Customs, RMAFC Collaborate to Enhance Revenue Generation

Customs, RMAFC Collaborate to Enhance Revenue Generation 

ZAINAB JUNAID 

The Nigeria Customs Service(NCS) has partnered the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) to enhance Nigeria's revenue generation and combat persistent issue of revenue leakages. 

The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, announced the groundbreaking partnership on Tuesday, October 3rd, 2023, at the Service Headquarters, Abuja.

This development tends to align strategies and pool resources to maximize the remittance of accrued revenue to the Federal Government, marking a pivotal moment in Nigeria's financial landscape.

Ag. CGC Adewale appreciated the presence of the Chairman Muhammad Shehu Umar and his delegation at the headquarters and expressed his unwavering commitment to the new collaboration, emphasizing the collective responsibility for minimizing revenue leakages and maximizing remittances.

"It would be a collective responsibility for all of us to come together to minimize revenue leakage and maximize remittance of accrued revenue to the Federal Government."

He also commended RMAFC for their relentless pursuit of solutions to revenue challenges, highlighting the pivotal role this collaboration could play in achieving their shared objectives.

Chairman Muhammad Shehu Umar reciprocated the enthusiasm, congratulated Ag. CGC Adeniyi on his appointment and applauded his acceptance of their partnership proposal. Umar reaffirmed his unwavering support for the CGC's mission to boost revenue generation, echoing President Bola Ahmed Tinubu's emphasis on this vital endeavor.

Umar also praised the Nigeria Customs Service's strides under the leadership of CGC Adeniyi in facilitating trade across the nation, recognizing that these efforts would catalyze increased revenue generation.

The collaboration between the Nigeria Customs Service and RMAFC is expected to promote the nation's finances and mitigate revenue losses, ultimately bolstering Nigeria's economic resilience.

It signifies a united front in the battle against revenue leakages and underscores the commitment of these two institutions to safeguarding Nigeria's financial interests.