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N606 billion Was Shared Among Nigerian Govt, States And local Councils For April.

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states Nigerian Govt allocation N606 billion local Councils

N606 billion Was Shared Among Nigerian Govt, States, And local Councils For April.

N606 billion was shared among Nigerian govt, states, and local councils on Friday as federal allocation for the month of April 2020.

At the end of the online meeting of the Federal Accounts Allocation Committee (FAAC) in Abuja, the details of the allocation were contained in a Secretariat report released by the office of the Accountant General of the Federation.

Mahmoud Isa-Dutse, the Permanent Secretary, Federal Ministry of Finance, Budget, and National planning presided the meeting.

The communique showed the allocation included revenue from the Value Added Tax (VAT) collection, Exchange Gain, Solid Mineral Revenue, Excess Bank Charges, and Excess Crude Oil Revenue.

The breakdown of the allocations showed the federal government received about N169.831 billion, the states N86.140 billion, local government councils N66.411 billion, while the oil-producing states received N32.895 billion as derivation (13 percent Mineral Revenue).

The report said the cost of collection for the Federal Inland Revenue Service (FIRS), Department of Petroleum Resources (DPR), and Nigeria Customs Service (NCS) Refund; as well as allocation to the North East Development Commission and Transfer to Excess Oil Revenue was N15.134 billion.

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The Federation Accounts Allocation Committee (FAAC) said the gross revenue available from the Value Added Tax (VAT) for the month was about N94.495 billion as against the N120.268 billion distributed in the preceding month, a decrease of about N25.772 billion.

The distribution showed the federal government got N13.182 billion, the states N43.941 billion, while local government councils got N30.758 billion.

The distributed Statutory Revenue of N370.411billion received for the month was lower than the N597.676 billion received for the previous month by about N227.265 billion.

This showed a predicted trajectory of decline in revenue accrual as a result of the continued ravaging impact of the coronavirus pandemic on the global economy, particularly the international crude oil market.

The communique also revealed that Petroleum Profit Tax (PPT), Companies Income Tax (CIT), Import and Export Duties, Oil and Value Added Tax (VAT), all recorded decreases.

No details of the decreases were provided in the communique.

The total revenue distributable for the current month (including the cost of collection to NCS, DPR, and FIRS) according to the committee is N606.196 billion.

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Customs Corner

Chairman House Committee on Customs and Excise Inspects NCS Facilities in Abuja

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Commends CGC Adeniyi’s Tremendous Leadership Skills

Author: Abra Iruoghene.

The Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, took the Chairman House Committee on Customs and Excise on an oversight visit to Customs Facilities at the Federal Capital Territory on Wednesday, 15 July 2024.

Represented by the Deputy Comptroller-General of Customs and Commander, Training and Doctrine Command, Gwagwalada, Suleiman Bomai, the Comptroller-General of Customs, Adewale Adeniyi, extended his appreciation to the House Committee on Customs and Excise for their continuous support and dedication to NCS.

Speaking further, Adeniyi disclosed the importance of collaboration between the legislative and the executive arms of government. He said, “NCS has a remarkable way of achieving its objective by equipping officers with the necessary skills and knowledge to meet the economic challenges of Customs administration in the twenty-first century. The Command and Staff College, Gwagwalada, is committed to providing world-class training and professional development for our personnel”.

He said, “The students of the College have witnessed firsthand education and professionalism. NCS has also made impeccable strides by enhancing their personnel capacity in securing the nation’s border, facilitating legitimate trade and generating revenue for the national economy. ”

Bashir described the Chairman’s tour of the facilities, which includes the new NCS’ Cooperate Headquarters, Customs Hospital, Karu, NCS Federal Capital Territory command, Customs Technical Hanger Services Limited, NCS Hotel and Nigeria Customs Command and Staff College, Gwagwalada, as one that will be remembered and cherished by the Service.

The Commandant of the Command and Staff College, Gwagwalada, Assistant Comptroller General of Customs Kingsley Egwuh, said 1,500 officers of junior and senior staff courses have graduated since the college’s inception. He stated the College has also produced 96 members of directing staff who attended the Senior Course and were exemplary in learning and character and were retained as lecturers in the College for two years.

He highlighted that the College has successfully posted and facilitated various programmes and workshops, which include the Time Release Study, Advance Ruling, Operation Whirlwind and many others.

Furthermore, Comptroller Olu Adebisi, the Customs Area Controller, Federal Capital Territory (FCT), Area Command, during the visit, revealed that the Command had surpassed their ‘half of the year’ revenue target of 6 billion naira and was able to bring some manufacturers under excise control.

The Chairman House Committee on Customs and Excise, Hon. Leke Abejide, applauded CGC Bashir for his immense leadership skills and his achievements within a short period of time,

He said, “Customs is well organised and disciplined, the professionalism and Corporate Social Responsibility shown in the hospital is amazing. We are making provisions for Customs’ Primary Healthcare Centers to be built nationwide. Also, two years from now, NCS will have a University”. He added.

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Customs Corner

Customs MMAC Generates N80.35B Revenue in 6 Months

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Author: Lucy Nyambi

 

The Nigeria Customs Service, Murtala Muhammed Airport Command (MMAC), has generated revenue to the tune of N80,351,299,068.00 between the period of January to June 2024.

The Customs Area Controller (CAC), Comptroller Michael Awe, during a press briefing at the command on Tuesday, 23 July 2024, said the revenue collected depicts a 107.5% increase.

 

In his words, “The Command from January to June 2024 was able to collect a total duty of Eighty Billion, Three hundred and Fifty-One Million, Two Hundred and Ninety-Nine Thousand and Sixty Eight Naira Only (N80,351,299,068.00) on Customs duty and other charges.”

“In comparison to the revenue collected in the same period in 2023, the revenue stood at Thirty-Eight Billion, Seven Hundred and Seven Million, Fifty-four Thousand, Two Hundred and Sixteen Naira, Forty Four Kobo only (N38,707,054,216.44). This clearly shows a progressive difference of Forty-One Billion, Six Hundred and Forty-Four Million, Two Hundred and Forty-Six Thousand, Eight Hundred and Fifty Naira, Fifty Six Kobo only (N41,644,246,851.56) depicting 107.5% increase”, the CAC explained.

 

According to Comptroller Awe, the difference recorded was made possible as a result of the resilience of officers in ensuring that agents were made to make proper declarations and to adhere strictly to import/export guidelines in tandem with extant laws.

 

On Anti-Smuggling, the CAC stated that officers and men of the command are not resting on their oars in enforcing government fiscal policies and trade regulations as seizures of illicit drugs, arms and ammunition, among other contraband items with a Duty Paid Value (DPV) of N6,064,987,480.27 were recorded.

 

“The command made the following seizures of 5 packages of 250mgs of Tramadol, 12 packages of 225mg of Tramadol, 1 package of fifty round 9mm live ammunition, 46 packages of dried sea cucumbers, 3 packages of dried donkey male genitals, 55 pieces of Jojef Tomahawk semi-automatic rifles.”

 

“These items were seized mainly because of various forms of infractions which range from false declarations, non-adherence to import/export guidelines and failure to comply with other extant regulations as enshrined in the Nigeria Customs Service Act (NCS Act) 2023”, he explained.

 

Speaking further, the CAC said the Command also recorded the export of goods worth N266,655,113.66K within the period under review, with an FOB value of $204,597.07.

 

The Customs Area Controller reiterated the Command’s commitment to sustain and improve upon revenue generation in the second half of 2024.

 

Comptroller Awe sought the continuous cooperation of all stakeholders and assured them of the Command’s commitment to promoting ease of doing business and trade facilitation.

 

He appreciated the Officers and Men of the Command for their dedication to the noble course of combating smuggling. He encouraged them to always adhere strictly to the rules of engagements while discharging their statutory duties.

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Customs Corner

Nigeria Customs Poised for Increased Economic Activities at Lagos Free Trade Zones

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…As LFTZ Command Records N138B in 6 months

Author: Lucy Nyambi.

The Nigeria Customs Service has expressed its readiness to handle Increased Economic Activities at the free zones in Lagos, as well as the Lekki Deep Sea Port.

Speaking during his familiarisation tour of the Lekki port and the free zones on Monday, 22 July 2024, the Zonal Coordinator Zone ‘A’, ACG Saidu Yusuf, said the service is well equipped to cover more economic terrains.

His words, “This is the future in Nigeria because what we are seeing is going to translate into a huge factor in the Nigerian economy. A lot of activities are happening here, and I am sure we are expecting more activities as well.”

“Infrastructure is being developed, and for us in Customs, we are very ready with our capacity building, and with the calibre of officers we have on the ground, I think we are up to our game to receive more factories and to cover more activities in the zone”, ACG Yusuf stated.

The Zonal Coordinator also visited the Lagos Free Trade Zone Command. He expressed delight at the level of improvement by officers and men of the command in barely 3 years of operation.

“I must confess that I’m really impressed with what I have seen today in the Command, it means the officers are really working, and what we need to do is to encourage them, just like has been done by the Comptroller-General of Customs (CGC), Adewale Adeniyi, has been rolling out procedures and tools for the smooth operation of customs procedures. I’m sure by the time all the tools are fully operational, this command will come up very well in terms of revenue.”

The Customs Area Controller (CAC) Comptroller Olanrewaju Olumoh appreciated the Zonal Coordinator’s visit while also acknowledging the performance of the command since his assumption.

The CAC stated that he and his team have been upholding the core values of professionalism and integrity and doing remarkably well in revenue generation. “In the area of revenue, from January 2024 till date, the command has generated the cumulative sum of N138,179,207,744.00 as against the sum of N28 billion generated in the same period last year.”

Comptroller Olumoh noted that the revenue collected represents a 393.4% increase and expressed optimism about meeting and surpassing the Command’s target.

Stating further, Olumoh said though the command remains user-friendly, it remains committed to ensuring that illicit and harmful items do not enter the country through the Lekki Port. “Our officers conduct comprehensive physical inspection because we are very much committed to ensuring that no unscrupulous elements will bring in illicit or harmful items into the country through the Lekki port.”

In line with the desire of the CGC Adeniyi to have a very healthy workforce, the Zonal Coordinator commissioned a clinic set up by the Command within the office premises for officers to have easy access to first aid attention.

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