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Home Economy/Technology

Customs fails to meet revenue target of N3trn, Why?

Customs

The Matters Press by The Matters Press
February 3, 2023
Reading Time: 1 min read
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Customs fails to meet revenue target of N3trn, Why?

The Comptroller-General of Nigeria Customs Service(NCS), retired Col. Hameed Ali, says the service did not meet its 2022 revenue target of N3 trillion.

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He said in Abuja on Thursday during an interaction with the media to mark the end of a three day Global Conference organised by the World Customs Organisation (WCO).

Ali said the service had set a target of Three Trillion, One Hundred Billion Naira but was able to generate “Two Trillion, Six Hundred billion, with a shortfall of over Four Hundred Billion Naira.

He said factors like unpredicted stock market and Fiscal Polices of Government such as waivers and concessions led to the shortfall.

The Comptroller-General further said “non-commencement of carbonated drinks tarrif, telecommunications tarrif, among other things, affected actualisation of the service’s target for 2022.”

He said the service was “hopeful that 2023 will be better if all these factors would be put in place.

On the theme of the conference, ‘Enabling Customs in Fragile and Conflict Affected Situations’, Ali said he was disturbed by the spate of insecurity at the borders.

He said besides efforts been made to get officers fully equipped for the job, the service was not resting on its oars to build the capacity of officers, for effective utilisation.

Ali assured that he would do everything his reach to reposition the service.

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