President Bola Ahmed Tinubu has again assured the Nigeria Customs Service (NCS) of more supports in its modernization and reform efforts for optimum performance.
The President’s assurance became necessary as the NCS announced that it collected N5.07 trillion revenue as of Tuesday,, 12 November, 2024. Speaking on Wednesday while declaring open the 2024 Comptroller-General Of Customs Conference held in Abuja, Tinubu emphasized the importance of a robust and efficient Customs Service in driving economic growth and ensuring national security. Represented by the National Security Adviser, Nuhu Ribadu, Tinubu also praised customs performance in revenue generation, noting that the improvements have strengthened the government’s ability to finance essential national development projects. He said, “We will continue to provide the necessary policy backing and enablement required to strengthen the Service’s capacity to deliver on its mandates.” While appraising the several reforms of the NCS which includes the Advanced Ruling system and the Authorised Economic Operator Program, Tinubu said that the initiatives align with global best practices and reveal agencies ways of innovatively implementing solutions that advance national economic objectives. He added that such reforms enhance trade facilitation and create a more predictable business environment that supports the nation’s broader financial goals. President Tinubu said the theme; “NCS Engaging Traditional and New Partners with Purpose.” reflects his administration’s broader vision of fostering strategic partnerships and collaborative approaches to governance and economic management. “While these results are encouraging, they represent only the beginning of what we can achieve through focused institutional reforms and alignment with national objectives.” Earlier in his welcome address, Comptroller General of Customs, Adewale Adeniyi said the revenue collected exceeded its target for the year by 10 per cent. “Today, I stand before you to demonstrate how our 2 min read President Bola Tinubu has reaffirmed the federal government’s commitment to supporting the Nigeria Customs Service (NCS) in its modernization and reform efforts. The President’s assurance comes as the NCS announced that it collected N5.07 trillion revenue as of Tuesday,, 12 November, 2024. Speaking on Wednesday while declaring open the 2024 Comptroller-General Of Customs Conference held in Abuja, Tinubu emphasized the importance of a robust and efficient Customs Service in driving economic growth and ensuring national security. Represented by the National Security Adviser, Nuhu Ribadu, Tinubu also praised customs performance in revenue generation, noting that the improvements have strengthened the government’s ability to finance essential national development projects. He said, “We will continue to provide the necessary policy backing and enablement required to strengthen the Service’s capacity to deliver on its mandates.” While appraising the several reforms of the NCS which includes the Advanced Ruling system and the Authorised Economic Operator Program, Tinubu said that the initiatives align with global best practices and reveal agencies ways of innovatively implementing solutions that advance national economic objectives. He added that such reforms enhance trade facilitation and create a more predictable business environment that supports the nation’s broader financial goals. President Tinubu said the theme; “NCS Engaging Traditional and New Partners with Purpose.” reflects his administration’s broader vision of fostering strategic partnerships and collaborative approaches to governance and economic management. “While these results are encouraging, they represent only the beginning of what we can achieve through focused institutional reforms and alignment with national objectives.” Earlier in his welcome address, Comptroller General of Customs, Adewale Adeniyi said the revenue collected exceeded its target for the year by 10 per cent. “Today, I stand before you to demonstrate how our commitments in 2023 have evolved into tangible achievements. “The pledge was comprehensive and ambitious- modernizing our processes through a one-stop solution for cargo alerts, revolutionising our ICT infrastructure, streamlining inspection procedures, and embracing automation for enhanced efficiency. “We committed to re-aligning our free trade operations, elevating cargo integrity standards, and expanding our scanning capacities. “Above all, we promised to usher in a new era of customs operations. One built on transparency, efficiency and genuine collaborations with our partners. “I am pleased to announce that as of yesterday, November 12, 2024, the Nigeria Customs Service has hit its 2024 revenue target of N5.07trn. “A total of N5, 079, 455, 88, 194, 38tn as of Tuesday has been collected. “This expected performance projected to exceed our target by 10 per cent validates partnership-driven approach to revenue collection and trade facilitation. Adeniyi expressed optimism about the service’s capacity to achieve more for the economy. Speaking on the service’s strides in trade facilitation, Adeniyi noted that six beneficiaries of the Authorised Economic Operators programme have been carefully selected. He added that 21 requests have been processed under the Advance Ruling programme aimed at fostering quicker customs decision-making on import and export cargoes prior to their arrival at the ports.
