Senate to Increase Customs’ Revenue Target by June 2024


– As Customs Seek Waivers for Owners of Seized Vehicles

– Give 3 Months to to owners of Smuggled Vehicles to Pay Duty

By Innocent Orok

The Senate Committee on Customs and Excise has said that by June 2024, the Committee will increase the Nigeria Customs Service revenue target for 2024. The Customs has N5.05Trillion as target for 2024.

The Chairman of the Senate Committee on Customs, Sen. Isah Jibrin stated this during a meeting with the Comptroller General of the Nigeria Customs Service Adewale Adeniyi and top management of the agency.

Senator Jibrin is emphatic on why revenue-generating agencies must up their game to improve the economy.

On the high unemployment rate, Senator Jibrin states that “Customs is not the only employer of labour. They can only employ the number they believed, they can adequately take care of and we are putting them under pressure to exceed the 16,000 benchmark”.

Responding to questions from the lawmakers, the CG, NCS, Adewale Adeniyi MFR also disclosed that the Service is seeking approval from the government to allow them to give waivers to owners of smuggled cars to allow them regularize payment of their Customs duties.

He disclosed that those in possession of vehicles illegally imported into the country or are to pay duties have a three-month window to go to Customs House for assessment and payment of duties.

This he assures will be done after adequate publicity to ensure that those in such a situation, can get their vehicles regularized through payment of duties.

Channel TV.


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