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NCS Reports ₦1.9trn Revenue Growth, Pursues Exchange Rate Stability with CBN

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The Nigeria Customs Service (NCS) has announced a staggering ₦1.9 trillion increase in revenue over the past year, marking a substantial rise from its previous financial performance.

 

The Comptroller-General (C-G) of Customs, Adewale Adeniyi, disclosed this achievement during a press conference in Abuja on Wednesday, highlighting the Service’s efforts and successes under his leadership.

 

Adeniyi underscored the NCS’s impressive 74% growth in revenue collection, reaching a total of ₦4.49 trillion between June 2023 and May 2024, compared to ₦2.58 trillion in the corresponding period of the previous year.

 

He attributed this remarkable performance to a consistent 70.13% increase in average monthly revenue collection, amounting to ₦343 billion per month, up from ₦202 billion previously. Notably, the first quarter of 2024 alone saw a notable 122.35% surge in revenue collection compared to the same period in the previous year.

 

The C-G highlighted several factors contributing to this success, including the recovery of ₦15 billion through the Revenue Review Performance Recovery exercise, ₦2.79 billion from the regularization of uncustomed vehicles’ documentation within a 90-day window, and ₦1.5 billion from the decongestion of 1,705 overtime containers and 981 vehicles at ports.

 

In a bid to stabilize exchange rates for imports, Adeniyi confirmed that the NCS has commenced collaboration with the Central Bank of Nigeria (CBN). He expressed concern over the disruptive impact of fluctuating exchange rates on business planning, underscoring the necessity of achieving stability in this regard.

 

The C-G also highlighted the NCS’s remarkable improvement in governance performance rankings, noting a significant leap from a lower position to achieving a perfect score of 100%, tying with other top-performing agencies.

 

This transformation, he emphasized, resulted from effective trade facilitation measures implemented over the past year.

 

Adeniyi further detailed operational enhancements, such as the designation of a dedicated export terminal at Lilypond Command, which significantly boosted processing efficiency. Initially managing 317 Single Goods Declarations (SGDs), the terminal now handles 7,464 SGDs, representing 19.49% of the total 38,294 export transactions recorded in 2023.

 

By the first quarter of 2024, this figure had increased to 10,786 transactions, with 29.32% processed through the dedicated export terminal.

 

Regarding anti-smuggling efforts, the C-G reported substantial interceptions, high-value seizures, and numerous arrests, including the confiscation of 63 shipments related to animal and wildlife products valued at ₦566 million.

 

Adeniyi concluded by reaffirming the NCS’s commitment to sustaining these achievements through continued innovation, collaboration, and stringent enforcement measures, ensuring robust revenue generation and trade facilitation across Nigeria’s borders.

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A Legacy of Leadership, Impact – Rep Oseni Hails Ladoja at 80

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Engr. Aderemi Oseni, the lawmaker representing Ibarapa East/Ido Federal Constituency and Chairman of the House of Representatives Committee on the Federal Roads Maintenance Agency (FERMA), has joined prominent figures across Nigeria in celebrating the 80th birthday of former Oyo State Governor, Oba Senator Rasidi Adewolu Ladoja.

In a statement released on Wednesday by his media aide, Idowu Ayodele, Oseni paid tribute to the elder statesman, lauding his resilience, humility, and leadership excellence, while noting his significant contributions to Oyo State and Nigeria as a whole.

“Oba Rasidi Ladoja is not just a former governor but a distinguished leader whose impact transcends political boundaries. His dedication to the development of Oyo State, particularly in education, infrastructure, and rural advancement, has set a governance benchmark that continues to inspire generations,” Oseni remarked.

The lawmaker also emphasised Ladoja’s profound influence on younger leaders, acknowledging his mentorship and unwavering commitment to the welfare of the people.

“As we celebrate his 80th birthday, it is essential to recognise his pivotal role in fostering unity and progress, not only within Oyo State but throughout Nigeria.”

Oba Ladoja, who served as Governor of Oyo State from 2003 to 2007, remains a central figure in Nigerian politics and a staunch advocate for grassroots development. His transition to traditional leadership as the Otun Olubadan of Ibadanland further highlights his enduring connection to the people and culture of Oyo State.

Praising Ladoja’s enduring legacy, he added, “His leadership remains a guiding force, and I am honored to join countless Nigerians in celebrating a life of service, dignity, and achievement.”

Oseni prayed for Ladoja’s continued health and wisdom, saying, “At 80, you continue to inspire us all. May your years ahead be filled with even greater wisdom, peace, and fulfillment as you continue to serve your people and your country.”

 

 

 

 

 

 

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Popular Nigerian Islamic Singer, Rukayat Gawat Passes Away

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Renowned Nigerian Islamic singer, Rukayat Gawat Oyefeso, has reportedly passed away, leaving the entertainment and Islamic communities in mourning.

The news of her passing was disclosed on Tuesday morning by Islamic cleric, Alfa Aribidesi At-Tawdeeh, who took to his Facebook page to share the tragic update.

In his post, the cleric expressed deep sympathy for her family, writing: “Our sympathy goes to the family of Ruqayat Gawat for this great loss! May Allah forgive her shortcomings! RUQAYAT GAWAT IS GONE!”

Confirming the news of her death, a relative of the late singer, Jubril Gawat, who serves as the Senior Special Assistant (SSA) on New Media to Lagos State Governor Babajide Sanwo-Olu, posted on X (formerly known as Twitter). He tweeted, “Indeed we belong to Allah, and indeed to Him we will return.” (Qur’an 2:156).

In a show of solidarity, Sanwo-Olu’s Chief Press Secretary, Gboyega Akosile, also shared his condolences on the platform.

Quoting Jubril Gawat’s tweet, Akosile said: “‘Ina lillahi waina ilaehi rajiun.’ May the Almighty Allah, who is the giver and taker of life, console the family of my dear brothers @Mr_JAGs and @tfk_gawat on the demise of our beloved sister, Rukayat. May Aljannah firdaus be her permanent home. May Allah grant you the fortitude to bear this irreparable loss.”

Rukayat Gawat Oyefeso was a respected figure in Islamic music and was known for her soulful renditions that inspired many within the Muslim community. She was the daughter of the popular broadcaster, Alhaji Rasaq Gawat, who went missing in 2012.

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FG Set to Implement New ₦70,000 Minimum Wage

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The Federal Government has announced that it will implement the new ₦70,000 minimum wage, with effect from July 29, 2024.

This development follows the signing of a Memorandum of Understanding (MoU) between the government and the Labour Union on Friday. The agreement also includes the revision of the salary structure for lecturers, doctors, military personnel, and other civil servants.

The announcement was made in a statement released by the Office of the Head of Civil Service of the Federation (HCSF) and signed by the Head of Information and Public Relations, Eno Olotu.

According to the statement, the committee on civil servant salaries has finalised plans for the implementation of the new wage structure from July 29, 2024.

The revision comes as part of resolutions reached during the committee’s meeting held in Abuja. One key recommendation of the committee is the continuation of the wage award, which the Federal Government had previously discontinued, up until July 28, 2024.

The committee, led by the Head of Civil Service of the Federation, Didi Walson-Jack, noted that the government’s decision was informed by the current economic realities facing the country.

Speaking after the MoU signing, Walson-Jack, who also chaired the committee, commended the members for their diligence in executing the task.

She stated, “Both the Trade Union and the Government have agreed on the consequential adjustments in salaries arising from the new minimum wage of ₦70,000.” She added that all committee members reviewed and signed the MoU, which was then handed over to representatives from both sides.

Walson-Jack described the negotiations as one of the shortest and most peaceful in recent times and confirmed that the signed MoU would now be forwarded to the Federal Government for further action.

In his remarks, the National Chairman of the Joint Negotiating Council, Comrade Benjamin Anthony, who represented the Trade Union, expressed satisfaction with the work done by the committee and lauded the leadership of the HCSF for the smooth conduct of the negotiations.

 

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