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Sunday, June 16, 2024
Home Business CUSTOMS CG PROVIDES STRATEGIES FOR MEETING 2024 REVENUE TARGET.

CUSTOMS CG PROVIDES STRATEGIES FOR MEETING 2024 REVENUE TARGET.

The Comptroller General  Nigeria Customs Service Adewale Adeniyi  has  emphasized the need to build trust when collaborating with other government agencies to achieve objectives.
The CG made this known when  briefing  the Revenue Mobilisation and Fiscal Commission (RMFC) on its various activities, procedures, and measures aimed at increasing revenue generation, fiscal efficiency, and blocking revenue leakages in Abuna
The CGC, pleaded  for support from the commission and other agencies, revealed that since his appointment in 2023, the service has taken significant steps in revenue recovery and addressing areas of possible revenue leakages.
He disclosed that there are agencies with legal provisions to stay at the port, and the NCS is actively collaborating with them to streamline processes, ensuring their presence doesn’t hinder trade facilitation.
However, he clarified that the goal is not to assign blame but to reduce the time and cost of conducting business in ports. “Looking at the target of 5.1 trillion naira, every naira and kobo we can collect, block, remit is very important,” he emphasized.
“In two weeks, a Time Release Study will be conducted in collaboration with the World Customs Organization (WCO) and other international partners to obtain a scientific study of clearing cargoes from the port.”
The CGC also announced the upcoming launch of a revenue recovery exercise initiated in 2023, which recovered over 17 billion naira within four months. He assured that the service would implement lessons learned from the beginning of 2024, particularly strengthening the Post Clearance Audit (PCA) Unit.
Addressing challenges, Assistant Comptroller-General of Customs in charge of Tariff and Trade Caroline Niagwan outlined issues contributing to the 2023 shortfall.
In her paper presentation, Chief Superintendent of Customs (CSC) Ekanem Asuquo highlighted NCS’s core functions, the legal framework, and the need to calculate import duties accurately for proper payments.
The Chairman of the Revenue Mobilization Allocation and Fiscal Commission,  Bello Shehu, emphasized the Commission’s role in monitoring NCS activities. He sought NCS support to recover funds, improve revenue mobilization, block leakages, and advise the administration on measures to increase revenue generation for the Federation.
In collaboration with the Service, Revenue allocation and fiscal commission  boss  expressed the Commission’s desire to investigate and recover unremitted funds, enhance training and manpower development, reduce non-compliant waivers, and participate in programs promoting revenue mobilization, such as retreats and workshops.
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