June 24, 2024
11 11 11 AM
AKTH CONSIDERING ALTERNATIVE SOURCES OF POWER GENERATION-CMD
MISCONDUCT: KANO JUDICIAL COMMISSION SANCTIONS 3 MAGISTRATES, REGISTRAR   
NIMC DENOUNCES ALLEGATION OF DATA BREACH: ADVISES NIGERIANS TO AVOID GIVING DATA TO PHISHING SITES
PRESIDENT TINUBU SAYS CIVIL SERVANTS IN DIASPORA STILL EARNING SALARIES BACK HOME WITHOUT FORMALLY RESIGNING WILL BE PUNISHED           
TROOPS APPREHEND FAKE RECRUITMENT OFFICIAL IN TARABA STATE
GOVERNOR ABBA KABIR ORDERS CRACKDOWN ON THUGGERY IN KANO
2 PERSONS HAVE BEEN KILLED IN A FIGHT BETWEEN TWO RIVAL GROUPS IN NIGER
KANO GOVERNMENT ADVICES RESIDENTS AGAINST DRINKING RAINWATER TO PREVENT CHOLERA OUTBREAK
HOUSE OF REPRESENTATIVES CAUCUS DISOWNS MEMBER, SAYS YOU HAVE NO PERMISSION TO SPEAK FOR US                                                                                                                                         
ZAMFARA GOVERNOR FLAGS OFF REMODELLING, UPGRADING AND EQUIPPING OF YARIMAN BAKURA SPECIALIST HOSPITAL, GUSAU             

NCS LOST 1.8 TRILLION NAIRA TO IMPORT DUTY EXEMPTION CERTIFICATE IN 2023- CG                                                 

Share

NCS LOST 1.8 TRILLION NAIRA TO IMPORT DUTY EXEMPTION CERTIFICATE IN 2023- CG                                                                                                         10-12-23

By Sadiq Aminu                                                 The Comptroller General Nigeria Custom Service Mr Wale Adeniyi, says the service lost 1.8 trillion naira in 2023 to import duty exemption certificate (IDEC)

Mr Adeniyi disclosed this when he appeared before the house of representatives committee on appropriation.

According to him, the power of issuing the certificate is vested with the President, delegated to the Minister of finance.

The figure he said, in addition to what the service generated from January to date, would have enable the NCS achieved its target.

Mr Adeniyi however, stated that if handled, there are a number of benefits that Nigeria could derive from it.

“I have seen this well executed in some developing countries, were their customs administration implement IDEC successfully and the benefits are so many in terms of regenerating the economy, interms of creating employment, interms of even tax as well as interms of ensuring that we keep our companies in production.

The Custom boss said the service targets 5 trillion naira revenue in 2024.

The Chairman house committee on appropriation Mr Abubakar Bichi, however charged the service to increase its targeted revenue of 2024 from five to six trillion naira without negative ripple effects on the citizens.

According to him, the ability of the service to achieve 82% of its revenue target in 2023 is proof that it can do more in 2024.

0 0 votes
Article Rating

Leave a Reply

0 Comments
Inline Feedbacks
View all comments
Home
Our Channel
About Us
Contact Us
0
Would love your thoughts, please comment.x
()
x