Connect with us

Politics

Senate Wants Customs To Increase N5tr 2024 Revenue Target 

Published

on

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.”

Continue Reading

Politics

Fubara Tasks Rivers Stakeholders On Political, Economic Emancipation …Commissions NAVAL Training Command Headquarters At Ebubu

Published

on

Rivers State governor, Sir Siminalayi Fubara, has stated that the task of emancipating Rivers State and taking it to its desired height of development among the comity of Nigerian states depends on the concerted efforts of all stakeholders in the state.
Governor Fubara said this at Ubima, on Saturday, when he attended the burial ceremony of late Madam Cecelia Omehia, mother of Sir Celestine Omehia.
Addressing the leaders of the state who attended the burial ceremony in their numbers, the governor urged them to demonstrate their love for the state by living up to their patriotic responsibilities and make meaningful contributions that will move the state forward.
Governor Fubara reaffirmed his commitment to the service of the state and cautioned against politics of bitterness and animosity, stating that he will not govern the state as an underdog, nor compromise  the interest of Rivers people, no matter the challenges facing his administration.
“Anybody who claims to love this State should not be party to anything, directly or indirectly, that will bring us backwards. We will continue to support every course that will advance the interest of our dear Rivers State.
“And I am happy to say, and I’ve said it over and again, it doesn’t matter the number of people that are standing with me, I will stand on the side of truth.
”I will not, I repeat, I will not govern our dear State on my knees. If that was the purpose, I will not do that. I will stand to govern our dear state and stand continually on the side of right”, he said.
The governor commiserated with the Omehia family over the transition of their beloved matriarch and urged  them to take solace in the good legacies she left behind.
Sir Celestine Omehia, the chief mourner, in his response  thanked  the Rivers State governor  and his entourage for honoring the memory of his beloved mother, whom he described as a role model, teacher and great disciplinarian.
Earlier on Saturday, Governor Fubara visited the scene of the Friday night inferno occasioned by a tanker explosion that occurred at the Indorama axis of East West Road, causing untold disaster with over 60 vehicles razed and about four lives lost.
Governor Fubara who was accompanied by the  Commissioner of Police in Rivers State, Olatunji Disu, and the state Commissioner for Energy and Natural Resources, Mr Uchechukwu Nwafor, during the visit, expressed deep concern over the unfortunate incident and condoled with the families of the victims, assuring that the state government will provide needed assistance to cushion the effects of the tragedy.
“We are here to see for ourselves and get a first hand information of what happened yesterday night.
“I was told that it was caused by a tanker that was conveying premium motor spirit. In fact, I got the information through the MD of Indorama, and I immediately alerted the security agencies to make sure they take control of the security situation in the area.
Governor Fubara, on Friday, commissioned the new Naval Training Command Headquarters at Ebubu, Eleme Local Government Area of Rivers State.
Speaking at the event, Governor Fubara said he was delighted with the transformation recorded in the abandoned facility after it was ceded by the Rivers State Government to the Nigerian Navy on request in 2023.
He pointed out that the relocation of the Naval Training Command headquarters to Rivers State underscores the proficiency of the Nigerian Navy in managing the maritime sector, especially in safeguarding the waterways and  fighting against economic sabotage such as crude oil theft and its associated menace.
Governor Fubara commended the Navy for investing in the training of its personnel to evolve a highly skilled workforce to secure the Nigerian waterways, stating that the new development is a manifestation of President Bola Tinibu’s commitment to building a strong security architecture for Nigeria.
The Governor who assured the support of his administration to the Navy and other security outfits, announced a donation of N350m to the Navy, and urged synergy between the Navy and the host communities in terms of development support and security of lives and property.
“As you go on to put this training command into full service, my charge to you is to ensure that this sprawling facility is effectively maintained and utilized to expand your operations and activities for national security development.
“I further implore you to provide effective security and development support to the host communities, and live in peace and harmony with the civilian population in the local government area,” the Governor added.
In his remark,  the Chief of Naval Staff, Vice Admiral, Emmanuel Ogalla, expressed gratitude to the Governor for the continuous support and partnership of the Rivers State Government with the Navy.
Taneh Beemene
Continue Reading

Politics

Constitution Amendment: Senator Barau Urges Stakeholders’ Collaboration

Published

on

Deputy President of the Senate and Chairman of the Senate Committee on the Review of the Constitution, Senator Barau Jibrin, has called for robust collaboration among all stakeholders to drive the ongoing constitution amendment process to a successful conclusion.
Senator Barau stated this on Saturday at the joint retreat of the secretariat and consultants to the Senate and House of Representatives committees on the review of the Constitution of the Federal Republic of Nigeria 1999, in Abuja.
He commended the synergy between the constitution review secretariat and consultants to the Senate and House of Representatives committees, saying this will create harmony in the workings of both committees.
Senator Barau assured that the National Assembly will carry out the review of the constitution by a thorough aggregation of the yearnings of Nigerians from all walks of life through public hearings and collection of memoranda from various interests throughout the country, as well as embarking on a progressive engagement with state governments and legislatures and the federal government to achieve consensus on all issues.
“We must work together. Our country is facing a lot of challenges and this is the right time to fashion out a constitution that will go in line with the wishes and aspirations of the people of this country.
“The world is dynamic and this compels all serious countries to go with modernity and fashion their laws in accordance with contemporary happenings within their peculiarities.
“We have started on a progressive note of collaboration and let us add momentum to this very important collaboration within our ranks in order to achieve a result that will help in driving the process of making prospective peace, justice and fair play in the way we run our affairs as a nation,” he said.
Continue Reading

Politics

Makinde Hails Electorate, OYSIEC Over LG Poll Conduct 

Published

on

Oyo State governor, Seyi Makinde, has applauded the residents of the state for turning out to vote in the ongoing local government election across the state.
The governor also rated the conduct of the election high, stating it compared favourably with elections conducted by the Independent National Electoral Commission (INEC).
The governor stated this on Saturday after casting his vote at Unit 1, Ward 011, Abayomi Open Space, Iwo Road, Ibadan North East LGA of Oyo State.
Addressing journalists after exercising his civic responsibility, Gov Makinde said, “For us in Oyo State, it is almost like a given that democracy at the grassroots is what we practise. This is almost our fifth year in office and we are holding local government election for the second time.
“Before we came in, it had always been caretaker administration at the grassroots without the people having a say in who should govern them.
“You can see around also that the people are going about, performing the exercise peacefully and the traffic restriction is being obeyed by the people. So, I will commend our people for coming out to take seriously democracy at that level.”
The governor, who noted that security report about the election had been excellent, also charged those who observed any untoward development to report same to the security agencies.
Continue Reading

Trending