• Sun. Jul 14th, 2024

Customs CG Adeniyi Reveals Ambitious 2024 Budget, Aims To Surpass Revenue Targets

The Comptroller-General of Customs, CGC Bashir Adewale Adeniyi MFR, presented the 2024 budget of 706.43 billion naira to the Nigeria Senate Committee on Customs highlighting plans to enhance staff welfare, consolidate ongoing projects, and integrate technology into Customs processes.

Focusing on staff well-being, the CG pledged to boost efficiency through incentives like awards, promotions, and allowances for officers. He expressed determination to exceed the 2024 revenue target of 5.079 trillion naira, aiming for a 27.75 percent increase from 2023.

To achieve this goal, the Comptroller-General outlined strategies such as implementing the National Single Window, streamlining Customs processes, port decongestion, collaboration with other agencies, anti-smuggling operations, ICT integration, capacity building, and stakeholder engagement.

Emphasizing support for local production and food security, CG Adeniyi proposed granting waivers to vehicle owners for timely duty payment. The Customs Service plans to recruit 1,600 personnel in 2024, focusing on junior staff for operational and guard duties, with future recruitment expected.

Acknowledging a 12.62 percent revenue shortfall in 2023 due to factors like CET concessions and cash constraints, CG Bashir expressed confidence in achieving positive results in 2024. Senator Isa Jibrin, Chairman of the Senate Committee on Customs, commended the CG’s progress, assuring support for remuneration and infrastructure to meet the ambitious 2024 targets.

Hyacinth Beluchukwu Nwafor

Hyacinth Beluchukwu Nwafor is a seasoned journalist and the CEO/Founder Belch Digital Communications, publishers of Hybrid News Nigeria.

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