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Senate Contemplates Revenue Boost For Nigeria Customs, Eyes Increased Target Of N5.079 Billion
Senate Contemplates Revenue Boost For Nigeria Customs, Eyes Increased Target Of N5.079 Billion
The Nigeria Customs Service (NCS) is on the brink of a potential revenue boost, with the Senate currently deliberating on raising its target to N5.079 billion. This move, anticipated for the second half of 2024, aims to alleviate the necessity for further borrowing in the country, according to reliable sources…….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
During a meeting with the Comptroller General of the NCS, Adewale Adeniyi, and other high-ranking officials, Senator Isah Jibrin, Chairman of the Senate Committee on Customs, underscored the pivotal role of revenue-generating agencies in enhancing the country’s economic landscape.
Addressing concerns about high unemployment rates, Senator Jibrin emphasized that while Customs plays a significant role, it shouldn’t be the exclusive job provider. He advocated for a balance, suggesting that Customs should only employ a number of personnel it can adequately support, even as there is pressure to exceed the current benchmark of 1,600 employees.
Responding to queries from lawmakers, the CG of NCS disclosed the service’s initiative to seek government approval for granting waivers to owners of smuggled cars, allowing them to regularize their Customs duties payment. He assured lawmakers that individuals with illegally imported vehicles or outstanding duties would have a three-month window to visit the Customs House for assessment and payment.
The CG emphasized that this process would be well-publicized to ensure that those facing such circumstances have ample opportunity to rectify their situation by fulfilling the required duties.
Former Adviser to President Bola Tinubu on Political Matters, Hakeem Baba-Ahmed, has warned that Nigeria is not safe amid rising tensions in Iran.....KINDLY READ THE FULL STORY HERE▶
He recalled that the United States and Israel launched airstrikes on Iran on Saturday, killing the country’s Supreme Leader along with other senior political and military officials.
Speaking on Trust TV, Baba-Ahmed criticized US President Donald Trump’s decision to attack Iran, saying it has unleashed chaos and heightened global instability.
He stated, “Nigeria too is in trouble. We are not safe with what is happening in Iran.
“The world now knows that two days ago, the United States and Israel attacked Iran, killing its leader, top political and military officers, and several other citizens.
“The intention was clearly regime change — either removing Iran’s leadership entirely or allowing its citizens to select a new government.
“Unfortunately, such actions rarely go as planned. What we are seeing now is widespread chaos, a prolonged crisis within and around Iran, and unrest across the globe.”
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Tinubu Shuffles Ministers: President Bola Ahmed Tinubu on Tuesday nominated Mr. Taiwo Oyedele as Minister of State for Finance, replacing Dr. Doris Anite-Uzoka. Anite-Uzoka has been redeployed to the Ministry of Budget and National Planning as Minister of State, marking her third ministerial appointment under the current administration.....KINDLY READ THE FULL STORY HERE▶
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Global Oil Prices Surge: Brent crude jumped above $84 per barrel on Tuesday amid rising Middle East tensions, sparking fears of extended conflict and supply disruptions. As of 7:00 a.m. ET, Brent Crude had climbed 8.36% to $84.24 per barrel.
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DSS Arrest Security Operatives: The Department of State Services (DSS) detained several security personnel linked to the return of former Kaduna State Governor Nasir El-Rufai from Egypt on February 12. Reports indicate the agency attempted to arrest El-Rufai at Nnamdi Azikiwe International Airport, Abuja, but the operation was unsuccessful.
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Lassa Fever Outbreak Worsens: Nigeria faces a rising Lassa fever crisis, with new deaths reported in Taraba, Benue, Plateau, and Edo states. The Nigeria Centre for Disease Control (NCDC) notes a steady increase in confirmed cases, with frontline healthcare workers particularly affected as several doctors and nurses have contracted the virus.
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Naira Depreciates: The Naira weakened on Tuesday, trading at N1,376 per dollar in the parallel market, down from N1,370 on Monday. In the Nigerian Foreign Exchange Market (NFEM), the currency fell to N1,390 per dollar for the second time this week.
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Rivers Assembly Screens Commissioners: The Rivers State House of Assembly has received Governor Siminalayi Fubara’s list of commissioner-nominees and invited nine for screening and confirmation. The submission follows the dismissal of eight commissioners three weeks ago, a move unaffected by the Supreme Court ruling affirming Martin Amaewhule as the Assembly’s authentic Speaker.
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INEC Approves Staff Promotions: The Independent National Electoral Commission (INEC) has approved the promotion of 2,339 personnel in its 2025 Senior Staff Promotion Exercise. The decision, announced by Mrs. Victoria Eta-Messi in Abuja on Tuesday, highlights the commission’s focus on career growth, institutional continuity, and organizational stability.
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Baby Factory Conviction in Ondo: The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) secured 14-year jail terms for Abiodun Ogundeji and Happiness Ogundeji for running a baby factory in Ilutitun, Okitipupa LGA, Ondo State. NAPTIP Lagos Zonal Commander Mrs. Comfort Agboko confirmed the verdict during a briefing in Ikeja on Tuesday.
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Trump Rejects Iran Talks: US President Donald Trump stated on Tuesday that it was “too late” for negotiations with Iran, despite Tehran’s willingness. “Their air defense, Air Force, Navy, and Leadership is gone. They want to talk. I said ‘Too Late!’” Trump posted on Truth Social, two days after previously agreeing to talks amid the ongoing Israeli-US airstrikes on Iran.
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FG Bans Cash Tax Collection and Roadblocks: The Nigerian Federal Government has prohibited cash collection of taxes and the erection of roadblocks for revenue enforcement, under new nationwide tax regulations. Executive Secretary of the Joint Revenue Board, Mr. Olusegun Adesokan, announced this during the signing of the Presumptive Tax Regulations and Guidelines in Abuja on Tuesday.
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The Chairman of Ahoada West Local Government Area, Hon. Eugene Ekpelle, is being accused of assault by his former media aide, Minnie Ogadinma.....KINDLY READ THE FULL STORY HERE▶
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