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  • NIGERIA
    2027 Elections: INEC deploys AI safeguards, explains omission of governorship candidates

    INEC concludes nationwide readiness tour, seeks traditional ruler’s support for peaceful elections

    Taxing, Borrowing the Future Without Building: What has Nigeria’s fiscal authority done for the real sector?

    Tinubu congratulates Flamingos on historic FIFA U-17 Women’s World Cup victory

    Tinubu approves Ibom Deep Sea Port at APC presidential rally

    Tinubu approves Ibom Deep Sea Port at APC presidential rally

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    Nigeria: FCCPC investigates possible exploitation in airfare price

    FCCPC enforces full fortification of vegetable oil, salt

    Nigeria: National Assembly plans boost funding for primary healthcare

    You Survived Suicide? Then, go to jail! 

    Nigeria: ANA rolls out tough measures against financial mismanagement, breach of intellectual property

  • Entertainment

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    Burna Boy, Shakira set to release FIFA World Cup song “Dai Dai”

    • Life
    • Art & Culture
    • LIFE & CULTURE
  • Education
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    Nigeria: FG warns public against unauthorized NTI admissions, cancels 2026 NCE, degree intake

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    Nigeria: UBEC finalises policy framework to unlock education investments

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  • Health
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    • Health and Fitness
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    Election Campaign: Onanuga urges caution in use of AI

    Top oil and gas experts to speak at Realnews 14th Anniversary Lecture Series

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    MultiChoice owner cuts DStv subscription prices in Nigeria, Kenya, Ghana

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    NNPCL, NLNG, Customs, Dangote, others partner with GOCOP for 2026 conference

    Nigeria: FG empowers 70 digital media managers for grassroots outreach

    • CSR
    • Jobs
    • Labour
    • Law
  • News
    Nigeria begins indigenous production of attack drones in partnership with local tech firm

    Nigeria boosts intra-African trade with air cargo arrangement with Rwanda

    Namibia President calls Dangote’s $2.5b energy investment a landmark for Africa’s industrial future

    Nigeria: Minister says evidence based resource allocation, others critical to achieving $1trn economy by 2030

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    • Politics
    • Opinion
  • World
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    • America
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Nigeria Customs vows to end petroleum products smuggling in 2024

by Worldstage News
January 10, 2024
in Finance
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WorldStage Newsonline– The Nigerian Customs Service (NCS) has expressed commitment to end petroleum products smuggling in 2024.

The Comptroller General (C-G) of NCS, Mr Adewale Adeniyi said  in Abuja at a news conference  that the service would block all attempts to smuggle weapons and other contraband into the country.

He said, “Our zero approach towards smuggling, especially that of petroleum products out of the country –  rice, arms and ammunition – would be rigorously enforced.

“ We remain resolute on addressing border management challenges, balancing security concerns with trade facilitation,“ he said.

Adeniyi added that the NCS had conducted vigorous campaign against smuggling and illicit trade in 2023 which resulted in 3,806 seizures of illicit items, including artifacts, antiquities, drugs, food products, and endangered species of flora and fauna, among others.

“Remarkably, we also achieved during this period, a total of 52 convictions, 11 of them specifically linked to illicit trade in animal wildlife.

“This is also a record performance through diligent prosecution of our cases and the successful conviction of some of those criminals that were apprehended,“ the C-G said.

Adeniyi said that the service would continue to sanitise trade activities and strengthen its anti-smuggling strategies, as part of efforts to achieve its 2024 revenue target of N5.7 trillion.

He announced that the service in 2023 generated N3.2 trillion, the highest ever recorded in the history of the NCS.

According to him, this represents 21.4 per cent increase in the revenue generated compared to the same period in 2022.

He explained that their 2023 performance was remarkable given the fact that the NCS recorded revenue shortfall of N532 billion in the first half of 2023.

He however said that the service still has operational challenges in the area of inadequate infrastructure, delay in policy implementation,  social and political factors.

Adeniyi explained that measures such as the establishment of a revenue recovery team, streamlining of enforcement operations and extensive stakeholders engagement were being taken to reverse the operational challenges.

The C-G pledged that the service services would adopt innovative measures and deploy technology in its operations to align with global best practices.

He added that they would revamp the electronic auction platform for more robust operations, prevent infiltration by hackers, and ensure transparency and efficiency.

Adeniyi added that one of NCS strategy in 2024 would be to provide continuous update of the exchange rate to guide personnel in ensuring optimal revenue generation, and adapting to changes in the operating environment.

Tags: Adewale AdeniyiNigerian Customs Service
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