Senate approves N369.04bn budget for Customs in 2022

The Senate, on Wednesday, approved the sum of N369.04 billion as the budget for the Nigeria Customs Service for the 2022 fiscal year.

This was just as it earmarked over three trillion revenue target for the Service in 2022.

The budget approval followed the consideration of a report by the Committee on Customs, Excise and Tariffs.

The report was laid by the Chairman, Senator Francis Alimikhena (Edo North).

Alimikhena, in his presentation, said out of the total expenditure of N369.04 billion (NGN) approved for the NCS in 2022, N108.85 billion is for Personnel Cost; N45.89 billion for Overhead Cost; and N214.30 billion for Capital Cost.

Giving a highlight of the NCS budget, he explained that the service in 2022 would implement the E-Customs project to include the automation of Customs agency licenses and Vehicle Identification Numbers.

He stated that the NCS in collaboration with relevant government agencies would pursue improved internally generated revenue by implementing the 2021 Finance Act.

According to the lawmaker, the excise duty of 6 per cent on telecommunication services and N10 per litre on carbonated drinks is expected to commence fully within the 2022 fiscal year.

Out of the N3.019 trillion revenue target, Import Duty of N1,693,157,559,312.00; Excise Duty N161,695,617,629.00; and N3,717,140,635.00 on Fees and Penalties are expected to be remitted to the Federation Account.

Levies accruing to the Federation Account include CET Levy – N70,178,545,176.00; Wheat Flour levy – N837,418,335.00; Wheat Grain levy – N87,450,026,612.00; 100% Rice levy N15,070,518.00; and 100% Cigarette levy – N1,888,165,554.00.

Revenue accruing to the Non-Federation Account are 7% Surcharge – N76,175,498,801.00; 5% Sugar levy N12,919,481,337.00; 1% CISS – N100,202,094,260.00; 0.5% ETLS – N52,411,346,601.00; 10% Iron/Steel levy – N1,038,736,773.00; Cement levy – N1,108,340,373.00; NESS – N2,797,028,658.00; 35% Automotive levy – N6,576,520,172.00; and Import VAT – N746,964,607,563.00.

Source: DAILY POST

Comments

WHAT A NATION!

WHAT A NATION!!! Not that we came to birth during the wrong time but to the wrong NATION, A Nation where the leaders turn her dilemma to a means of embezzlement, Yeah we are locked down but what are we gonna eat?? Yeah we are locked down how are the children gonna learn?? Yeah we are locked down even givers don't have anything to give beggers, Yes!! Radio lessons for them how many people are aware?? Yes!! social distance is a cure but does that stop us from worships, Worships that are meant for us to ask the only LISTENER we've got, To help us find long lasting solutions to this problem, Is the increasement of the days really the solutions?? The lockdown has turned to something else in our Nation, It's far beyond COVID 19 but Hunger 19, Where are those donations going to? Inside whose pocket? It's no longer prevention but a source for their embezzlement, COVID 19 giving room for corruption 19 and embezzlement 19, Even the so called isolation centre has been turned to

ALMAJIRI IS NOT MEANT FOR ALMS BEGGING

ALMAJIRI IS NOT MEANT FOR ALMS BEGGING. By YUSUF ALHAJI YUSUF Almajiri is a Hausa word that refers to itinerant children in search of knowledge or Quranic education. It is a system of Islamic education practiced in northern Nigeria. Also, it was derived from an Arabic word, rendered "Al-Muhajirun" meaning a person who leaves his home in search of Islamic knowledge. During the precolonial era, Almajiri was formerly called Tsangaya. It was established under the Kanem Borno Empire, one of the oldest ruling empires in the world extending from the frontiers of northern Nigeria across the Chadian region up to the borders of Libya. It was established as an organized and comprehensive system of education for learning Islamic principles, values, jurisprudence and ultimately the recitation and memorization of the glorious Quran which became Islamic learning centres in all Muslim communities. It is a worthy of note that the system that was hitherto organize

Gunmen abduct customs official, 9 others in Kaduna

Bandits have attacked Kofar Gayan low-cost housing estate in Zaria, Kaduna State, kidnapping a customs official, Muawiyya Gambo Turaki, his son Khalifa and eight others. Police spokesman Muhammad Jalige was yet to get details of the incident at the time of filing this report, but residents told The Nation that the bandits invaded the area around 9.00pm on Wednesday. This is the second time Kofar Gayan is attacked in the last six months. In the first attack, the wife of a customs official and another woman were kidnapped, later freed after N15million ransom was allegedly paid. A resident of the community, Yishau Aisha, said, “The abductors were eight in number and came on foot with sophisticated weapons. They struggled to speak Hausa language to us; their language of communication was Fulani. Source: THE NATION

PEN TO THE WORLD

Search This Blog