The Nigeria Customs Service (NCS) has reaffirmed its commitment to enhancing governance and improving operational efficiency in government-owned enterprises. This was the focus of a roundtable discussion held on February 6, 2025, at the NCS Headquarters in Maitama, Abuja.
The event brought together prominent stakeholders from the military, paramilitary, and financial sectors to explore best practices for managing government-owned companies. Among the key participants were the Comptroller-General of Customs (CGC), Adewale Adeniyi, his management team, representatives from the Ministry of Finance, senior officials from the Nigerian Air Force, and board members of various state-owned enterprises. Distinguished guest speakers included Rear Admiral Suleiman Abdullahi, Air Vice Marshal Mohammed Umar (Rtd.), Professor Peter Akper, SAN, and Christopher Ekwozor, Managing Partner of Anaebonam Ken & Co.
In his keynote address, CGC Adeniyi stressed the significance of corporate governance, financial independence, and operational excellence in driving the success of government-owned enterprises. He highlighted the Nigeria Customs Service’s four subsidiary companies, which contribute to economic growth, job creation, and improved service delivery.
“We are gathered here to examine the operational structures, corporate governance practices, and financial realities of government-owned enterprises. By sharing experiences and identifying challenges, we can develop actionable solutions to foster growth and efficiency,” CGC Adeniyi stated.
Air Vice Marshal Mohammed Umar (Rtd.) shared his expertise on the evolution and management of military-owned enterprises, citing successful initiatives such as Engineering and Technical Services Limited and the Nigerian Air Force Investment Company Limited.
Rear Admiral Suleiman Abdullahi, a former Director of Logistics and Defence Administration, addressed the challenges faced by government-owned companies, emphasizing the importance of balancing government oversight with business autonomy. “A clear understanding of the legal and structural frameworks of these companies is crucial for their sustainability and growth,” he remarked.
The discussions also highlighted the need for greater collaboration among security agencies, government-owned businesses, and relevant stakeholders to enhance operational standards and profitability. Participants agreed on the importance of aligning these enterprises with robust governance structures to ensure their viability and impact.
In his closing remarks, Smart Akande, Esq., the NCS Director of Legal Services, expressed appreciation to CGC Adeniyi for spearheading the initiative and commended the speakers and participants for their invaluable contributions. “Your insights have provided a clearer roadmap for achieving operational excellence in government-owned enterprises,” he said.
The roundtable concluded with a shared resolve to strengthen governance frameworks, improve operational efficiency, and position government-owned enterprises as key drivers of Nigeria’s economic development.