₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,326,385 members, 8,426,292 topics. Date: Sunday, 14 June 2026 at 03:08 AM

Toggle theme

Customs Blames CBN’s Policies As Revenue Falls By N230bn - Business - Nairaland

Nairaland ForumNairaland GeneralBusinessCustoms Blames CBN’s Policies As Revenue Falls By N230bn (10576 Views)

1 2 Reply (Go Down)

Customs Blames CBN’s Policies As Revenue Falls By N230bn by Adesiji77(op): 8:38am On Apr 06, 2016
Comptroller-General, Nigeria Customs Service (NCS), retired Col. Hameed Ali, has said that the service had a revenue shortfall of N230 billion in the last quarter of 2015.
Ali made the disclosure during a Consultative Forum between Customs and the Manufacturers Association of Nigeria (MAN) held at the Customs Training School, Ikeja, Lagos.

He attributed the shortfall to the Central Bank of Nigeria’s (CBN) policies, adding that the service pleaded for sympathetic consideration by the CBN to review the policies.
“Customs had also made progress in getting the necessary approval for clearance of a huge backlog of imports.
“Imports in respect of which forms `M’ were opened before the commencement of the CBN foreign exchange restriction of some imported items.
“Importers of such goods could not finalise Customs clearance due to inability to obtain the Pre-Arrival Assessment Report (PAAR).
“Relief has come for such importers as we (Customs) have secured the go- ahead to waive the formalities and allow them to pay duty,’’ the News Agency of Nigeria (NAN) quotes Ali as saying.

The comptroller-general said that the service had re-organised the Dispute Resolution Units and designated experienced comptrollers to head the units for quick resolution of disputes.
He said that all disputes arising from valuation and classification were now referred to the units for resolution.
Ali said that the service had been receiving complaints about rates of duty and documentation processes which differed from one port to the other.

He said that there was also the issue of different rates among terminals in the same port.
The comptroller-general said emphasis would be on professionalisation of Customs’ jobs, saying that the vision of the management was to build a pool of highly-skilled specialists.
He said specialisation would be in core areas like Valuation, Classification, Rules of Origin, Excise, Enforcement, Customs IT and Investigation.
http://www.dailytrust.com.ng/news/general/customs-blames-cbn-s-policies-as-revenue-falls-by-n230bn/141197.html

Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Abduljohn(m): 8:46am On Apr 06, 2016
Was their no consideration of revenue before the policy? I dont know why blame characterise this government. This isnt helping the masses at all
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Flexherbal(m): 8:57am On Apr 06, 2016
Abduljohn:
Was their no consideration of revenue before the policy? I dont know why blame characterise this government. This isnt helping the masses at all
Exactly my point.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by ichidodo: 11:50am On Apr 06, 2016
bull...
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by seyema(m): 11:51am On Apr 06, 2016
And the blame game continue..... I dnt why every sector in this government keep blaming one person or the other for their failure
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by ayusco85(m): 11:52am On Apr 06, 2016
Since this regime came to power, there hasn't been any cheering news worth been hopeful Dat Nigeria is moving forward. It's always one bad news or the other.

Buhari is truly a dull@rdd of the first order. He shld be impeached with immediate alacrity, or sell Nigeria to China.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by HIGHESTPOPORI(m): 11:52am On Apr 06, 2016
Nigeria matter don tire Person!
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by bedspread: 11:52am On Apr 06, 2016
APC BLAME GAME CONTINUES....
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by steppin:
Hahahaha! Wailers everywhere! The form is no longer for free.
Omojuwa collected the last free form.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by helphelp: 11:53am On Apr 06, 2016
As long as importation is being frustrated

Customs revenue will suffer
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by sammyj: 11:53am On Apr 06, 2016
cool
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by TANTUMERGO007(m): 11:53am On Apr 06, 2016
grin SUPER EAGLES blame PDP for not qualifying cheesy
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Nobody: 11:53am On Apr 06, 2016
What happens when you let the fight for corrupt cloud your judgement
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by SSPX(m): 11:53am On Apr 06, 2016
when a dullard is in power
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by otunbashonny(m): 11:54am On Apr 06, 2016
Nothing is working right. Yhuh?
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by worlexy(m): 11:54am On Apr 06, 2016
Haha. What's happening to this country?
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by ademoladeji(m): 11:54am On Apr 06, 2016
grin grin grin I VOTED FOR CHANGE grin grin grin


shocked shocked shocked shocked shocked shocked I HAVE SEEN THE CHANGES shocked shocked shocked shocked shocked shocked shocked
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by banme1(m): 11:54am On Apr 06, 2016
Wailing form is no longer available pls.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by freshvine(f): 11:54am On Apr 06, 2016
These bunch of idiooots at the helm of this government should be castrated.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Nobody: 11:54am On Apr 06, 2016
SAI BABA BUHARI
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by BarryX(m): 11:55am On Apr 06, 2016
But Buhari is growing the reserves and blocking leakages using TSA.

Abi TSA never reach customs ni?

#justsaying
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by comradee1248: 11:55am On Apr 06, 2016
True talk let the wailers wail
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Olukat(m): 11:56am On Apr 06, 2016
"Blame" seems to be the main fiber of this madness going on sad sad sad
What policy? is that responsible for the fuel shortages too?
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by nosypat(m): 11:58am On Apr 06, 2016
Everyday I go through news headlines looking for that glimmer of hope in this cloud of uncertainty and despair but I end up dampened more in spirit. Even hope has become a scarce commodity in Nigeria.
A nation of paradox.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by chigoizie7(m): 12:03pm On Apr 06, 2016
Because mosquito is entering your room through the door, u just locked it permanently without opening th window or fixing mosquito nets, forgetting that u will suffocate once u lack oxygen.

APC is just supper clueless
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Nelkoko: 12:04pm On Apr 06, 2016
Abi u siphone d money

Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by tonquendo4u(m): 12:06pm On Apr 06, 2016
steppin:
Hahahaha! Wailers everywhere! The form is no longer free.
Omojuwa collected the last free form.
FOOL
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by chuose: 12:07pm On Apr 06, 2016
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by clefstone(m): 12:10pm On Apr 06, 2016
If u miss GEJ, click like...........


Meanwhile;


The biggest mistake any fool can make is to assume that stealing is not ongoing in the present govt. If the present custom isn't corrupt, one would expect a rise in their revenue or at least a maintenance of the performance of the previous quarter since the plugging of leakages will cushion the effects of forex drop.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by steppin: 12:10pm On Apr 06, 2016
tonquendo4u:
FOOL
Just like your father!
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by 989900: 12:10pm On Apr 06, 2016
You can't eat your cake and have it.
Re: Customs Blames CBN’s Policies As Revenue Falls By N230bn by Dee60: 12:11pm On Apr 06, 2016
s
1 2 Reply

Customs Generated N898bn As Revenue In 2016Banking Sector Profit Falls By 28% – ReportJumia Posts EUR35.4 Million Loss, Revenue Falls By 56%234

Where Can I Get A USA Virtual Bank Account For Paypal Verification?Happy 54th Birthday To Tony ElumeluWhat's Happening To Inter Bank Transactions?.