Customs in Nigeria Claims Sales Prohibition Affects Revenue Generation

06/07/2024 4

Customs in Nigeria Claims Sales Prohibition Affects Revenue GenerationCustoms in Nigeria Claims Sales Prohibition Affects Revenue GenerationNigeria Customs Service (NCS) has noted that the ban placed on the sale of carbonated drinks by the National Agency for Drugs Administration and Control (NAFDAC) is affecting the country’s revenue generation.
The Comptroller-General of NCS, Adewale Adeniyi, stated this at the House of Representatives Committee on Finance revenue monitoring exercise with all the Federal Government owned Ministries, Departments and Agencies (MDAs) on Thursday.
Adeniyi said that the first mandate of the Nigeria Customs Service is revenue collection which statutorily is paid into the Consolidated Revenue Fund of the Federal Government.
He also stated that the revenue generation is set by the agency on a quarterly basis, adding that the revenue generation capacity of the agency is hinged on many extraneous factors.

Written by: bossgmsi

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