... Plans To Surpass N5.06 Target By 10%
By Rahanetu Abuh
Harboursandports.com: Abuja- November 13, 2024: The Comptroller-General of Customs, CGC, Bashir Adewale Adeniyi, of the Nigerian Customs Service, NCS, has reported that the Service has surpassed its revenue target of N5.06 trillion for 2024, raking in N5.07 trillion as at Tuesday 12, 2024.
Adeniyi revealed this on Wednesday in Abuja during the opening ceremony of the 2024 CGC Conference with the theme "NCS: Engaging Traditional And New Partners With Purpose."
Adeniyi said, “I am pleased to announce that yesterday, 12 November 2024, at exactly ten minutes past one, the NCS hit its 2024 revenue target of NGN 5.07 trillion, with more than a month remaining in the fiscal year.
“This exceptional performance projected to exceed our target by at least 10% validates our partnership-driven approach to revenue collection and trade facilitation.
“The achievement is not merely about numbers; it demonstrates how enhanced stakeholder collaboration, improved processes, and modernised systems can deliver tangible results for our nation’s economy."
He stated that the extensive and ambitious commitment of the service was accomplished through a strong coalition of support. According to him, the strategic partnerships and collaborative methods have produced impressive outcomes in relation to their primary statutory duties.
"Our pledge was comprehensive and ambitious: modernizing our processes through a one-stop solution for cargo alerts, revolutionizing our ICT infrastructure, streamlining examination procedures, and embracing automation for enhanced efficiency.
"We committed to reimagining our free trade zone operations, elevating cargo integrity standards, and expanding our scanning capabilities.
"Above all, we promised to usher in a new era of customs operations - one built on transparency, efficiency, and genuine collaboration with our partners.
"The successful implementation of these measures, and indeed their
expansion beyond our initial commitments, has been possible through a powerful coalition of support: the visionary leadership of His Excellency, President Bola Ahmed Tinubu GCFR; the strategic guidance of the Honourable Minister of Finance and Coordinating Minister of the Economy and Chairman of the Nigeria Customs Service Board, Mr. Wale Edun; the commitment of the Nigeria Customs Service Management team and our dedicated officers and men; and the constructive engagement of our stakeholders, many of whom are here today.
"Together, we have created a more business-friendly trading environment that aligns with President Tinubu's economic transformation agenda while distinguishing our capacity to protect Nigerian citizens from illicit trade."
He described the conference theme as appropriate, particularly in light of the evolving economic landscape, stressing that cooperation among various sectors is crucial because no single entity can address customs challenges alone.
Adeniyi pointed out that the conference sessions would provide important discussions on subjects like revenue collection, trade facilitation, partnerships, and compliance. He highlighted that the insights and experiences of stakeholders are essential for the service to improve its strategies for the coming year, especially as it aims to develop the next generation of customs leaders.
He also added that under his leadership, the Customs has broadened its efforts to promote trade and combat the smuggling of illegal goods, extending its activities both within Nigeria and internationally.
"This past year has seen us not only consolidating existing partnerships but also forging new alliances crucial to our mission. We have deliberately repositioned the Nigeria Customs Service brand, emphasizing our commitment to trade facilitation and demonstrating a more nuanced application of our authority in executing our statutory responsibilities,” he said.
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