Tuesday, January 21, 2025
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

THIRD-PARTY MOTOR INSURANCE : ENFORCEMENT OF BEGINS FEBRUARY 1- IGP.

The Inspector General of Police,  Kayode Egbetokun, has announced that  February 1, 2025,  third-party motor insurance will be fully enforced across the country. The IGP...

BADAMASI LAWAL EXTENDS CHRISTMAS GREETINGS TO NIGERIANS AND CHRISTIANS.

The National Coordinator and Chief Executive Officer of the National Social Investment Programme Agency (NSIPA), Associate Professor Badamasi Lawal has extended heartfelt Christmas greetings to...

FCCPC CAUTIONS AIR PEACE AGAINST OBSTRUCTING ONGOING INQUIRY ON EXPLOITATIVE TICKET PRICING .

The Federal Competition and Consumer Protection Commission (FCCPC) has warned Air Peace against obstructing the ongoing inquiry into alleged exploitative ticket pricing among other...

Most Popular

MINISTER OF PETROLEUM RESOURCES  COMMISERATES WITH NIGER STATE OVER TANKER EXPLOSION TRAGEDY

The Honourable Minister of Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has expressed profound sympathy with the Government and people of Niger State following the...

NPF WRITES AMNESTY INTERNATIONAL, DEMANDS APOLOGY, RETRACTION OF FALSE PUBLICATION ON END BAD GOVERNANCE PROTEST.

NPF WRITES AMNESTY INTERNATIONAL, DEMANDS APOLOGY, RETRACTION OF FALSE PUBLICATION ON END BAD GOVERNANCE PROTEST. The Nigeria Police Force has demanded an immediate retraction and...

ZAMFARA AIRSTRIKE: NAF BEGINS INVESTIGATIONS.

ZAMFARA AIRSTRIKE: NAF BEGINS INVESTIGATIONS. Following the  incidence of civilian casualties in the recent Nigerian Air Force airstrikes in Zamfara State, the Chief of the Air...

CRIME PREVENTION: IGP ORDERS COMMANDS, FORMATIONS FOR NEW YEAR STRATEGIC ACTION PLAN TOWARDS EFFICIENCY, CRIME REDUCTION.

In a proactive move to bolster public safety and enhance operational efficiency, the Inspector-General of Police, Kayode Adeolu Egbetokun, has issued a comprehensive directive...

Recent Comments