In response to the country’s rising smuggling and insecurity challenges, the Senate has ordered the Nigerian Customs Service (NCS) to increase its revenue target for 2025 from 6 to 10 trillion naira.
Senator Isah Jibrin, the chairman of the Senate Committee on Customs, made the statement on Monday when the Nigerian Customs Service made its budget defense presentation to the committee.
The committee criticized the government’s tariff policy, which turned out to be the main issue, and expressed regret for the service’s failure to enforce a 4% freight on board (which is the cost of goods).
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The Service made it clear that the Ministry of Finance had authorized them to stop collecting the 4% of the freight on board.
The Minister of Finance will appear before the committee to provide explanations regarding the suspension of the 4% freight on board charges, which the committee’s chairman claims is a lawbreaker.
Source: Channels TV
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