Thursday, November 21, 2024
Home Business CUSTOMS CG AFFIRMS NIGERIA CUSTOMS TRANSFORMATION WITH AFCFTA OBJECTIVES.

CUSTOMS CG AFFIRMS NIGERIA CUSTOMS TRANSFORMATION WITH AFCFTA OBJECTIVES.

CUSTOMS CG AFFIRMS NIGERIA CUSTOMS TRANSFORMATION WITH AFCFTA OBJECTIVES
The Comptroller General of the Nigeria Customs Service, Bashir Adewale Adeniyi says, the Nigeria Customs evolution of embracing paperless processes, fostering trade facilitation, fortifying capabilities for Rules of Origin(ROO), Implementation of Advance Ruling, Authorised Economic Operators (AEO), and engaging with the
business community, all harmonize with the continental melody of the Africa Continental Free Trade Area (AfCFTA).
The CGC,  made this known while delivering   a lecture  on “Nigeria’s Economic Growth and Development: Reforming and Positioning the Customs Service for the African Continental Free Trade and other emerging challenges”
at the Nigerian Institute of International Affairs (NIIA), Lagos.
CGC Adeniyi stated that while the mandate to generate revenue for the government remains paramount, the evolving landscape demands equal attention to trade facilitation.
In his words, “Recognizing the multifaceted role of the NCS, it becomes
imperative to manage expectations regarding revenue generation. Striking a balance between facilitating trade and meeting revenue targets requires a nuanced approach.”
“This involves making informed trade-offs that translate into fostering sustainable economic development, particularly for small and medium-scale entrepreneurs. The NCS must navigate these intricacies
adeptly to not only meet fiscal objectives but also contribute significantly
to the growth and resilience of Nigeria’s economic landscape.” He emphasized.
The CGC noted that there is a pressing need to put Africans at the heart of Customs Operations, stressing that the inadequacy of transparent communication channels has contributed to misunderstandings and inefficiencies in trade
operations, posing challenges for both customs and the business community.
According to him, “A transformative recommendation is to establish regular consultation platforms that prioritize transparent communication channels for constructive feedback from stakeholders.”
“This proactive engagement strategy aims to dismantle historical barriers, ensuring that the customs operations
are not only efficient but also reflective of the needs and perspectives of the diverse African business community.” He added.
The CGC was later conferred with the Fellowship of the Nigerian Institute of International Affairs by the Director General of the Institute, Professor Eghosa Osaghae.
RELATED ARTICLES

FCCPC ALERTS OF LOW-QUALITY SUGAR IN NIGERIAN MARKETS.

 The Federal Competition and Consumer Protection Commission (FCCPC)  says it has uncovered the availability of substandard and unregistered sugar products in Nigerian markets, particularly...

TAX REFORM BILL: FREE ZONE OPERATORS REJECT KEY PROVISIONS

TAX REFORM BILL: 98 operators from Nigeria’s Export Free Zones has raised strong objections to certain provisions of the President Bola Tinubu-led Federal Government’s proposed...

NAICOM,  EFCC COLLABORATES  TO SANITISE INSURANCE SECTOR IN NIGERIA.

The National Insurance Commission (NAICOM) and the Economic and Financial Crimes Commission (EFCC) is set  to strengthening partnership  as a crucial step towards creating...

Most Popular

LOKPOBIRI HAILS PRODUCTION GAINS AT ABIGAIL JOSEPH FPSO, TARGETS 100,000 BPD OUTPUT.

Nigeria's quest to boost crude oil production is making significant strides, as the Abigail Joseph Floating Production Storage and Offloading (FPSO) facility, operated by...

FCCPC ALERTS OF LOW-QUALITY SUGAR IN NIGERIAN MARKETS.

 The Federal Competition and Consumer Protection Commission (FCCPC)  says it has uncovered the availability of substandard and unregistered sugar products in Nigerian markets, particularly...

FG REITERATES COMMITMENT AND RESILENCE TO  DEFEAT BANDITRY AND TERRORISM-BADARU .

The Honourable Minister of Defence , Mohammed Badaru Abubakar  has called  on the Nigerian Airforce to intensify the use of their various platforms to...

TAX REFORM BILL: FREE ZONE OPERATORS REJECT KEY PROVISIONS

TAX REFORM BILL: 98 operators from Nigeria’s Export Free Zones has raised strong objections to certain provisions of the President Bola Tinubu-led Federal Government’s proposed...

Recent Comments