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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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Eid-ul-Fitr: Oseni Urges Muslims to Uphold Ramadan Virtues, Calls for National Unity

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As Muslims around the world celebrate Eid-ul-Fitr, marking the end of the holy month of Ramadan, the lawmaker representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Engr. Aderemi Oseni has urged the Muslim faithful to uphold the virtues of Ramadan in their daily lives.

According to a statement on Sunday by his media aide, Idowu Ayodele, the lawmaker congratulated the Muslim Ummah on the successful completion of the month-long fasting and encouraged them to reflect on the values of sacrifice, self-discipline, and devotion to God, which Ramadan represents.

He emphasised that Ramadan is not only about fasting but also about fostering compassion, patience, and love for one another—values he described as crucial for national unity and development.

“As we celebrate this year’s Eid-ul-Fitr, I encourage my Muslim brothers and sisters to continue embodying the noble virtues of Ramadan. Let the spirit of sacrifice, empathy, and community service guide our actions beyond this season,” the statement read.

Oseni, who chairs the House Committee on the Federal Roads Maintenance Agency (FERMA), also underscored the importance of national cohesion, urging Nigerians to work together to promote peace and stability. He called on leaders at all levels of government to implement policies that address economic challenges, security concerns, and infrastructural development.

He further reassured his constituents in Ibarapa East/Ido of his commitment to quality representation, pledging to continue advocating for policies that prioritise their welfare and development.

Oseni also appealed to religious leaders to use their platforms to preach unity and patriotism, stating that Nigeria’s progress depends on the collective efforts of its citizens in fostering tolerance and peaceful coexistence.

“Eid is a time of joy, reflection, and gratitude. Let us celebrate responsibly while remembering to extend kindness to the less privileged. May Almighty Allah accept our prayers and grant our nation lasting peace and prosperity,” he added.

 

 

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Eid-el-Fitr: Oyo APC Chieftain, Oladiran Alabi, Greets Muslims, Calls for Unity

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A chieftain of the All Progressives Congress (APC) in Oyo State and former House of Assembly candidate for Ibadan South-West Constituency I, Hon. Oladiran Alabi, has congratulated Muslims on the occasion of Eid-el-Fitr, urging Nigerians to embrace unity and peaceful coexistence.

In a statement on Sunday, Alabi commended the Muslim faithful for their devotion and sacrifices during the holy month of Ramadan, stressing the need to uphold the values of love, tolerance, and compassion beyond the fasting period.

He said, “The end of Ramadan is a time for reflection, gratitude, and renewed commitment to the principles of Islam. I felicitate with my Muslim brothers and sisters and pray that Almighty Allah accepts their supplications and rewards them abundantly.”

Alabi also emphasised the importance of unity in addressing Nigeria’s socio-political and economic challenges, urging leaders and citizens alike to foster harmony irrespective of religious and ethnic differences.

“Our strength as a nation lies in our unity. It is imperative that we work together to promote peace and development. I call on all Nigerians to prioritise national interest above personal or sectional gains,” he added.

He further urged political leaders to implement policies that would improve the welfare of the people, enhance economic growth, and strengthen security across the country.

The APC stalwart prayed for a peaceful and prosperous Nigeria, wishing the Muslim community a joyous and spiritually fulfilling Eid celebration.

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Tinubu at 73: FERMA House Committee Chair, Oseni Hails President’s Leadership

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Says Tinubu’s policies shaping Nigeria’s future

 

The Chairman, House of Representatives Committee on the Federal Roads Maintenance Agency, (FERMA), Engr. Aderemi Oseni has congratulated President Bola Tinubu on his 73rd birthday, describing him as a transformative leader whose commitment to national development remains unwavering.

In a statement on Saturday by his media aide, Idowu Ayodele and made available to journalists in Ibadan, the lawmaker, who also represents Ibarapa East/Ido Federal Constituency in the House of Representatives, praised Tinubu for his visionary leadership and dedication to Nigeria’s progress. According to him, the President’s political trajectory and governance philosophy have laid the foundation for a more prosperous nation.

“President Tinubu’s contributions to Nigeria’s political and economic development are unparalleled. His leadership has inspired a new era of governance rooted in progressive ideals and economic transformation,” Oseni said.

The lawmaker highlighted the President’s role in fostering democratic growth, strengthening institutions, and implementing key economic reforms aimed at stabilising the nation. He added that Tinubu’s policies, particularly in infrastructure and road rehabilitation, are crucial to Nigeria’s long-term development.

Oseni commended Tinubu for prioritising road infrastructure, stating that a well-maintained road network is essential for economic expansion and national cohesion. He pledged his committee’s continued support in ensuring that FERMA’s projects align with the administration’s Renewed Hope Agenda.

Beyond infrastructure, the lawmaker lauded Tinubu’s economic policies, including efforts to attract foreign investments and promote industrialisation. He expressed optimism that the government’s initiatives would yield tangible results, urging Nigerians to remain patient as reforms take shape.

“As a nation, we must rally behind the President’s agenda for economic recovery. Nation-building is a collective effort, and we must support policies that drive growth, stability, and prosperity,” he stated.

Oseni prayed for the President’s good health and strength, urging leaders across the country to emulate Tinubu’s resilience, strategic foresight, and inclusive governance.

 

 

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