Major Revenue From Customs Comes From South West — Reps c’tte

Major Revenue From Customs Comes From South West — Reps c’tte

Major Revenue From Customs Comes From South West — Reps c’tte

The House of Representatives Committee on Customs and Excuse, says the South West region produces the majority of revenue coming from the Nigeria Customs Service (NCS).

Rep. Leke Abejide,  chairman of the committee, disclosed this at the inauguration of committee members in Abuja on Tuesday.

He said, “NCS is a big institution with a lot of commands, which are divided into Zones A, B, and C, with the southwest falling into the Zone A category.

According to him, most of the revenue comes from Zone A, which comprises Lagos, Ondo, Ekiti, Oyo, Osun, and Ogun in the South West region.

He said Lagos has the highest seaport among the six, adding that Zone B came with Kwara, Kogi, Niger, and the North West, while Zone C fell within Rivers and South East.

According to him, we need to do oversight in these places because we need to approve their budget, we must take a critical look at whatever comes in the budget.

He said the committee worked extra hard in the ninth assembly to ensure the functionality of the NCS, of which he was the chairman.

“I want to assure you that the committee on customs and excise will be steadfast in its pursuit of excellence.

“We will work tirelessly to enhance trade facilitation policies, modernize customs procedures, and foster a conducive economic growth and development environment.”

Abejide said under the new Act, the NCS now had access to increased revenue via a new financing model of four per cent FOB, thus enabling it to operate more effectively and efficiently.

“The new Act also introduces a robust e-commerce system, aligning the NCS with global digital trends and promoting rapid revenue generation and ease of business.

He said another notable milestone of the Act is establishing a clear leadership structure for the Nigeria Customs Service. Arts Forum Enlightens Students on Innovative Digital Tools

He listed the seven areas of focus of the committee, which included oversight of the NCS’s implementation of the new Act, revenue collection, and remittance.

Others were: the cost of collection, export processing zones, training institutions, customs and excise laws, and budget estimates.