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Customs Generated N3.1tn in Three Years — Official



Nigeria Customs Service
  • Customs Generated N3.1tn in Three Years — Official

The Nigeria Customs Service has said that it generated about N3.1tn revenue in the last three years.

The Public Relations Officer of NCS, Deputy Comptroller Joseph Attah, told the News Agency of Nigeria in Abuja on Tuesday that the revenue was generated between 2016 and 2018.

Attah explained that the service realised N898.8bn revenue in 2016, N1.037tn in 2017 and the sum of N1.2tn was generated in 2018.

He said that within the period under review, about 16,049 seizures of various commodities were made by NCS commands across the country.

Giving a breakdown, the spokesperson said 5,925 items were seized in 2016; 4,889 impounded in 2017 and 5,235 in 2018.

He said, “The implementation of the presidential mandate to restructure, reform, and raise revenue by the present management of the NSC has greatly repositioned the service for better.

“What is challenging but being gradually achieved is the reform of persons, especially the need for attitudinal change on the part of the operatives and stakeholders.

“Today, in the service, there is an increasing disposition to place national interest above self.”

Attah noted that porous borders, the non-cooperative attitude of some border dwellers and lack of proper implementation of the ECOWAS protocol on transit by people from neighbouring countries, had remained challenges against the fight against smuggling by the service.

“Others are the use of motorcycles and animals to smuggle items through difficult terrains,” he said, adding that the activities of smugglers, to some extent, had been kept in check in the last three years since the assumption of office by Col Hameed Ali (retd.).

In a related development, the Area Commander, Seme Command, NCS, Mohammed Garuba, said the command generated revenue in excess of N1.055bn in December 2018.

According to him, this represents 92 per cent of the command’s targeted revenue for 2018.

He said that the command also seized over N623m worth of contraband during the period under review.

The Seme Customs CAC, who was speaking in Seme on Tuesday, said intensified operation of the Enforcement Unit of the command had also led to a drastic reduction in the activities of smugglers.

He listed some of the items seized in December to include 11 trailers ( 6,753 bags) of 50kg foreign parboiled rice valued at over N157m, N573.6m worth of vegetable oil, sugar, petrol, tinned tomatoes, used shoes, narcotics, and used vehicles, among others.

He disclosed that a suspected smuggler, Kenneth Cornelius, who was arrested by the command, had been sentenced to a term of two years in prison.

He stated, “With the inauguration and subsequent movement of the command to the Joint Border Post of Seme-Krake (designed to operate as a modern border), the operations of the command will be further enhanced through cooperation, collaboration and regional integration by facilitating the free movement of persons and services, reduction of trade and logistics costs, increasing inter-regional trade, increase of government revenue by eliminating trade barriers, reduction of delays, operating cost and availability of baseline data for impact assessment.

“This is to assure the Customs high command that this year’s revenue target allocated will not only be met but will be surpassed provided that other factors remain constant.

“The command will further strengthen its anti-smuggling operations against trans-border crimes, through intelligence-driven operations and continuous partnerships with other relevant agencies, for effective border management to stem the unlawful activities of daredevil criminals.”

He added, “We, however, assure members of both local and business communities that the command will increase dialogue, enlightenment and robust stakeholder engagements for seamless operations through the modern Joint Border Post. Furthermore, Customs personnel will remain stationed at strategic and approved points to assist in the facilitation of legitimate trading activities and equally ensure adequate security.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.


FG Reopens Osubi Airport Warri for Daylight Operations




FG Reopens Osubi Airport Warri for Daylight Operations

The Federal Government on Monday said the Osubi Airport in Warri has been reopened for daylight operations.

The Minister of Aviation, Hadi Siriki, disclosed this in a tweet.

The airport was closed in February 2020 over mismanagement and debt allegation involving aviation service providers and airport management.

However, Oberuakpefe Afe, a lawmaker representing Okpe/Sapeie/vaie federal constituency, recently moved a motion for the Federal Government through the ministry of aviation and relevant authorities to reopen the airport for flight operations.

On Monday, Hadi Siriki said “I have just approved the reopening of Osubi Airport Warri, for daylight operations in VFR conditions, subject to all procedures, practices and protocols, including COVID-19, strictly being observed. There will not be need for local approvals henceforth.

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Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm




Nigerian Brand, JR Farms Acquires 11% Stake in Rwandan Firm

JR Firms, an agribusiness firm with headquarters in Nigeria, has announced partnership with Sanit Wing Rwanda through the acquisition of 11 per cent stake in the company.

The CEO of the company, Mr Rotimi Olawale, explained in a statement that the partnership was in furtherance of its goals to ensure food security, create decent jobs and raise the next generation of agrarian leaders in Africa.

The stake was acquired through Green Agribusiness Fund, an initiative of JR Farms designed to invest in youth-led agribusinesses across Africa.

Sanit Wing Rwanda is an agro-processing company that processes avocado oil and cosmetics that are natural, quality, affordable, reliable and viable.

The vision of the company is to become the leading producers of best quality avocado and avocado by-products in Africa by creating value across the avocado value chain.

With focus on bringing together over 20,000 professional Avocado farmers on board and planting of three million avocado trees by 2025 through contract farming, the company currently works with One Acre Fund in supply of avocado to its processing facility.

The products of the company which include avocado oil, skin care (SANTAVO), hair cream and soap are being sold locally and exported to regional market in Kenya.

With the new partnership with JR Farms- the products of the company will enjoy more access to markets focusing on Africa and the European Union by leveraging on partnerships and trade windows available.

Aside funding, the partnership comes with project support in areas of market exposure, capacity building, exposure and other thematic support to grow the business over the next four years.

JR Farms has agribusiness operations in Nigeria, Rwanda, United States and Zambia respectively.

In Nigeria, the company deals in cassava value chain processing cassava to national staple “garri” which is consumed by over 80 million Nigerians on daily basis, while in Rwanda, it works in the coffee value chain with over 4,000 coffee farmers spread across the East Central African country.

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Shut Down Depots Selling Petrol Above Approved Price – Marketers




Shut Down Depots Selling Petrol Above Approved Price – Marketers

The Federal Government should close down depots that are selling petrol above the approved price, oil marketers said on Thursday.

National President, Independent Petroleum Marketers Association of Nigeria, Sanusi Fari, said the sale of petrol above government approved price by depot owners would soon lead to a hike in the commodity’s pump price.

Fari told journalists in Abuja that the government through its agencies such as the Department of State Services and the Department of Petroleum Resources should curb the development to avoid crisis in the downstream oil sector.

He said some private depot owners were selling at N165 per litre to independent marketers, way above the government stipulated price of N148 per litre.

Fari said, “Our challenge is the inconsistency in the pricing of petrol. Up till a week ago, government was still insisting that the February price for petrol remained unchanged.

“And most of the private depot owners are selling above the government stipulated price. As at today ( February 25, 2021) private depot owners are selling at N165 per litre to independent marketers.”

He added, “In the last six years, only NNPC imports refined products into this country and these tank farms buy their products from NNPC under a controlled price.

“This has affected our businesses seriously because government is insisting that we sell at the rate of N165, which is not going to work.”

The IPMAN president said filling station owners buy the product at N165 per litre from the private depots and incur other expenses such as transportation, rent, etc.

“So government cannot expect us to sell less than what we buy,” he said.

Fari added, “This is why we are calling on government and agencies that are saddled with the responsibility to control petrol pricing to urgently clamp down on depots that are selling above the stipulated price.”

The Nigerian National Petroleum Corporation, the country’s sole importer of patrol, recently stated that it never hiked the cost of petrol to depots.

It also enjoined the depot owners to sell the product at the approved rate and called on the DPR to enforce the stipulated price across the depots.

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