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Senate Alerts Customs of Need for Revenue Drive Increment from 3rd Quarter

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By Eze Okechukwu, Abuja

The Senate has alerted the Nigeria Customs Service (NCS) that the N5.079 trillion 2024 revenue target of the agency will be reviewed upwards from the second half of the year to save the country from further borrowings.

The Chairman, Senate Committee on Customs, Isah Jibrin stated this yesterday at a crucial meeting with the Comptroller General of the Nigeria Customs Service NCS, Adewale Adeniyi and top management of the revenue agency.

He said, “first of all, Nigeria is saddled with a lot of debt obligations and we need to wriggle ourselves out of that trap and one of the ways to do that is internally generated revenue.

Customs is one of the major providers of internally generated revenue and as it is today, we expect them to play one of the major roles in this drive to reduce our debt burden.

“We need to pay off what we are owing now and minimize additional loans we are going to take. Customs is in a very good position, if they are able to block all perceived leakages, they should be able to generate a significant amount of income that will enable Nigeria get out of debt, at least partially.

On concessions given to some sectors of the economy, for example, agriculture, the Kogi East senator said it is for those who are into agricultural services, those who are into solid minerals and those whose services have direct impact on the economy.

“If somebody is bringing agricultural equipment into the economy and you try to take something out of that person in a way of import duty that will discourage the person and that is what we are saying. It is not that anybody took that money or custom compromised in the course of their services.

“Concessions were in the interest of Nigeria to encourage importers who are going into specific areas in the economy. There is a trade-off here between importers and the country, particularly the things you think you are generating.

Talking about the rate of unemployment in Nigeria, which he described as “very high”, Senator Jibrin said “Customs is not the only employer of Labour. They can only employ the number they believe they can adequately take care of and we are putting them under pressure to exceed the 1,600 benchmark.

“We may not get beyond 2000, but for sure, we will get 1,6000 and like we all know, there are so many unemployed Nigerians out there, I will always say, it is difficult for the Nigeria Customs Service to absorb all unemployed Nigerians, but they can only employ those they can.

Answering questions from the law makers, the CG, NCS 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 regularise their payment of Customs duties.

He said the approval is given, within a window, say within 3 months, if you are in possession of vehicles that were illegally imported into the country or that have not paid duties, you have this opportunity to go to Customs House for assessment and payment of duties.

This he said will be done after adequate publicity so that those who find themselves in such a situation can get their vehicles regularised through payment of duties.

On the naira exchange rate, Adeniyi said he is equally pained by the volatility in the exchange rate regime. In fact, even if it stays high and people can predict that this is what it will take me to clear, perhaps it is not particularly too bad, but when it is so volatile, today it is X, tomorrow it is X+10, X+20, it does not make for adequate planning and things like that.

“Correctly, it 8s the mandate of the Central Bank of Nigeria, CBN to fix the rate, either the one we use during the Medium Term Expenditure Framework, MTEF or the one we use for importation or the one used for payment of Customs duties. I have been in discussions with my minister. Perhaps, what you are going to advocate is that there would be a meeting point between authorities of government that are in charge of monetary policy and those in charge of fiscal policies.

“Personally, what I think we can do is to get a spot rate for a period of time. We can agree that for Q,Y 2024 this will be the spot rate for payment of Customs duties; we could say for the first half of the year”, he said.

POLITICS

Ondo 2024: INEC Tasks political parties, Supporters to Maintain Existing Peace 

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Prof. Mahmood Yakubu, National Chairman, Independence National Electoral Commission (INEC) has appealed to political parties, candidates, and supporters to maintain peace during the governorship election in Ondo State.

Yakubu made the appeal while monitoring the 2024 Ondo State Mock Accreditation held on Wednesday across the three senatorial district of the state.

Report says that INEC is scheduled to conduct the Ondo State Governorship Election on Nov.

16, 2024, with 18 political parties to participate in the election.

The INEC chairman, who said that the exercise was part of the commission’s preparation, said the maintenance of peace would enable the commission to conduct a free and fair election.

He also said that the mock accreditation was to further test the functionality of their system.

“In the last election, our machines performed optimally but we can not take that for granted.

“We will ensure that all the polling units open on time so that voters will not come and wait for INEC officials and materials.

“And we have tested the integrity of the machines, it is not the matter of early deployment, but also early accreditation.

“We are doing our best as an electoral commission and others should also do their best, particularly political parties and their candidates.

“I want to appeal to political parties, candidates and their supporters to ensure that they maintain the peace that will enable us to deploy and conclude the process in good time.

“And also to announce the candidate people of Ondo State are choosing as their governor on Saturday,” he said.

Earlier, Mr Usman Isiaka Taiwo, who was accredited at the Ijapo High School, Akure, Ward 4 Unit 41, applauded INEC for the conduct.

“There is no delay in the exercise, and I will come along with my family to cast our votes for the candidate of our choice,” he said.

Also, Mrs Adebimpe Bankole, who was accredited at Alagbaka Primary School, Akure, Ward 5 Unit 18, scored INEC 80 per cent for the mock exercise.

“I am satisfied with the process because I did not waste any time before I did my accreditation.

“I would have given them 100 per cent but I can’t, rather I will give them 80 per cent because they have done well.

“By Gods grace, I will come out on Saturday, Nov. 16 for the election proper to cast my vote,” she said.

The INEC national chairman visited Ijapo High School, Akure, Ward 4 Unit 41; and Alagbaka Primary School, Akure, Ward 5 Unit 18.

Ward 10 Unit 12 in Owena, and Ward 10, Unit 1, Aiyetoro/ Owena, Idanre Local Government Area in Ondo Central Senatorial District, were also visited.

Yakubu also visited two Local Government Area offices of the commission including Ile-Oluji/ Okeigbo in Ondo North Senatorial District. (NAN)

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POLITICS

Atiku’s Claim of Winning 2023 Presidential Election most Comical – APC

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The All Progressives Congress (APC) has said that the claim by Atiku Abubakar, Peoples Democratic Party (PDP) presidential candidate in the 2023 elections, that he did not lose the election but stolen, was most comical.

Mr Felix Morka, the party’s National Publicity Secretary said this, in a statement on Tuesday in Abuja, while reacting to comments made by Abubakar on the outcome of the election.

Abubakar, also a former vice president, on his X handle, stated that he did not lose the 2023 presidential election, claiming the election was stolen from him.

Morka, in his reaction, described Abubakar as Africa’s most infamous presidential election loser, noting that since serving as vice-president, he had lost election to every elected president.

“Six times in the last 17 years, Nigerians have declared their verdict of untrust and lack of sportsmanship on Abubakar’s presidential candidacy, and roundly rejected him at the polls.

“Abubakar’s long record of electoral defeat was serially certified by Nigeria’s highest courts, sealing his rejection by the electorate with judicial and constitutional finality.

“However, a clearly unabashed Abubakar continues to lay a bogus claim that he did not lose the 2023 presidential election. That is beyond comical,” the APC spokesman said.

He said that this was so as the former vice president probably believed that he was cheated out of all previous five presidential elections that he also lost.

Morka added that Abubakar’s inability to come to terms with the reality of his rejection cuts an ominous portrait of extreme and disturbing political desperation.

He added that Nigeria’s intelligent and discerning electorate would not act against their best interest by electing Abubakar into office.

According to Morka, the former vice president is a central and recurrent player in some of our country’s most vile roll call of corruption scandals perpetrated by the PDP administrations.

“He was the vice president in the government that created crooked and viscerally corrupt petrol subsidy hydra-headed dragon that has crippled our country’s economy,

“And laid the foundation for the endemic corruption and inefficiency that have undermined our power sector through the years.

“His desperation to be president can only be understood in the context of his determination to complete the full subversion of Nigeria’s economic life from where he left off as vice president.

“Nigerians will not entrust their country to someone who puts his selfish interest, and the interest of his cronies over and above the national interest,” Morka said.

He added that having demystified himself with his recent release of what he would have done differently if he was the president, showed that he had nothing to offer Nigerians.

Morka added that from Abubakar’s release, it was obvious that all he would had offered was his stale, tired, tested and failed economic ideas that were at polar relevance to the current existential economic challenges facing the country.

He added that the former vice president had a chance to execute whatever economic ideas he may have ever had, but failed to do so.

He further added that as vice president, Abubakar also failed to get his party, the PDP, to do so in all of its 16 years government.

“Abubakar thinks himself capable of fixing Nigeria but cannot fix the rot and hopeless dysfunction in his PDP,” the APC spokesman said.

He urged Nigerians to be steadfast in support of the APC-administration of President Bola Tinubu and valiant efforts to restore vitality to our economy for the good of all Nigerians.(NAN)

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POLITICS

Sule Presents N156.6bn 2024 Supplementary Appropriation Bill to Nasarawa Assembly

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Gov. Abdullahi Sule of Nasarawa State, on Tuesday submitted N156.5 billion supplementary appropriation bill for 2024 fiscal year to the State House of Assembly for approval.Mr Danladi Jatau, the Speaker of the House, announced this during plenary in Lafia.He said that the supplementary appropriation bill would enable the state government to provide the much needed dividends of democracy to the people of the state.

Mr Suleiman Azara, the Majority Leader of the House, moved a motion for the bill to scale first reading which was seconded by the Deputy Minority Leader, Mr Onarigu Onah Kana.
The Assembly read the bill and unanimously passed it through the first Daily Asset recalls that in Dec.
2023, the House approved N199.8 billion budget the for 2024 fiscal year.The supplementary appropriation bill if approved, would take the Nasarawa State Government 2024 budget to N356.5 billion. ( NAN)

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