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Senate approves N5.79 trillion revenue target for Customs

The revised penalties and charges in the new Nigeria Customs Service Act, 2023 will improve the service’s revenue generation. The Senate has approved a total revenue of N5.79 trillion for the Nigeria Customs Service for the 2024 fiscal year. The approval followed the adoption of recommendations of a report of the Committee on Customs, Excise, and Tariffs read by its Chairman, Sen. Isah Jibrin (APC, Kogi East) on Thursday during plenary.  Presenting the report, Isah...

Reps promise strict oversight of customs to shore revenue

The house committee, happy with the recent amendment to the customs and excise law, promised to strictly monitor the revenue generation and remittances of the customs service Nigeria’s House of Representatives Committee on Customs and Excise said it will provide a strict oversight over the activities of the Nigeria Customs Service (NCS) to ensure enhanced revenue generation and remittances to public coffers. Rep. Leke Abejide (ADC, Kogi), Chairman of the Committee, made this declaration at the...

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