In a bid to strengthen tax management in Nigeria, the Nigeria Customs Service (NCS) and the Joint Tax Board have entered into a Memorandum of Understanding (MOU), signed by the Comptroller-General of Customs, CGC Bashir Adewale Adeniyi MFR, on Monday, 18th March 2024, at the NCS headquarters in Abuja.

The MOU, signed during a courtesy visit by the Secretary of the Joint Tax Board, Olusegun Adesokan, to the Nigeria Customs Service, underscores a commitment to collaboration aimed at enhancing effective tax administration across the country.

CGC Adeniyi highlighted the significance of the collaborative efforts in finalizing the MOU, emphasizing the mutual benefits it would bring to both organizations and the Nigerian economy as a whole.

The primary objective of the MOU is to strengthen strategic collaboration between the Nigeria Customs Service and the Joint Tax Board, laying the groundwork for future initiatives and facilitating the integration of fiscal policies to streamline data management processes.

Expressing his appreciation, Olusegun Adesokan, the Executive Secretary of the Joint Tax Board, commended the foresight of both parties in reaching this milestone. He acknowledged the diligent efforts of the team involved, stating, “The successful signing of the MOU marks a significant achievement resulting from the collaborative meeting held on the 16th of January. I commend the dedication and foresight demonstrated by the team.”

The partnership between the Nigeria Customs Service and the Joint Tax Board is expected to bolster tax revenue generation, promote transparency, and contribute to the overall economic development of Nigeria.