New Telegraph

Reps poised for wholesale reform of Customs operations, says Gbajabiamila

The Speaker of the House of Representatives Femi Gbajabiamila has said the House is determined to implement a wholesale reform of customs and excise operations.

 

Gbajabiamila said this while declaring open a oneday public hearing on the Nigeria Customs Service (establishment) Bill 2021 organised by the House Committee on Customs and Excise chaired by Leke Abejide.

 

According to him, the House needs stakeholders’ support for the legislative process that will strengthen customs operations.

 

He said the bill was the product of a coordinated effort by the House, “working with stakeholders in the sector, to implement a wholesale reform of cus- toms and excise operations in Nigeria”.

 

Gbajabiamila said, “This effort is long overdue, and much needed to address existing challenges with customs enforcement, ports efficiency, smuggling prevention, efficient collection and remittance of government revenue and the proper implementation of government fiscal measures.

 

“Whether or not we will succeed in these objectives depends largely on the stakeholders gathered here today and the contributions you make to the legislative process.”

 

Meanwhile, Speaker said COVID-19 has, among other things, led to a significant decline in global demand for fossil fuels, which coupled with other factors unique to deplete Nigeria’s revenue generation from oil and gas.

 

He said, “This reality is a stark manifestation of the ongoing need to diversify our nation’s economy to improve income from non-oil and gas sources

Read Previous

NAMA moves to help airlines save cost, safety, others

Read Next

Finance minister, stakeholders oppose Customs repeal bill

Leave a Reply

Your email address will not be published. Required fields are marked *