Nigeria Customs amendment bill scales second reading in House of Reps

Nigeria Customs amendment bill scales second reading in House of Reps

 

The Nigeria Customs and Excise Management amendment bill has scaled second reading in the House of Representatives.

The bill which sought to overhaul the existing Act was sponsored by Leke Abejide (ADC-Kogi) at the plenary on Tuesday.

Leading the debate on the bill, Abejide said that the need for a holistic overhaul of Customs and Excise legislation cannot be overemphasised in view of its contribution to fiscal and national policy development. He said the Customs and Excise Act has not been updated since 1958.

“You will agree with me that in today’s competitive world, the Act, its regulations, and its operational guidelines are archaic, obsolete, and no longer in tandem with modern day challenges, and this has unfortunately reduced measurably the accruing revenue against the volume of trade.

“This exercise is noticeable in the following areas of collation of all Customs and Excise Legislations into a single compendium of Customs and Excise Act to facilitate easy reference and easy knowledge-driven customs and excise policies.

“This Act will position the Nigeria Customs Service to be financially stable in order to recruit the required number of officers they need to man our porous border stations.

“The Nigeria Customs service recently has 15,349 officers instead of 30,000 officers needed for the service to function optimally. The current seven per cent cost of collection from duties payment is not enough to pay salaries of officers, not to talk of improving the infrastructures.

For this reason this bill provides for additional funding system based on four per cent in line with international best practice, to address funding problems. This will also help to reposition the service for improved efficiency and service delivery,” he said.

The lawmaker stressed the need for a stiffer penalty for offenders to act as deterrence for serious economic crimes of customs and excise oriented, thereby encouraging more revenue in the area of fine payment.

Abejide said that the amendment bill was targeted at eradicating problems of corruption, fraud and malpractices in the service.

The Speaker, Femi Gbajabiamila, referred the bill to the House Committee on Customs and Excise for further action.



Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.

..