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NCS HAS ACCESS TO INCREASED REVENUE UNDER NEW CUSTOMS ACT- REPS

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NCS HAS ACCESS TO INCREASED REVENUE UNDER NEW CUSTOMS ACT- REPS

By Sadiq Aminu                                                     The house of representatives says the Nigeria Customs Service now has access to increased revenue under the Newly enacted Nigeria Customs Service ACT 2023.

The Chairman of the house committee on customs Mr Leke Abejide, who stated this in Abuja said this has enabled it to work more effectively and efficiently.

He said the the 10th Assembly now has the rigorous task of ensuring that the new Act is implemented effectively and that it’s full benefits are realized.

The chairman who advocated the Training and retaining of customs officers said the committee will work closely with relevant MDAs as well as stakeholders in the private sector to achieve all set objective of the committee.

“Under the new Act, the NCS now has access to increased revenue via a new financing model of 4% FOB, thus enabling it to operate more effectively and efficiently. The new Act also introduces a robust e-commerce system, aligning the NCS with global digital trends and promoting rapid revenue generation and ease of doing business.

Mr Abejide stated that nother notable milestone of the Act is the establishment of a clear leadership structure for the Nigeria Customs Service.

This according to him is achieved by enabling a career officer, at least at the rank of Assistant Comptroller General as the Comptroller-General of Customs to be appointed by the President of Nigeria.

The committee chairman highlighted the key areas of focus for the committee, which include oversight of the full implementation of the new act, revenue collection and remittance as well as customs and excise laws amongst others.

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