relationship”, Moshood stated.
Business
NIWA Wants Deeper Private Investment In Blue Economy
The National Inland Waterways Authority (NIWA) has called for deeper private sector participation in the blue economy initiative to harness greater benefits from it, for national development.
The Authority also commenced moves to improve security across the nation’s Waterways, in a bid to attract private investment into the Blue economy.
Managing Director of NIWA, Mr. Bola Oyebamiji, who disclosed this to newsmen during the tour of Wari and Onithsa area offices, said NIWA is determined to revamp the nation’s economy by consolidating on Public/Private Partnerships (PPP) initiatives.
“This initiative is part of our deliberate plans to open up new opportunities to maximise full economic potentials of the nation’s waterways.
“The PPP is the way to go but we need people or investors, who have genuine intentions and purposes to enable us align with President Bola Tinubu’s Renewed Hope Agenda for economic recovery”, he said.
The agency’s boss tasked the staff to live up to expectation by working harder in revenue generation that could open rooms to better their welfare.
He warned the staff against indolence and laxity since he was committed to staff welfare and revenue generation
According to him, there is need for the staff to be disciplined and committed by rededicating themselves to the growth and development of the Authority.
Business
Discount Airfares: Qatar Airways, Access Bank Extend To Dec
The Qatar Airlines, in its efforts to further ease financial burden of air passengers, has extended its discount partnership deal with Access Bank till December 2024.
Access Bank customers, who book their flights online using Qatar Airways’ website in this deal, enjoy up to 12 percent discount on both business and economy classses.
The Bank’s customers, using the promo code “ACCESS”, can book flights to any destination in the world and travel.
Qarta Airline, in a statement through the Vice President–Africa, Hendrick du Preez, stated that the partnership reiterates the Airways’ commitment to streamline travel within and across African markets by delivering first-rate services and offerings to passengers.
“As we are in the summer season and passengers tend to want to travel to spend time with loved ones, our priority at Qatar Airways remains broadening opportunities to travel for our passengers in the African market.
“Although Africa stands as the most underserved market, we strongly believe in the power of partnerships like these in transforming travel within the continent.
“We are proud to partner with respected pan-African financial institutions like Access Bank to provide innovative incentives for passengers and customers”, he stated.
This is coming on the heels of Qatar Airways’ recent expansion of routes across the African continent along with increased flight frequencies in various locations.
Also in the release, Access Bank’s Executive Director for Corporate and Investment Banking, Iyabo Soji-Okusanya, expressed enthusiasm about the partnership.
“Our team is delighted to collaborate with Qatar Airways to bring exceptional travel benefits to our valued customers. This offering aligns with our commitment to enhancing the overall experience for those who choose Access Bank and continue to do so every year.
“By providing exclusive discounts on Qatar Airways flights, we aim to make travel more accessible and enjoyable for our customers”, Soji-Okusanya said.
Corlins Walter
-
Rivers4 days ago
Odili Makes Case For Teachers Training College In Rivers
-
Oil & Energy4 days ago
Navy Nabs Six Oil Thieves, Dismantles Illegal Refining Site
-
News8 hours ago
UNIPORT: 301 Youths Benefit From Holiday Programme On ICT
-
Politics4 hours ago
Two Million Voters To Elect Next Ondo Gov – INEC
-
News4 days ago
Fubara Promises To Deliver Standard General Hospital For Obio/Akpor
-
Sports4 days ago
AFCON 2025: S’Eagles Have Quality To Beat Any Team – Eguavoen
-
Featured5 hours ago
We’ll Be Forced To Export 97% Of Our Petrol, Dangote Refinery Warns …NNPCL Requests Office Space At Dangote Refinery
-
Focus3 hours ago
Differentiation And Learning Strategies As Tool For Desired Learning Outcome