Senate moves to increase Custom’s 2024 revenue target

Bisola David
Bisola David
Senate moves to increase Custom's 2024 revenue target

In order to avoid more borrowing for the nation, the Nigerian Senate has notified the Nigeria Customs Service that the agency’s N5.079 trillion income target for 2024 will be reevaluated upward in the latter half of the year.

If approval is given, Adeniyi clarified, people who own cars that were illegally imported or that have not paid their duties would have a window of time—possibly three months to come to Customs House and have their duties assessed and paid.

He stressed that there would be plenty of notice prior to this chance, so that individuals in similar situations may get their cars’ status back to normal by paying the duties.

Adeniyi voiced his shock at the unpredictability of the exchange rate system with regard to the Naira exchange rate.

This message was delivered during a crucial meeting with the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, some senior revenue agency officials and the Chairman of the Senate Committee on Customs, Senator Isah Jibrin,

The Nigeria Customs Service Comptroller General, Adewale Adeniyi, responded to questions from lawmakers by saying that the agency is asking for permission from the government to waive customs duties for owners of illegal automobiles so they may make up lost money.

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