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Wednesday 10 January 2024

NCS projects N5.079 Trillion revenue in 2024

   ...set to inaugurate electronic auction (e-auction) platform 

.... generates N3,206 Trillion revenue, seizes 3,806 illicit items worth N16Bn in 2023

ZAINAB JUNAID

In line with government economic objectives for the fiscal year 2024, the Nigeria Customs Service has been allocated a revenue target of NGN5.079 trillion, a move that signifies government's confidence in the Service capabilities and underscores it's important role contributing to the nation's fiscal well-being.

Speaking with journalists at the Service headquarters Abuja, Comptroller General of Customs, Bashir Adewale Adeniyi MFR, disclosed this adding that numerous strategic initiatives and other operational reforms are anticipated to positively impact the Service's performance in achieving the revenue goal.

According to him, numerous strategic initiatives will help poised the Nigeria Customs Service performance in the coming months and these include - "Introduction of Advanced Ruling system, aligning NCS operations with global best practices and meeting the recommendations of the World Trade Organization Trade Facilitation Agreement (WTO TFA). 

"Additionally, inauguration of a Steering Committee on the Implementation of Authorized Economic Operators (AEO) for Compliant Traders underscores our readiness to transition from Fastrack 2.0 to the AEO concept. Engagements with the international community, such as those with the World Customs Organization (WCO), JICA, and Japan Customs, focused on key areas is expected to lead to the implementation of the Customs Laboratory, adoption of geospatial technology, and the conduct of a Time Release Study. Collaborative efforts with the Customs Administration of the Republic of Benin, the revitalization of zonal structures, and integration of Customs institutions into the administrative framework all contribute to NCS's commitment to efficient service delivery and positive stakeholder relationships. 

"The NCS also responded to changes in legislation, engagement with the National Trade Facilitation Committee (NTFC), initiated Corporate Social Responsibility projects, integrated efforts with the Federal Road Safety Corps (FRSC), enhanced personnel welfare programs, and introduced the Work-Life Balance (WLB) initiative. In the upcoming week, the NCS is set to inaugurate an electronic auction (e-auction) platform, strategically designed to enhance transparency in the auction process."

The CGC explained that the collective actions signify NCS's dedication to enhancing staff welfare and sustaining optimal performance.

He further noted that as NCS addresses the challenges and opportunities in 2024, the Service is steadfast in its commitment to implementing these strategies and exploring practical approaches to meet the heightened revenue target. 

"This commitment aligns with the NCS's ongoing dedication to efficiency, excellence, and positive contributions to Nigeria's economic landscape," he says. 

Emphasizing the importance of efficiency and transparency,the Customs Boss noted that "NCS will maintain a zero-tolerance stance towards indiscipline and non-compliance in the year 2024. It is imperative for all officers and stakeholders to adhere strictly to established procedures and regulations. 

"Maximum cooperation is expected from every stakeholder in the customs operations. The success of our collective efforts depends on the discipline and commitment of each member. Let this be a year where every action is aligned with the principles of efficiency, transparency, and revenue optimization with overall aim of contributing meaningfully to the economic prosperity of our nation."  


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