x

FG to stop Nigeria Customs Service from revenue collection

The Federal Government has proposed a legislative framework that would stop the Nigerian Customs Service (NCS) from revenue collection, saying the role was a distraction to the service.

According to the government, the sole responsibility of collecting revenue should be domiciled with the Federal Inland Revenue Service (FIRS) while NCS facilitates trade.

Minister of Finance, Budget and National Planning, Zainab Ahmed, stated this at a one-day public hearing on a bill for an Act to repeal the Customs and Excise Management Act (2004) and the Nigeria Customs Service (establishment) Bill.

The session was organised by the House Committee on Customs. Sponsor of the bill and Chairman of the Committee, Leke Abejide, said the bill sought to rejig the board of customs and excise management with competent and result-oriented technocrats.

Hot this week

FG Assures Fair, Transparent Implementation of New Tax Laws

The Federal Government has pledged that the implementation of...

Nigeria Strengthens Humanitarian and Social Protection Systems with Global Partners

By Israel Adamu, JosNigeria has deepened coordination with international...

Iwobi, Chukwueze Shine as Fulham Fall 5–4 to Manchester City in Nine-Goal Thriller

Nigerian stars Alex Iwobi and Samuel Chukwueze delivered electrifying...

Tinubu’s Priority to Develop Satellite Towns, First in Abuja—Wike

By Joyce Remi-BabayejuThe FCT Minister Barr. Nyesom Wike has...

What Exactly Is an Open Relationship? Here’s a Clear Breakdown

Open relationships allow partners to explore romantic or sexual...

Early Warning Signs of a Heart Attack — and How to Save Your Life in Seconds

Heart attacks can occur suddenly and without warning —...

Defected Rivers Lawmakers Free to Leave PDP — Wike

The Minister of the Federal Capital Territory, Nyesom Wike,...

Davido Pauses AfroNation Performance to Honour Wizkid’s Late Mother

AfroNation attendees witnessed an emotional moment when singer Davido...

FG Assures Fair, Transparent Implementation of New Tax Laws

The Federal Government has pledged that the implementation of...

Nigeria Poised to Lead Africa’s Digital Trade Future — Afreximbank

Nigeria is strategically positioned to drive Africa’s emerging digital...

Related Articles

Popular Categories

spot_imgspot_img