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Federal government set a revenue generation target of N887 billion for the Service in 2019

Local News

Federal government set a revenue generation target of N887 billion for the Service in 2019

By magic

January 29, 2019

Comptroller-General, Nigeria Customs Service Hameed Ali says the federal government has set a revenue generation target of N887 billion for the Service in 2019.

He assured Nigerians that the figure will be significantly surpassed as the management had earlier set a higher self-target.

Speaking at the opening of the 2019 International Customs Day (ICD) themed: “Smart Border for Seamless Trade, Travel and Transport”, the Customs boss, warned that it would no longer tolerate the incessant killing of its officers by smugglers, vowing to counter such attacks with appropriate force going forward.

Ali said the Service intended to raise its revenue drive by acquiring non-intrusive equipment to boost trade facilitation and urged stakeholders to comply with trade rules.

He said the Customs generated N904.072 billion, N898.673 billion, N1.037 trillion and N1.202 trillion in 2015, 2016, 2017 and 2018 respectively, translating to about N4.042 trillion from 2015-2018.

He advised the federal government to crash the clearance cost of vehicles to dissuade smugglers’ illegal activities.

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