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    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    Otedola Sells Geregu Stake To Buy Into Dangote Refinery IPO

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

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    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
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  • Politics
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    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    ‘Career and Motherhood Can Coexist,’ Eugenia Abu Urges Women To Build Families Early 

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Babatunde Adeyemo: Celebrating a Visionary Leader, Philanthropist and Real Estate Champion on His Birthday

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

    Amaka Okeke Denies Affair With Frank Edoho, Threatens Legal Action Against Accusers

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    Tega Breaks Silence Over Alleged Affair With Frank Edoho, Threatens Legal Action

    Frank Edoho Breaks Silence On Alleged Affair Between Ex-Wife Sandra and Singer Chike

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    • Champions League
    • Explore Bali
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    • Grammy Awards
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    Burna Boy Leads Star-Studded Celebration for Grandfather Pa Benson Idonije’s 90th Birthday

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    Davido To Buy Back His Music Masters From Sony, Says Children Will Inherit Royalties

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N5.7trn Customs Revenue, Yet Another Evidence Of Tinubu’s Economic Reengineering – TDF

The Daily Crucible by The Daily Crucible
November 17, 2024
in News
0
N5.7trn Customs Revenue, Yet Another Evidence Of Tinubu’s Economic Reengineering – TDF

 

The Democratic Front (TDF) is thrilled by the heartwarming report that the Nigeria Customs Service has met its revenue target of N5.7 trillion even before the end of the year 2024.

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In a statement signed by its Chairman Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, the group described it as a remarkable feat on the back of efforts by the President Bola Tinubu administration to boost the non-oil sector.

 

It read partly, “We consider this feat remarkable, against the backdrop of the ongoing reforms of President Bola Ahmed Tinubu to improve the operational efficiency of the Nigerian Customs Service, especially in its focus on partnership-driven approach to revenue collection and trade facilitation, as recently confirmed by the Comptroller-General, Adewale Adeniyi.

 

“It is even more exciting for us to acknowledge and commend the Customs Service for exceeding its 2024 projection of N5.1 trillion in 11 months.

 

“We see the feat as partly as a result of President Tinubu’s Port reforms, which metamorphosed into various modernization initiatives, streamlined clearing processes, and enthroned innovative risk management practices in the Nigerian Customs Service.

 

“We are also aware that the Federal Government’s directive on 24 – hour cargo clearance at major ports has significantly reduced cargo dwell time, minimized the risk of demurrage on the part of importers, and shortened the timing for cargo clearance at the ports.

 

“Furthermore, we laud the brilliant idea to introduce the Authorized Economic Operators Scheme into cargo clearance routine in the ports, and the Advance Ruling System, which have offered predictive rulings to stakeholders in engaging port processes and services, coupled with the deployment of non-intrusive inspection technology in managing risks and maintaining stringent control at the Port Terminals.

 

“We are convinced that these are part of the key measures behind the improved revenue generation capacity of the Customs Service under the Tinubu administration.

 

“Based on a careful assessment of the ongoing economic reforms of President Tinubu, we have no doubt that the success recorded by the Customs Service, will be replicated in other high revenue generating bodies like NNPCL, FIRS, NPA, and NIMASA. because the reforms are not only sweeping but also far-reaching and effective.”

 

TDF called on Nigerians to eschew sentiments and support the Tinubu administration in its bid to make Nigeria a better place for all to live.

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