Politics
Senate Wants Customs To Increase N5tr 2024 Revenue Target
The Senate, Monday, counselled the Nigeria Customs Service (NCS) to find ways of increasing its N5.079 trillion revenue target for 2024.
Chairman, Senate Committee on Customs, Isah Jibrin, gave the advice at a meeting with the agency’s Comptroller General, Adewale Adeniyi, and top management team in Abuja.
He said: “First of all, Nigeria is saddled with a lot of debt obligations and we need to wriggle ourselves out of that trap, and one of the ways to do that is internally generated revenue. Customs is one of the major providers of internally generated revenue, and as it is today, we expect them to play one of the major roles in this drive to reduce our debt burden.
“We need to pay off what we are owing now and minimise additional loans we are going to take. Customs is in a very good position; if they can block all perceived leakages, they should be able to generate a significant amount of income that will enable Nigeria to get out of debts, at least partially.”
On concessions given to some sectors of the economy, the Kogi East representative clarified that the incentives were for those into agriculture, solid minerals and others whose services have direct impact on the economy.
He continued: “If somebody is bringing agricultural equipment into the economy and you try to take something out of that person in a way of import duty, that will discourage the person and that is what we are saying. It is not that anybody took that money or Customs compromised in the course of their services.
“Concessions are in the interest of Nigeria to encourage importers to boost the economy. There is a trade off here between importers and the country, particularly the things you think you are generating.”
On the unemployment rate in Nigeria, which he described as “very high,” Jibrin observed: ”Customs is not the only employer of labour. They can only employ the number they believe they can adequately take care of, and we are putting them under pressure to exceed the 1,600 benchmark.
“We may not get beyond 2000, but for sure, we will get 1,600 and like we all know, there are so many unemployed Nigerians out there. I will always say it is difficult for the NCS to absorb all unemployed Nigerians, but they can only employ those they can.”
The NCS CG said his organisation was seeking approval to give waivers to owners of smuggled cars to allow them regularise their payment of duties.
On the naira exchange rate, Adeniyi said he is equally pained by the volatility in the exchange rate regime.
He observed: “In fact, even if it stays high and people can predict that this is what it will take me to clear, perhaps it is not particularly too bad, but when it is so volatile, today it is X, tomorrow it is X+10, X+20, it does not make for adequate planning and things like that.
“Correctly, it is the mandate of the Central Bank of Nigeria (CBN) to fix the rate, either the one we use during the Medium Term Expenditure Framework (MTEF) or the one we use for importation, or the one used for payment of customs duties. I have been in discussions with my minister. Perhaps, what you are going to advocate is that there would be a meeting point between authorities of government that oversee monetary policy and those in charge of fiscal policies.
“Personally, what I think we can do is to get a spot rate for a period. We can agree that for Year 2024, this will be the spot rate for payment of customs duties. We could say for the first half of the year.”
Meanwhile, the House of Representatives was scheduled to resume sectoral debates on the financial sector, yesterday.
Recall that the Speaker, Tajudeen Abbas, in his welcome address after the Christmas and New Year recess gave insight into the sectoral briefings with various Ministries, Departments and Agencies (MDAs).
He had said: “Honourable colleagues, as noted earlier, the state of the economy is also of grave concern to us, and we must contribute to promoting sustainable economic growth. Our agenda has identified concrete measures for economic restructuring, economic diversification and agricultural development.
“All committees are directed to streamline their activities towards the realisation of our strategic objectives. The Committee on Implementation of Legislative Agenda and the Committee on Monitoring and Evaluation of activities of standing and ad hoc committees should ensure that committees and their outputs are in line with the agenda of the House.
“In this regard, I am pleased to announce that House’s sectoral briefings with MDAs will resume immediately. Accordingly, we shall engage with MDAs and principal actors in the finance sector on Tuesday, February 6, 2024. This engagement will assess the nation’s readiness to mobilise the necessary financial resources for implementing the budget.”
The Independent National Electoral Commission (INEC) yesterday told the National Assembly that it requires N873.78bn to conduct the 2027 general elections, even as it seeks N171bn to fund its operations in the 2026 fiscal year.
INEC Chairman, Prof Joash Amupitan, made the disclosure while presenting the commission’s 2026 budget proposal and the projected cost for the 2027 general elections before the National Assembly Joint Committee on Electoral Matters in Abuja.
According to Amupitan, the N873.78bn election budget covers the full conduct of national polls in 2027.
An additional N171bn is needed to support INEC’s routine activities in 2026, including bye-elections and off-season elections, the commission stated.
The INEC boss said the proposed election budget does not include a fresh request from the National Youth Service Corps seeking increased allowances for corps members engaged as ad-hoc staff during elections.
He explained that, although the details of specific line items were not exhaustively presented, the almost N1tn election budget is structured across five major components.
“N379.75bn is for operational costs, N92.32bn for administrative costs, N209.21bn for technological costs, N154.91bn for election capital costs and N42.61bn for miscellaneous expenses,” Amupitan said.
The INEC chief noted that the budget was prepared “in line with Section 3(3) of the Electoral Act 2022, which mandates the Commission to prepare its election budget at least one year before the general election.”
On the 2026 fiscal year, Amupitan disclosed that the Ministry of Finance provided an envelope of N140bn, stressing, however, that “INEC is proposing a total expenditure of N171bn.”
The breakdown includes N109bn for personnel costs, N18.7bn for overheads, N42.63bn for election-related activities and N1.4bn for capital expenditure.
He argued that the envelope budgeting system is not suitable for the Commission’s operations, noting that INEC’s activities often require urgent and flexible funding.
Amupitan also identified the lack of a dedicated communications network as a major operational challenge, adding that if the commission develops its own network infrastructure, Nigerians would be in a better position to hold it accountable for any technical glitches.
Speaking at the session, Senator Adams Oshiomhole (APC, Edo North) said external agencies should not dictate the budgeting framework for INEC, given the unique and sensitive nature of its mandate.
He advocated that the envelope budgeting model should be set aside.
He urged the National Assembly to work with INEC’s financial proposal to avoid future instances of possible underfunding.
In the same vein, a member of the House of Representatives from Edo State, Billy Osawaru, called for INEC’s budget to be placed on first-line charge as provided in the Constitution, with funds released in full and on time to enable the Commission to plan early enough for the 2027 general election.
The Joint Committee approved a motion recommending the one-time release of the Commission’s annual budget.
The committee also said it would consider the NYSC’s request for about N32bn to increase allowances for corps members to N125,000 each when engaged for election duties.
The Chairman of the Senate Committee on INEC, Senator Simon Along, assured that the National Assembly would work closely with the Commission to ensure it receives the necessary support for the successful conduct of the 2027 general elections.
Similarly, the Chairman of the House Committee on Electoral Matters, Bayo Balogun, also pledged legislative support, warning INEC to be careful about promises it might be unable to keep.
He recalled that during the 2023 general election, INEC made strong assurances about uploading results to the INEC Result Viewing portal, creating the impression that results could be monitored in real time.
“iREV was not even in the Electoral Act; it was only in INEC regulations. So, be careful how you make promises,” Balogun warned.
The N873.78bn proposed by INEC for next year’s general election is a significant increase from the N313.4bn released to the Commission by the Federal Government for the conduct of the 2023 general election.
In a timetable issued by its National Secretariat in Abuja and signed by the National Organising Secretary, Sulaiman Argungu, the party said the activities were in line with provisions of its constitution guiding the election of party officials across all tiers.
According to the schedule, membership e-registration began on January 31 and ended on February 8, while notices of congresses were dispatched to state and Federal Capital Territory chapters on February 2.
Submission of nomination forms for ward and local government congresses closed on February 9, followed by screening and appeals between February 10 and February 14.
Ward congresses are fixed for February 18, with appeals the following day, while local government congresses will take place on February 21 and appeals on February 23.
At the state level, purchase of forms for state executive positions will run from February 22 to February 25, with screening set for February 27–28 and appeals from March 1–2. State congresses are scheduled for March 3, and appeals on March 4.
Activities leading to zonal congresses and the national convention include purchase and submission of forms between March 12 and March 16, inauguration of screening committees on March 23, and screening of aspirants on March 24. Zonal congresses across the six geo-political zones are slated for March 25, with appeals on March 26.
The party’s national convention will hold from March 27 to March 28.The APC also published fees for expression of interest and nomination forms across the different tiers.
At the ward level, expression of interest costs ?5,000, while nomination forms range from ?15,000 to ?20,000 depending on the position. For local government positions, nomination forms range from ?50,000 to ?100,000 after a ?10,000 expression-of-interest fee.
State executive positions attract ?50,000 for expression of interest, with nomination forms pegged at ?1 million for chairman and ?500,000 for other offices. Zonal offices require ?100,000 expression of interest and ?200,000 for nomination.
For national positions, the fees rise significantly, with expression of interest set at ?100,000. Nomination forms cost ?10 million for national chairman, ?7.5 million for deputy national chairmen and national secretary, ?5 million for other offices, and ?250,000 for National Executive Committee membership.
The party noted that female aspirants, youths and persons living with disabilities would pay only the expression-of-interest fee and 50 per cent of nomination costs. It also clarified that Ekiti, Osun, Rivers states and the FCT are excluded from ward, local government and state congresses, but will participate in electing delegates to the national convention.
Forms are to be completed online after payment verification, with payments directed to designated APC accounts at Zenith Bank and United Bank for Africa.
The congress cycle is expected to determine new party leadership structures ahead of future electoral activities.
The Tide source reports that the committee, reportedly backed by the Minister of the Federal Capital Territory (FCT), Chief Nyesom Wike, is making moves to reclaim the Wadata Plaza headquarters months after it was sealed following a violent clash between rival factions of the party.
Senior officers at the FCT Police Command told our source that while they had not received an official briefing, police personnel would be stationed at the secretariat and other key locations to maintain peace.
The Acting National Secretary of the Mohammed-led committee, Sen. Samuel Anyanwu, announced last week that the secretariat would reopen for official activities on Monday (today).
He dismissed claims that ongoing litigation would prevent the reopening, saying, “There are no legal barriers preventing the caretaker committee from resuming work at the party’s headquarters.”
However, the Tanimu Turaki-led National Working Committee (NWC) has fiercely rejected the reopening move, insisting that Sen. Anyanwu and his group remain expelled from the PDP and have no authority to act on its behalf.
Speaking with The Tide source, the committee’s National Publicity Secretary, Ini Ememobong, declared: “They are living in fool’s paradise. The worst form of deceit is self-deceit, where the person knows he is deceiving himself yet continues with gusto.
“Even INEC, which they claim has recognised them, has denied them. They are indulging in a roller coaster of self-deceit.”
Mr Ememobong further revealed that letters had been sent to both the Inspector-General of Police and the FCT Commissioner of Police, stressing that the matter was still in court and warning against any attempt to “resort to self-help.”
“The case pending before Justice Joyce Abdulmalik was instituted by the expelled members. They cannot resort to self-help until judgment is delivered,” he said.
He warned that reopening the secretariat would amount to contempt of court.
A senior officer at the FCT Police Command, who spoke on condition of anonymity, confirmed that officers would be deployed to the area to avert a repeat of the November 19 violence that led to the secretariat’s initial closure.
“The command would not stand by and allow a breakdown of peace and order by the party or anyone else. Definitely, the police will have to be on the ground,” he said.
Another officer added, “There will definitely be men present at the secretariat, but I can’t say the number of police officers that would be deployed.”
When contacted, the FCT Police Public Relations Officer, Josephine Adeh, said she had not been briefed on the planned reopening and declined to comment on whether officers would be deployed.
Asked to confirm whether the secretariat was initially sealed by police, she responded, “Yes,” but refused to say more about the current deployment plans.
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