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.”
Accordingg to the statement, the Board and National Executive Committee of PANDEF, noted with very grave concern the recent spate of political developments in Rivers State.
“Regrettably, these developments have now degenerated into the decision of the Rivers State House of Assembly to commence impeachment proceedings against the governor and deputy governor.
“This is a deeply disturbing situation that demands urgent attention in order to forestall further escalation and breakdown of law and order.
“This concern is heightened by the critical importance and strategic centrality of Rivers to the Niger Delta region and to the broader socio-political stability and economic wellbeing of Nigeria as a whole”, the statement said.
The Forum called on all parties involved in the resurgent political imbroglio to sheathe their swords and embrace peace.
“This should be guided by the principles of give-and-take, dialogue, tolerance, and political equanimity.
“All stakeholders must place paramount importance on peace, development and the welfare of the people of Rivers.
“We must now focus squarely on good governance and development of the state,” the Forum said.
PANDEF commended President Bola Tinubu, the leadership of the All Progressives Congress (APC), respected elders of Rivers State, and other well-meaning Nigerians for their previous and ongoing efforts aimed at restoring peace and stability in the state.
Speaking in an interview on Saturday, January 10, Chief Sara-Igbe alleged that the minister had flouted regulations governing the commencement of electioneering campaigns by moving from one local government area to another to galvanise political support.
According to him, the action amounted to a clear breach of electoral guidelines being carried out with a troubling sense of impunity that could undermine the rule of law.
“Wike has violated the electoral laws of campaigning by going from local government to local government to talk to the people. He travelled from one local government to another. As a result of his visits to local government areas, he has broken election regulations and continues to do all these things without fear of repercussions”, Chief Sara-Igbe said.
The remarks came as Chief Wike was set to round off a state-wide “thank-you” tour that covered all 23 local government areas of Rivers State.
Although the minister had described the tour as an appreciation visit following support for President Bola Tinubu in the 2023 general elections, critics say the engagements have assumed an overtly political character.
Observers note that during several stops, including recent visits to Andoni and Bonny local government areas, the minister rallied supporters across party lines under what he termed a “Rainbow Coalition,” a move widely interpreted as part of a broader political strategy.
During these engagements, Chief Wike was also reported to have made remarks perceived as a veiled challenge to the authority of Governor Siminalayi Fubara, while repeatedly referencing the 2027 elections and urging supporters to prepare to “correct the mistake” of 2023.
Chief Sara-Igbe warned that allowing such activities to continue unchecked could erode public confidence in Nigeria’s electoral process and called on relevant authorities to enforce existing laws without fear or favour.
The Commission, in a statement on Wednesday, claimed that there were plans by the same group to escalate a smear campaign against its Chairman, Ola Olukoyede, to frustrate ongoing investigations and prosecutions involving prominent individuals.
The statement endorsed by the agency’s spokesman, Mr Dele Oyewale, claimed that the action was intended to distract the Commission through unfounded allegations of political bias in the discharge of its duties.
The EFCC warned that it would not stand by and watch “those recruited into this ignoble enterprise” or allow any attempt to derail it from “the patriotic task of improving public accountability in Nigeria.”
The Commission made it clear that those recruited into this venture were under close watch, adding that it would not tolerate any attempt to distract it from the patriotic task of improving public accountability in Nigeria.
“The EFCC reiterates its non-political stance in all its activities. Facts on the ground clearly show that any political actor belonging to the ruling party or opposition party, with corruption baggage, has no hiding place from the operational radar and dynamics of the Commission.
“As a matter of fact, several strong members of the ruling and opposition parties are either facing trial before the courts or being investigated by the Commission.
“It is needful that Nigerians appreciate the fact that the Commission is keeping faith with its Establishment Act in all its operations.
“Therefore, the Commission reiterates its commitment to justice, without fear or favour, in the fulfilment of its mandate,” the statement pointed out.
-
News2 days ago2026 Budget: FG Allocates N12.78bn For Census, NPC Vehicles
-
Featured5 days agoTinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
-
Politics2 days agoWike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
-
Sports2 days agoAFCON: Osimhen, Lookman Threaten Algeria’s Record
-
Politics2 days agoRivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
-
Maritime2 days agoMARITIME JOURNALISTS TO HONOUR EX-NIWA MD,OYEBAMIJI OVER MEDIA SUPPORT
-
Sports2 days agoPalace ready To Sell Guehi For Right Price
-
Sports2 days agoArsenal must win trophies to leave legacy – Arteta