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Customs Rakes in 1.3 Trillion Naira in Q1 2024

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The Nigeria Customs Service (NCS) has announced a staggering revenue generation of 1.3 trillion naira in the first quarter of 2024.

During a press briefing on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, disclosed that this figure represents a substantial increase of 122.35% compared to the same period last year.

Adeniyi noted the NCS’s exceptional performance, citing over 572 seizures with a duty-paid value of N10 billion.

He emphasised the significant milestone achieved by the NCS in exceeding its revenue collection targets, stating that the first quarter’s revenue surpassed the Federal government’s annual target of N5.07 trillion for the NCS in 2024.

“In the first quarter of 2024, the NCS demonstrated remarkable performance in revenue collection,” Adeniyi stated. “Total revenue collected during this period amounted to NGN 1,347,675,608,972.75.”

The Customs boss also revealed that a substantial portion of revenue, amounting to N1.6 billion, was generated through the electronic auction platform launched earlier in the year.

Despite these achievements, Adeniyi acknowledged the challenges posed by fluctuations in the exchange rate regime, which have disrupted the NCS’s activities.

“In the last quarter, a total of 28 rates were directed by the CBN,” Adeniyi explained. “These fluctuations resulted in an average applied exchange rate of NGN 1,314.03 per USD 1 in the clearance of Customs goods during the quarter.”

Adeniyi expressed concern about the impact of these fluctuations on stakeholders, noting that they have affected and disrupted activities.

However, he expressed optimism about the recent relative stability and announced that the NCS, in collaboration with the Minister of Finance, Wale Edun, has initiated periodic consultations with the apex bank to mitigate the potential impact of exchange rate fluctuations on import activities.

 

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NYSC to Increase Corps Members’ Allowance to ₦77,000 Monthly

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The management of the National Youth Service Corps (NYSC) has announced that corps members across the country will soon begin receiving ₦77,000 as their monthly allowance.

 

The Director General of the NYSC, Brigadier General YD Ahmed, disclosed this on Tuesday in Abuja, according to a statement issued by the NYSC spokesperson, Caroline Embu.

 

General Ahmed emphasized that the welfare of corps members remains a top priority for his administration, noting that arrangements for the payment of the new allowance have been finalized.

 

The increase in corps members’ allowances is in line with the recent review of Nigeria’s minimum wage from ₦30,000 to ₦70,000, which was signed into law by President Bola Tinubu in July 2024.

 

This development marks the second major adjustment in corps members’ stipends in recent years. In 2020, the NYSC increased the allowance from ₦19,800 to ₦33,000 following the implementation of the ₦30,000 minimum wage.

 

The latest increment reflects the government’s commitment to improving the living standards of Nigerian youths serving their country under the NYSC scheme.

 

President Tinubu’s signing of the new minimum wage bill in July 2024 came after months of negotiations between government authorities, labor unions, and private sector stakeholders. The adjustment aims to address inflationary pressures and improve the economic well-being of workers across the country.

 

The NYSC has assured corps members of its continued commitment to their welfare and development as they contribute to national unity and service.

 

 

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Unprofessional Conduct: Police Demote Officer, Disband Unit

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The Abia State Police Command has demoted a police corporal, Okonkwo Ebuka, to the rank of constable following his involvement in unprofessional conduct and incivility towards members of the public.

The Command’s Public Relations Officer, Maureen Chinaka, confirmed the disciplinary action in a statement released on Tuesday.

According to her, the demotion was the outcome of an administrative proceeding where the officer was tried in an orderly room and found guilty of discreditable and unprofessional behaviour.

“The Commissioner of Police, Abia State Command, CP Danladi Isa, in alignment with the vision of the Inspector General of Police (IGP) to establish a professionally competent, service-driven, rule-of-law-compliant, and people-friendly police force, has disbanded the Command’s Anti-Cultism Unit for unprofessional conduct and incivility towards members of the public,” the statement read.

It further stated that Corporal Okonkwo Ebuka, formerly attached to the Area Command in Aba but deployed on special duty at Isuochi, was demoted as part of efforts to enforce discipline within the Force.

“The Commissioner of Police emphasized the Command’s zero-tolerance policy for any form of unprofessional conduct among officers that could tarnish the good image of the Force,” the statement added.

The Abia State Police Command reiterated its commitment to upholding professionalism and fostering positive engagement with the public in line with the principles of ethical policing.

 

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Saki Town Mourns as Okere’s Wife, Queen Waliyat, Dies

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Queen Waliyat Olabisi, the second wife of the Okere of Sakiland, His Royal Majesty, Oba (Dr.) Khalid Oyeniyi Olabisi Oyedepo III, has passed away.

She died on Tuesday morning, leaving the people of the ancient town in mourning.

As of the time of filing this report, the cause of her death remains unknown. However, her sudden demise has sent shockwaves across the community.

Many indigenes of Saki have taken to social media to express their grief, sharing heartfelt tributes and condolences for the royal family.

The late Queen Waliyat was celebrated for her elegance and impactful contributions to both the palace and the community.

 

 

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