Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Customs target N1tn revenue for 2016

    Customs target N1tn revenue for 2016

    January 27, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp

    27  January 2016, Lagos – The Nigeria Customs Service on Tuesday said it was planning to raise the sum of N1tn as revenue for the Federal Government in the 2016 fiscal period.

    Comptroller-General-of-Customs-Hameed-Ali
    Hameed Ali, Comptroller-General of Customs

    The Comptroller-General of Customs, Col. Hameed Ali (retd) disclosed this to journalists in Abuja on the sidelines of an event to celebrate the International Customs Day.

    He said the service had yet to receive any revenue target from the Federal Government for this fiscal year, but added that the current leadership would continue to ensure that all revenue leakages were blocked.

    The Customs CG noted that the adoption of various electronic measures had assisted in boosting revenue in the last few months.

    He said, “We hope and are working to block all leakages and making sure that our system works perfectly; and hopefully, the policy of government will also be in our favour; we hope to hit N1tn in 2016.

    “The deployment of e-Customs has boosted the Customs role of providing connectivity between nations divided by artificial borders. Collection of revenue and interception of harmful imports have been made easier with the help of technology.

    “In line with the change mantra of the present government, let me remind all operatives and stakeholders alike not to abuse the process and corrupt the system. Any act calculated to distort and compromise the integrity of the e-Customs will not be tolerated and will be met with appropriate sanctions.”

    The Secretary General, World Customs Organisation, Mr. Kunio Mikuriya, said that customs administrations across the globe had been encouraged to promote the use of Information and Communications Technology in order to collect and safeguard customs duties, flow of goods, and secure cross border trade.

     

    • Punch

    Related News

    OPEC Fund commits $1bn in new financing for developing nations

    Nigeria stocks record 12.15% return year-to-date

    NGX Group, SEC pursue capital market diplomacy to deepen Nigeria-China financial ties

    E-book
    Resilience Exhibition

    Latest News

    FG backs Indorama’s expansion drive to boost Nigeria’s gas-based industrialization

    June 18, 2025

    Nigeria to sign 30 investment MoUs with Brazil on energy, agriculture, others

    June 18, 2025

    TotalEnergies, QatarEnergy granted new exploration license for Algeria

    June 18, 2025

    OPEC Fund commits $1bn in new financing for developing nations

    June 18, 2025

    ‘Nigeria to export first gasoline cargo to Asia from Dangote Refinery’

    June 18, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.