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Tariff removal: Customs to forgo N188bn on import duties

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The Nigeria Customs Service (NCS) has announced that it will forgo N188.37 billion in import duties following the Federal Government’s directive to remove tariffs and other import duties on key food staples.

The Comptroller-General of NCS, Adewale Adeniyi, made this disclosure in his keynote address at the second Economic Confidential Lecture and Book Presentation in Abuja, yesterday.

The Tide source reports that to alleviate food inflation in Nigeria, the Minister of Agriculture and Food Security, Abubakar Kyari, announced on July 8 the suspension of duties, tariffs, and taxes on certain food staples imported through land and sea borders.

These staples include maize, husked brown rice, wheat, and cowpeas. The measure introduces a 150-day duty-free import window for these food commodities, to be implemented over a period of 180 days.

According to Adeniyi, the six-month tariff suspension could result in a revenue forfeiture of approximately N188.37 billion, which represents the government’s commitment to prioritising food security over short-term revenue goals.

He noted that the removal of tariffs and import duties on key staples for the next six months represented a considerable sacrifice in terms of potential revenue.

The NCS estimates that the total import of these food items between 2020 and 2023 was more than N3.8 trlillion generating more than N191 billion in custom duties, and more than N562 billion in various levies paid to the government.

Adeniyi assured that the NCS would ensure seamless clearance of the listed foods, create special corridors to expedite their clearance, build the capacity of its personnel, and shore up its anti-smuggling measures to prevent the influx of unlisted food items.

Vice-President Kashim Shettima, speaking on the theme of the lecture, `Leveraging on Effective Communication for Revenue Generation and Economic Development` said the President Bola Tinubu’s administration was implementing hard reforms aimed at salvaging Nigeria’s economy.

The Vice-President`s speech was delivered by Dr Tope Fasua, the Special Adviser to the President on Economic Affairs, Office of the Vice President.

He highlighted the government’s achievements, including growing foreign reserves to more than N37 billion and achieving a standard transmission of 4,500 megawatts of electricity.

He added that the Federal Government had provided conditional cash transfers to more than one million families to alleviate their living difficulties and had settled seven billion dollars in inherited foreign obligations, among other measures.

Alhaji Yushau Shuaib, Managing Director, Image Merchants Limited (IMPR), the organisers of the lecture series, commended the C-G for his efforts toward repositioning NCS and working in sync to implement Tinubu’s economic reforms.

Shuaib said that book titled, `Impactful Public Relations in Customs Management` was written following the strategic communications adopted by NCS to provoke constructive engagement and healthy dialogue with its various publics.

 

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MAN Tasks Rivers, Bayelsa On Blue Economy

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The 2025 annual general meeting (AGM) and conference of the Rivers/Bayelsa states chapter of the Manufacturers Association of Nigeria (MAN) has come to a close with a strong call for both states to drive the blue economy.

The communique just issued after the AGM pointed to what it called emerging prospects in fish processing, seaweed cultivation, ship repair, and marine technology.

The communique which also mentioned human capital gaps that must be filled through technical and vocational training that are aligned with modern industrial needs, said the blue economy represents a viable pathway for Nigeria’s industrialisation.

It said MAN and Arican Marine Environment Sustainability Initiative (AFMESI) have the capacity to unlock Nigeria’s blue economy sustainably and inclusively, but said the region required dedicated infrastructure upgrades, including roads, waterways, and power.

The communique was signed by Vincent Okuku (Chairman of Rivers/Bayelsa States Branch); Michael Nosa Agana (Branch Vice Chairman/Chairman AGM planning Committee); and Chibuzor Eze (Executive Secretary, Rivers/Bayelsa States Branch).

The resolutions said the future of the Niger Delta economy lies in diversification rather than dependence on extractive industries. “Technology and innovation, value addition and local processing, strategic infrastructure, and a skilled workforce are essential pillars for the future of manufacturing in the region.

“Governments in the region must intensify support for manufacturing activities. Various forms of collaboration across sectors should be actively encouraged.”

It specifically advised Bayelsa and Rivers States to fully develop and harness the blue economy as strategic gateways for sustainable growth; and called for cross-border partnerships with neighbouring states to enhance trade, security, and environmental management.”

The Rivers/Bayelsa States branch of MAN held its first (41st) AGM outside Port Harcourt for the first time, hosted by Bayelsa State Government at the Chief D.S.P. Alamieyeseigha Memorial Banquet Hall, with the theme: ‘Trade, Technology, and the Future of Manufacturing in the Niger Delta.’

In his welcome address, the chairman of the branch, Okuku, commended the Bayelsa State Government under the leadership of Gov Douye Diri for its efforts in industrial development, investment promotion, and strong partnership with the private sector.

He also acknowledged the Rivers State Government for its commitment to rehabilitating industrial clusters, improving access roads, and delivering key infrastructure.

He, however, expressed concern over persistent challenges such as high energy costs, unreliable electricity supply, weak transport systems, rising logistics expenses, multiple taxes and levies, inconsistent regulatory frameworks, and pressure from host communities, which continue to hinder manufacturing growth in both states.

The President of MAN, Francis Meshioye, noted that the Niger Delta, with its abundant resources and strategic location, holds vast potential for industrial expansion. He called for policy frameworks that promote local manufacturing, enhance trade, and attract investments to the region.

Goodwill messages were delivered by the Minister of the Federal Ministry of Regional Development, Abubakar Momoh, represented by Wasa Festus, Director of Community Development and Education. Another goodwill message was also presented by the Bayelsa State Commissioner for Trade, Industry and Investment, Ebieri Jones.

In his remarks, Gov Diri praised MAN for its contributions to Nigeria’s manufacturing sector, noting its resilience, innovation, and strategic role in national development. He stated that the conference theme aligns with his administration’s mantra of “Assured Prosperity.”

Gov Diri offered 24-hour service to manufacturers wishing to relocate to the state, and highlighted the State’s ongoing transformation through deliberate investment in infrastructure, security, and human capital aimed at positioning Bayelsa State as a hub for industrial growth, particularly in the blue economy, agriculture, and manufacturing.

He further noted that hosting the 41st AGM fulfilled a long-desired aspiration of the State following the successful 2024 MAN event in Port Harcourt, Rivers State. He officially declared the exhibition open.

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NELFUND Warns Students Against Fake Loan Portal

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The Nigerian Education Loan Fund has alerted the public to a fraudulent message circulating online, claiming that the NELFUND Student Loan Registration Portal is open.

The message directs applicants to a third-party link (http://gvly.xyz/Nelfund-Student-Loan, which NELFUND confirms is unauthorised and fraudulent.

In a post obtained from its X handle, yesterday, NELFUND urged students and the general public not to click on the link or provide any personal information, emphasising that the official loan registration portal is only accessible through the Fund’s verified channels.

The agency reminded applicants to exercise caution online and to report any suspicious links or communications claiming to be from NELFUND.

“Applicants are encouraged to always verify official announcements via NELFUND’s official website and social media channels,” NELFUND said.

This advisory comes as part of NELFUND’s ongoing efforts to safeguard students and ensure the integrity of the student loan application process.

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Eastern Port  Police Boss Promises On Crime-Free Operations 

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The new Commissioner of Police Eastern, Ports Command, Mr Tijani Fatai has promised to ensure a crime- free ports operations in the zone.
He said effective policing will be mounted across the ports in the zone in tackling the high rate of community unrest, activities of port rats  and other social vices.
Fatai while speaking to newsmen shortly after taking over as the 17th commissioner said he wants to be remembered as a peace maker during his tenure as Commissioner of Police in the Eastern Ports Command.
According to him,’’the community policing is the sure way of addressing most conflicts and other social vices bedeviling our society today and I will explore it to its fullest” .
The Commissioner also assured officers  of the rank and file of improved welfare whoch he described as a cardinal objective of the present efforts of the Inspector General of Police (IGP).
He said,” the Inspector General of Police has sent me to assure you all of welfare, promotions as and when due,no  officers particular rank and file will be left behind in the coming months.
Fatai before his recent posting was an operational officer,who spent most of his years with the Police Mobile Force (PMF) where he served as Unit Commander (UC) and Commander, PMF.
Before his redeployment as a Commissioner of Police,(CP), he was the Deputy Commissioner of Police, Operations, DCP, Operations, Lagos State Command.

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