Business

Smuggled Rice Tops Seized Items List In 2025

Published

3 months ago

May 1, 2025

Nigeria Customs Service (NCS) has announced that seizures made on smuggled rice topped the most seized items in the first quarter of 2025.
Comptroller-General of Customs, Adewale Adeniyi, disclosed this and other achievements during a press briefing held recently at the NCS headquarters in Abuja.
He said, “Rice remained the most prevalent seized commodity, with 159 cases involving 135,474 bags valued at ¦ 939,309,698.00. Petroleum products followed with 61 seizures totaling 65,819 liters, valued ¦ 43,336,160.81 DPV.
“Of particular note were 22 narcotics interceptions valued at ¦ 730,748,173.00, reflecting our intensified focus on combating drug trafficking”.
The service, he noted, also recorded “three high-value wildlife product seizures with a remarkable ¦ 5,653,522,600.00 DPV, underscoring both the lucrative nature of this illegal trade and our commitment to environmental protection under international conventions”.
The Customs boss further disclosed a robust performance for the first quarter of 2025, exceeding its revenue target and recording significant gains in anti-smuggling operations and trade facilitation.
Speaking on the revenue collection surpassed target, Adeniyi said the NCS collected ¦ 1.75 trillion in revenue for Q1 2025, surpassing its quarterly benchmark of ¦ 1.65 trillion by ¦ 106.5 billion and achieving 106.47 percent of its projection.
According to him, this marks a 29.96 percent increase compared to the same period in 2024, when the service collected ¦ 1.35 trillion.
Month-by-month analysis showed January collections up 65.77 percent year-on-year, with February and March also exceeding targets and 2024 figures.
On anti-smuggling efforts yield results, he said the Customs officers made 298 seizures in Q1 2025, with a total Duty Paid Value (DPV) of ¦ 7.7 billion—a 78.41 percent increase from Q4 2024.
However, this figure represents a 19.7 percent decrease compared to Q1 2024, attributed to improved compliance and the deterrent effect of enforcement.
According to the CGC, the seisures includes 135,474 bags of rice, petroleum products, narcotics, wildlife products, textiles, retreaded tires, and pharmaceuticals.
Speaking on trade facilitation and modernisation, he stated that the Customs top brass affirmed that NCS processed 327,928 import transactions in Q1 2025, which is up 5.28 percent from the previous year, and handled goods with a CIF value of ¦ 14.8 trillion, showing an increase of 26.72 percent.
Meanwhile, export shipments declined in number but rose sharply in mass, reflecting a shift toward bulk commodity exports and improved processing efficiency.
The total trade value managed by the NCS reached ¦ 36.3 trillion for the quarter.
Key modernisation initiatives included the expansion of the B’Odogwu Customs clearance platform and the launch of the Authorised Economic Operators (AEO) programme, aimed at rewarding compliant businesses with faster processing.
The NCS also rolled out its “Customs Cares” corporate social responsibility programme, supporting education, health, and food security across Nigeria.
Speaking on the challenges, the Comptroller General of Customs, stressed that “The NCS faced challenges from exchange rate volatility, policy changes, and evolving smuggling tactics.
“Exchange rates fluctuated 62 times during the quarter, creating uncertainty for importers. The agency also navigated the suspension of the Financial Customs Service Operation and new tariffs on Nigerian exports to the United States.
“Looking ahead, the NCS aims to accelerate modernisation, expand digital platforms, and enhance service delivery, aligning with the federal government’s broader economic and trade reforms”.
Adeniyi reaffirmed the agency’s commitment to transparency, stakeholder engagement, and continued contributions to national revenue and security.

Nkpemenyie Mcdominic, Lagos

Business

Abia Takes Over Electricity Supply In 8 LGAs

Published

5 days ago

July 28, 2025

The Tide

The Abia State Government said it is finalising a deal with the Enugu Electricity Distribution Company (EEDC) to assume control of electricity supply in eight Local Government Areas currently outside the coverage of Geometric Power.

The move is part of a broader plan to achieve full electricity autonomy and enhance industrial growth across the state.

The Statement Governor, Dr. Alex Otti, made the disclosure while inaugurating professionals to serve on six strategic government boards, including the Abia State Advisory Council on Electricity, chaired by Dr. Sam Amadi, a former Chairman of the Nigerian Electricity Regulatory Commission (NERC).

In a statement signed by the Chief Press Secretary to the Executive Governor, Ukoha Njoku Ukoha, Otti said the ongoing discussions with EEDC aimed to “island” the remaining eight LGAs—similar to the Aba ring-fenced area already powered by Geometric Power.

He added that the state intends to generate, transmit, distribute, and regulate electricity within its territory under the authority granted by the new Electricity Act signed into law in April.

“Electricity is so critical here because everything we are doing, particularly in the area of industrialisation, depends on electricity.

“In the next few months, we should be concluding a transaction with EEDC where we will pull the remaining eight local governments of the state out of EEDC and have them as an island, just like Aba”, the statement said.

The Governor explained that the plan to take over electricity supply in those areas is designed to eliminate dependence on national providers and improve service delivery across the board. Once completed, the deal will allow Abia to independently manage power supply in all 17 LGAs.

The statement emphasised that the State Government views reliable electricity as a foundation for economic development and industrialisation, with the power reform effort serving as a central pillar in its broader reform agenda highlighting the critical role of the Electricity Advisory Council in overseeing Abia’s power transition.

Responding, the Commissioner for Power and Public Utilities and Co-Chair of the Electricity Advisory Council, Engr. Ikechukwu Monday, expressed gratitude for the opportunity, pledging to leverage the council’s expertise to help the government meet its electricity goals.

Business

‘Gas Shortages, Infrastructure Deficiency, Bane Of Power Sector Growth’

Published

5 days ago

July 28, 2025

The Tide

Former Power Minister, Prof. Bart Nnaji, has said that until Nigeria fulfills investment commitments in gas infrastructure that would sustain adequate gas supply to thermal power stations, the growth of the power sector would continue to experience generation shortfall.

Nnaji said in the next two decades power generation in the country would be dominated by gas fired plants.

He attributed Nigeria’s persistent gas shortage to inadequate investment in gas infrastructure and called for more support from both government and the private sector.

Speaking at the 2025 Oriental News Conference, with the theme “Integrating Nigeria’s Gas Potential into Strategic Energy Transition Initiatives”, Thursday, in Lagos, Nnaji, who also doubled as Chairman of the event, said the country’s gas sector remained underdeveloped due to insufficient investment in extraction, transmission and transportation.

Addressing stakeholders from across the oil and gas value chain, including key government officials, Nnaji said “The focus should not rest solely on government-led efforts — the private sector must also play a vital role.

“What we need is for the government to act as a true enabler, offering the necessary support for infrastructure and gas harvesting. It’s baffling that with over 210 trillion cubic feet of gas, we still face local shortages.

“We’re unable to produce sufficient quantities to support operations across the country. Though operations improved this year, they weren’t previously at full capacity. A seventh train is underway, but we need more gas.”

According to him, Nigeria’s history of mining and exporting coal before abandoning it reflects a wider pattern of resource neglect.

The former power minister, who stated that gas-fired plants were critical to Nigeria’s power generation, stressed the need for a reliable supply to ensure thermal plants operate effectively.

He noted that Geometric Power Ltd, which he chairs, is among the companies generating electricity through thermal sources.

“For effective supply from thermal plants, an adequate and reliable gas supply is vital. While we have hydro power, gas-fired plants remain dominant and will likely stay that way for the next ten to twenty years”, he said.

While acknowledging the role of renewable energy in rural electrification, Nnaji stated that Nigeria’s baseload power must continue to come from gas or hydro sources, noting, however, that hydro power comes with limitations that require regional cooperation.

Business

NUPRC Blames Out Service Trunk Lines On Vandalism … As Rivers NUJ Promises Development Journalism

Published

5 days ago

July 28, 2025

The Tide

The Port Harcourt Regional Coordinator, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Dr. Musa Zagi, has blamed the out of service of its several Trunk Lines on act of vandalism.

Zagi expressed the reservation while playing host to a Courtesy Visit by the Rivers State Council of the Nigeria Union of Journalists (NUJ), in his office, in PortHarcourt, recently.

Lamenting the increasing incidents of what he described as wilful destruction of trunk lines, Zagi expressed regret over the frenzy for compensation, despite the Petroleum Industry Act (PIA).

He insisted that the vandalisation of the nation’s oil and gas facilities has contributed to the setbacks in the sector as it has also resulted to the out of service state of most of its trunk lines.

Zagi noted with dismay the decrease in production in the faces of increased population and expenses, adding that it has also led to increased trucking on the roads and all, at the detriment of the nation’s economy.

“Regrettably, production is decreasing while expenses and population are on the rise. This has incidentally increased trucking on our roads, since almost all our trunk lines are out of service. It is in this light that your visit to us becomes apt”, he stated.

While lauding the Rivers NUJ for initiating the visit, Zagi urged the Union to, through its reportage, sensitise the people on the need to eschew wilful vandalisation of the nation’s oil and gas facilities.

He said, “again your decision to change the narrative from incident reportage to developmental journalism should be commended by all. We are excited by that cheering news”.

Earlier, the Chairman of the Rivers State Council of the NUJ, Comrade Paul Bazia-Nsaneh, noted the crucial role of the NUPRC in managing the oil and gas industry, the heartbeat of the nation’s economy and stressed the need for partnership for greater productivity.

Bazia-Nsaneh stated that the Council under his leadership was poised to change the narratives of journalism from incident reportage to development journalism.

In his words, “We are moving away from incident or negative reportage to development journalism.

“NUJ, therefore, is open to partnering with you in that regard, having known the crucial role NUPRC plays in regulating the oil and gas, especially the upstream”.

By: Lady Godknows Ogbulu