Business
Seme Customs Generates N1.95bn In Two Months
Seme Border Command of Nigeria Customs Service (NCS) generated N1.95 billion between September and October this year, the Area Controller, Muhammed Garba, has said.
Garba told journalists at Seme last Wednesday that the customs also seized about 850 contraband goods with a Duty Paid Value (DPV) of N378,344,118.
“The seizures are 16,729 bags of 50kg foreign rice (over 27 trailers), valued at N302,477,049 and 115 cartoons of imported frozen poultry products, valued N728,654.
“Others are 57 jerrycans of vegetable oil, valued at N400,440, 111 pieces of used tyres, valued at N859,345, 21 vehicles, valued at N134,410,536 and 71 jerrycans of petroleum products, valued N300,572.
“We also seized 378 bags of sugar valued at N7,394,521; 40 pieces of used textiles, valued at N774270, 57; packs of Tramadol valued N11,090,832; 387 sacks of Coconut valued N2,313,360 and general goods valued N52,005,135.
“The grand total of the seizure is N2,839,507,352,” he said.
The controller said that seven suspects were arrested, adding that some had been convicted, while some were undergoing interogation in connection with the seizures.
Garba said that the command was determined to detect, arrest and prosecute those who failed to comply with extant laws regarding importation and exportation through the land borders.
He said that the achievement recorded by the command was with the support of other security agencies.
He said that activities of smugglers could not be totally eliminated, adding that the command was working with Immigration, Police, Army and Navy to curb smuggling at the border.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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