Close Menu
Darelasisi OnlineDarelasisi Online
  • Home
  • About Us
  • Top News
  • News
  • Politics
  • Short Stories
  • Entertainments
  • Technology
  • Adverts Rates
  • Contact Us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Who Leads Yorubaland? Ooni And Alaafin’s Supremacy Reignites

May 9, 2025

Diaspora Initiative for Alaafin Coronation Calls for Heightened Security Ahead of Historic Event

March 8, 2025

Sports Development Structure For Nigeria

January 23, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Darelasisi OnlineDarelasisi Online
SUBSCRIBE
  • Home
  • About Us
  • Top News
  • News
  • Politics
  • Short Stories
  • Entertainments
  • Technology
  • Adverts Rates
  • Contact Us
Darelasisi OnlineDarelasisi Online
Home»Business»Border Closure: Customs Rakes In N9.2billion In One Day – Customs CG
Business

Border Closure: Customs Rakes In N9.2billion In One Day – Customs CG

October 3, 20190 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nation – The Comptroller General of the Nigeria Customs Service, Colonel Hameed Ali (rtd) has declared the agency collected N9.2billion in one day as a result of the ongoing partial border closure exercise by the Federal Government.

Ali, who was answering questions from members of the joint National Assembly Committee on Finance in Abuja, said the agency maintains an average revenue collection of N5billion to N6billion on a daily basis.

The customs boss was at the National Assembly on the invitation of the National Assembly joint committee on Finance presently considering the 2020 – 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to both chambers by President Muhammadu Buhari, last week.

He said that most cargoes that used to berth in the Benin Republic and later smuggle their goods into the country are now using Nigerian ports.

Border closure: Customs rakes in N9.2billion in one day – Ali

 

He said the agency’s revenue has not dropped but rather increased as a result of the closure.

Ali said: “When we closed the border my fear was that our revenue is going to drop. To be honest our revenue kept increasing.

“There was a day in September that we collected N9.2billion in one day. It has never happened before.

“This is after the closure of the border and since then, we have maintained an average of about N4.7billion to N5.8 billion on a daily basis which is far more than we used to collect.

“What we have discovered is that most of those cargoes that used to go to Benin (Republic), shipped to Benin, continue and then discharged and smuggled into Nigeria, now that we have closed the border they are forced to bring their goods to either Apapa or Tin Can Island and we have to collect duty on them.

“If that would continue to us it is a welcome situation. As a matter of fact, to answer your question, our revenue has not reduced. As a matter of fact, it is increasing as a result of closing the border.”

Ali also said that there has been a significant reduction in the amount of fuel supposedly consumed daily in Nigeria since the exercise began.

“About 10.2million litres of fuel has now been cut down from what we have been assuming to have been consuming. This 10.2million litres of fuel is always going to across the border.

“The issue here is that there is an incentive because there is a price differential. And that is why our people keep pushing this fuel. If you go to Ilaro today, the filling stations that are there…in Idiroko, there are over 50 tp 60 filling stations in one place and they are close to the border.

“And what we have discovered is that they bring in fuel in the afternoon and in the night they siphon it. They do that every day and this is why we keep saying we are consuming so many litres of fuel every day.”

The National Assembly has summoned the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and the Comptroller General of the Nigeria Immigration Service, Muhammed Babandede, to appear before its joint committee tomorrow by 9 am tomorrow (today).

This was a sequel to the fact that despite having been invited by the Committee, the CBN Governor neither sent a representative nor a letter to explain his absence.

Babandede also did not heed the Committee’s invitation on Wednesday.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

Related Posts

World Bank Approves Fresh $1.57bn Support Fund For Nigeria

September 30, 2024

House Of Reps Ask Dangote To Disclose Cost Of Petrol From Refinery

September 27, 2024

NNPC Roll Out Pump Petrol Prices From Dangote Refinery

September 16, 2024
Leave A Reply Cancel Reply

Top Posts

I am now officially CompTIA Security+ Certified. Am I dreaming?

October 20, 2024275

UK University Expel Nigerian Students, Gives Them Notice To Leave The Country

May 22, 2024209

How God Saved Me From Dare-Devil Ritualists – Jamiu Bankole

September 4, 202472

UK Varsities Face Funding Crisis

May 17, 202467
Don't Miss
Media & Culture

Who Leads Yorubaland? Ooni And Alaafin’s Supremacy Reignites

May 9, 202515 Mins Read

……Scholars Clash Over Ancient Kingdoms’ Records as Traditional and Modern Politics Collide    …

Diaspora Initiative for Alaafin Coronation Calls for Heightened Security Ahead of Historic Event

March 8, 2025

Sports Development Structure For Nigeria

January 23, 2025

Catholic Priest Resigns After 17 Years, Switches To Traditional Religion

January 9, 2025
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us

Dare Lasisi Online is the creation of former Commonwealth Secretariat media intern, writer and UK-based investigative journalist, Dare Lasisi who has been in the business of online journalism for over a decade now. This platform is for ‘Citizen Journalism At Its Best.”

The publisher and web editor of Dare Lasisi Online is a graduate of Geography from the University of Ilorin, Kwara state in Nigeria.

He worked for some years in Nigeria as a newspaper reporter and PR consultant before relocating to the United Kingdom.

Facebook X (Twitter) Pinterest YouTube WhatsApp Telegram RSS
Our Picks

Who Leads Yorubaland? Ooni And Alaafin’s Supremacy Reignites

May 9, 2025

Diaspora Initiative for Alaafin Coronation Calls for Heightened Security Ahead of Historic Event

March 8, 2025

Sports Development Structure For Nigeria

January 23, 2025
Most Popular

I am now officially CompTIA Security+ Certified. Am I dreaming?

October 20, 2024275

UK University Expel Nigerian Students, Gives Them Notice To Leave The Country

May 22, 2024209

How God Saved Me From Dare-Devil Ritualists – Jamiu Bankole

September 4, 202472
© 2025 Dare Lasisi Online. Citizen Journalism At It's Best!
  • Home
  • Politics
  • About Us
  • Adverts Rates
  • Get In Touch

Type above and press Enter to search. Press Esc to cancel.