News
Reps increase Customs’ revenue target to N1.6tr
The House of Representatives yesterday increased the revenue target of the Nigeria Customs Service (NCS) from N1.4 trillion to N1.6 trillion as expected revenue for the 2021 fiscal year.
The House also approved about N257, 183, 671, 694. 71 as budget for the NCS for this year and another N216, 646, 579, 231. 00 as budget for the Federal Inland Revenue Service (FIRS) for the same period.
The House also approved the request from the president to borrow about $1.5 billion and Euro 995 million to finance projects under the 2021 budget.
Presenting the report of the House Committee on Customs and Excise for consideration on the floor of the House, Chairman of the Committee, Rep. Leke Abejide said the Committee consider initial target of ¦ N1.465 trillion given to the service as inadequate and as such increase it to N l.678 trillion based on the fact that the target for 2021 Fiscal year is less than N 1.562 trillion collected in by the service in 2020 despite the COVID-19 pandemic and He said the committee also considered the expanded excisable item to include carbonated drinks, reduction of levy on new vehicles and devaluation of naira that will increase volume of money collected in naira term during the year.
Also approved by the House was the seven per cent cost of collection for 2021 of N111,573,991,091.00.
They also approved that the service should keep two per cent of Value Added Tax (VAT) collected on behalf of the FIRS to be retained by the Customs and another N47,007,935,827.20 intervention Fund from the Comprehensive Import Supervision Scheme (CISS).
The Customs budget include Personnel Cost of N99,719,722,681.71, Overhead Cost of N19,530,769,000.00 and Capital expenditure N137,933,270,013.00.
The House asked the Central Bank of Nigeria (CBN) to, as matter of urgency, procure the four scanners for the NCS, the best scanners manufactures either from Germany or America but not China made scanners.
Also considering the report of the House Committee on Finance, the House approved N216, 646, 579, 231. 00 as budget for the FIRS for 2021.
The budget is made up of N107, 521, 496, 984. 00 for Personnel Cost, N56, 469, 218, 415 .00 for Over Head Cost, and N52, 655, 863, 832. 00 for Capital Project.
The House at plenary also approved request from the President for approval to borrow $1,500,000,000 and Euro 995,000,000.00 to Finance the Priority Projects of the Federal Government.
The Senate had earlier approved the request for the loan.
News
Nigeria Customs Service begins 2025 recruitment [How to apply]
Nigeria Customs Service begins 2025 recruitment [How to apply]
The Nigeria Customs Service (NCS) has announced the commencement of its recruitment exercise, assuring Nigerians that the process is entirely free and fair.
The agency has cautioned the public to be vigilant against scammers who may attempt to exploit unsuspecting applicants during the recruitment period.
Applications are invited for positions in the Superintendent, Inspector, and Customs Assistant cadres as part of the Service’s plan to recruit 3,927 officers in 2025.
This initiative is aimed at enhancing trade facilitation and supporting Nigeria’s economic recovery efforts.
“Our recruitment is entirely free and fair. At no stage do we charge fees. Anyone requesting payment is a scammer,” the agency emphasized, urging applicants to be wary of fraudulent schemes.
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The NCS outlined eligibility criteria, stating that applicants must be Nigerian citizens by birth, possess a valid National Identification Number (NIN), and have no criminal record or ongoing investigations.
Academic qualifications for the three cadres are as follows:
Superintendent Cadre: A university degree or Higher National Diploma (HND) along with an NYSC discharge or exemption certificate.
Inspectorate Cadre: A National Diploma (ND) or Nigeria Certificate in Education (NCE) from an accredited institution.
Customs Assistant Cadre: At least an O’Level certificate (WAEC or NECO).
In addition to these qualifications, the NCS stressed that all applicants must be physically and mentally fit, providing evidence of medical fitness from a recognized government hospital.
Nigeria Customs Service begins 2025 recruitment [How to apply]
News
Tinubu to critics: I won’t reduce my cabinet size
Tinubu to critics: I won’t reduce my cabinet size
President Bola Tinubu on Monday unequivocally responded to critics who described his cabinet as “bloated” by saying he is unprepared to reduce the size of his 48-man cabinet.
“I am not ready to shrink” the size of my cabinet, Tinubu said during a media chat at his Bourdillon residence in the highbrow Ikoyi area of Lagos State.
“I am not prepared to bring down the size of my cabinet,” the former Lagos governor said, arguing that “efficiency” has been at the core of his selection of ministers.
The president also said he has no regret removing the petrol subsidy in May 2023, saying Nigeria cannot continue to be Father Christmas to neighbouring countries.
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“I don’t have any regrets whatsoever in removing petrol subsidy. We are spending our future, we were just deceiving ourselves, that reform was necessary,” he told reporters.
Tinubu appointed 48 ministers in August 2023, three months after his inauguration. The Senate immediately screened and confirmed the ministers. One of the ministers, Betta Edu, was suspended in January while another, Simon Lalong, moved to the Senate.
There were calls for the President to reshuffle his cabinet as many Nigerians have not been impressed by the performance of some of the ministers, especially in the face of unprecedented inflation, excruciating economic situation and rising insecurity.
In October 2024, Tinubu re-assigned 10 ministers to new ministerial portfolios and appointed seven new ministers for Senate confirmation. He also sacked five of his ministers but critics insist that the President’s cabinet remains large, especially with the creation of a Livestock Ministry with a minister.
Tinubu to critics: I won’t reduce my cabinet size
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Tinubu: Food stampede incidents, grave error
Tinubu: Food stampede incidents, grave error
..Don’t publicise gifts distribution if you don’t have enough
President Bola Tinubu has described the recent three stampede incidents during distribution of relief materials to children and others as a grave error.
He told people to be more organised and stay away from giving palliative or publicity of the giving if they had insufficient materials.
He stated this during his first presidential media chat on Monday.
The President said he had been sharing palliatives in his Lagos residence for 25 years without any incident and blamed the recent food stampedes in the country on poor organisation.
A total of 35 children died on December 18 during a stampede that happened at a funfair event in Ibadan, Oyo State.
10 people, including children, also died on December 21 in another stampede at the Holy Trinity Catholic Church in the Maitama district of Abuja during the distribution of palliatives.
Another 22 people were reported dead during a rice distribution event at Amaranta Stadium in Ojika, Ihiala LGA, on the same day.
“It’s unfortunate and very sad, but we will continue to learn from our mistakes. I see this as a grave error on the part of the organisers,” he said.
But the President insisted that the incidents should not dampen the “happiness of the season”.
“It is very sad that people are not well organised. We just have to be more disciplined in our society. Condolences to those who lost members, but it is good to give,” Tinubu said.
“I’ve been giving out foodstuff and commodities, including envelopes in Bourdillon, for the last 25 years, and I’ve never experienced this kind of incident because we are organised and disciplined.
“If you know you won’t have enough to give, don’t attempt to give or publicise it.”
The President compared the situation to food banks in countries such as the United States of America (USA) and Britain, noting their structured approach.
“Every society, even in America, has food banks. They have hungry people. In Britain, they have food banks and warehouses, and they are organised. They take turns m lining up and collect,” he added.
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