{"id":10597,"date":"2017-01-27T12:05:10","date_gmt":"2017-01-27T11:05:10","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=10597"},"modified":"2017-01-27T12:05:10","modified_gmt":"2017-01-27T11:05:10","slug":"2017-fiscal-year-customs-targets-n900bn-revenue","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/2017-fiscal-year-customs-targets-n900bn-revenue\/","title":{"rendered":"2017 Fiscal Year: Customs Targets N900bn Revenue"},"content":{"rendered":"

As part of its growth plans, the Nigeria Customs Service (NCS) is focusing on a revenue target of between N700 and N900 billion for the 2017 fiscal year even as it justified the recent ban on vehicle imports through land borders.<\/p>\n

The service said the ban was aimed at checkmating the smuggling of arms and ammunition which it said, were concealed in vehicles and ferried into the country.<\/p>\n

NCS\u2019 Comptroller-General, Col. Hammed Ali (rtd), who spoke in Abuja during this year\u2019s World Customs Day (WCO) with the theme: \u2018Data Analysis for Effective Border Management,\u2019 said majority of arms and ammunition in the country were smuggled through vehicles imported through the land borders.<\/p>\n

According to him, besides the primary motive of using the ban as a means of boosting the nation\u2019s economy, another major reason was the need to curb smuggling of arms concealed inside imported vehicles through land borders.<\/p>\n

\u201cIn terms of what we have achieved so far with the ban on vehicles, we are just 26 days on it today . It will take time to really get this thing driven to our stakeholders . But the actual fight is; we want to boost the economy of this great nation by bringing back those monies that are exiting this country and most especially we want to tackle the security of this great country.<\/p>\n

\u201cWe discovered that it is through the importation of these cars that most people smuggle their arms and ammunition. They squeezed them in to these cars and drive into the country. That was why we have proliferation of arms in this country and we can\u2019t allow that to continue.<\/p>

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\u201cApart from economic aspect of it, security is also a fundamental aspect of it,\u201d he said.
\nOn revenue targets, Ali said the Service generated N898 billion from the N937 billion target set for it last year, adding that gir 2017, \u201cwe are looking at between N700 \u2013 N900 billion.\u201d
\nThe budget, he said, \u201chas not been finalised. Until the budget is finalised, we will get the final approval.\u201d<\/p>\n

On the 2016 revenue, he said: \u201cWe never had N1trillion, it was N937 billion. We got N898 billion.
\n\u201cWe are a little bit short but if you appreciate the trading volume you will know that the Nigeria Custom has done extremely well.\u201d<\/p>\n

On the 2017 Customs\u2019 Day celebration, a day set aside by the World Customs Organisation to celebrate Customs worldwide, he said the event equals independence celebration of any country.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

As part of its growth plans, the Nigeria Customs Service (NCS) is focusing on a revenue target of between N700 and N900 billion for the 2017 fiscal year even as it justified the recent ban on vehicle imports through land borders. The service said the ban was aimed at checkmating the smuggling of arms and …<\/p>\n","protected":false},"author":11,"featured_media":9966,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[607],"coauthors":[2392,2393],"class_list":["post-10597","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-ncs"],"yoast_head":"\n2017 Fiscal Year: Customs Targets N900bn Revenue - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/2017-fiscal-year-customs-targets-n900bn-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2017 Fiscal Year: Customs Targets N900bn Revenue - National Wire\" \/>\n<meta property=\"og:description\" content=\"As part of its growth plans, the Nigeria Customs Service (NCS) is focusing on a revenue target of between N700 and N900 billion for the 2017 fiscal year even as it justified the recent ban on vehicle imports through land borders. 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