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Lagos and 14 other states’ debts jump to N1.68tn

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Lagos and 14 other states’ debts jump to N1.68tn

The domestic debt of Lagos and 14 other states have rose by 153.82 percent between 31st December, 2015 and  March 31st, 2021, according to report from Debt Management Office.

It is gathered the each of the states recorded at least 100 percent jump.

Yobe state record the highest leap with Lagos state having the highest domestic debt stock of N507.38bn.

Other states are Abia, Adamawa, Anambra, Benue, Borno, Imo, Katsina, Niger, Ogun, Ondo, Sokoto, Taraba, Zamfara.

It was gathered that Lagos State debt stood at N218.54bn, as at December 31, 2015, but by March 31, 2021, it had increased to N507.38bn. This represents 132 per cent increase within the time frame.

Abia State had stood at N33.53bn, but by March 31, 2021, increased to N70.57bn; thus, rising by 110.47 per cent.

Adamawa State stock rose from N47.20bn to N95.22bn between December 31, 2015 and March 31, 2021, leading to debt increase of 102 percent.

Anambra State had stood at N3.58bn, but by March 31, 2021, increased to N59.71bn; leading to a leap increase of 1,567.88 percent .

Benue State stock rose from N39.94bn to N128.25bn between December 31, 2015 and March 31, 2021, leading to debt increase of 221.1 per cent.

Within the same period, the debt stock of Borno State increased from N22.34bn to N91.86bn, leading to a 311 percent increase.

Imo State debt stood at N71.74bn. But had gone up to N149.89bn which is 108.94 percent increase.

As of Dec. 31, 2015, Katsina State debt stood of N11.50bn, but it rose to N58.34bn by March 31, 2021. leading to percentage increase of 407.3 per cent.

At same period, the debt stock of Niger State rose from N21.50bn to N62.33bn; thus recording an increase of 189.91 percent.

within same time Ondo State debt stock stood at N26.65bn, but it had increased to N72.6bn by March 31, 2021. The state debt record rose by 172.42 per cent.

Sokoto State had a debt stock of N11.66bn in same period. This had increased to N38.55bn by March 31, 2021. It, therefore, recorded 230.62 percent increase.

Within December 31, 2015, Taraba State debt stock rose from N27.65bn to N100bn, making an increase of 261.66 percent.

Yobe and Zamfara recorded debt increases of 1,994.08 percent and 109.55 percent respectivel..

At same time-frame, Yobe State had a debt stock of N2.87bn, but it had increased to N60.10bn by March 31, 2021, while Zamfara State’s debt stock rose from N46.28bn to N96.98 within the same period.

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Customs Corner

Volleyball: Customs Strikes Again, Defeats Saint Denis Olympique at 37th Club Championship in Egypt

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Author: Cynthia Idowu.

The Nigeria Customs Service is not only known for its doggedness in fighting smuggling and generating revenue for the federal government, the service has demonstrated a high level of professionalism in sport at the ongoing 37th Women’s African Volleyball Club in Cairo, Egypt.

The Customs Volleyball Women’s Team defeated its opponent, Saint Denis Olympique, by 3 – 0 to imprint its first win at the ongoing championship on Saturday, 27th of April, 2024.

The team who came out strong displayed the anti-smuggling doggedness with a lead in the first set of the game with a 25 – 21 score, sending shivers down the opponent’s spine.

Coach Pricillia Agera led the team, who displayed good skill and dominance with a nail-biting scoreline of 29-27 to clinge victory and secure a place in the annals of volleyball history.

Coach Priscilla Agera hailed the players for their unwavering commitment and tenacity, recognising the challenges they had overcome to achieve victory on the court.

In her words, “Despite the obstacles we’ve faced, you’ve shown the world what it truly means to be a team. Your resilience, your determination, it’s what sets you apart.”

Agera also commended the unwavering support of the Comptroller General of Customs, Bashir Adeniyi, for his steadfast commitment to ensuring the team’s participation in the championship and his instrumentality to their success, providing them with the resources and support they needed to compete at the highest level.

She said, “I appreciate CGC for taking a bold step to allow the team to fly the flag of the nation in this championship.

“I also want to give kudos to the President of Nigeria Volleyball Federation, Engineer Musa Nimrod, for his approval in ensuring the team returns, not forgetting the President of Nigeria Olympic Committee, Engineer Habu Gumel, for his relentless support for volleyball”.

Nigeria Customs Service will face Mayo Kane Evolution on Sunday in their third match after losing to Kenya Pipeline in their first game on Friday.

Recall that the basketball team of the Nigeria Customs Service (NCS) secured a spot among the top three teams at the recently concluded tournament held at the Indoor Hall of the MKO Abiola International Stadium, Abuja.

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Customs Corner

Customs Visits Family of Rice Sale Stampede Victims, Rollout Support Strategies

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Customs Visits Family of Rice Sale Stampede Victims, Rollout Support Strategies

By Lucy Nyambi

In a heartwarming gesture, the Nigeria Customs Service (NCS) has reached out to the family of Susan Odulaja, one of the victims of the tragic stampede that occurred during the sale of 25kg bags of rice in Lagos on February 23, 2024.

The Comptroller-General of Customs (CGC), Bashir Adeniyi, sent a delegation led by the Assistant Comptroller-General of Customs/Zonal Coordinator Zone “A,” Hammi Swomen, to visit the family in Jibowu, Lagos State, on Friday, April 26, 2024.

During the visit, the Zonal Coordinator expressed the NCS’s deepest condolences to the family, stating, “We remember the unfortunate incident that led to the loss of four precious lives during the disposal of 25kg bags of rice at a reduced price of N10,000. We are here to support this family and demonstrate our commitment to their well-being.”

This visit marks the second time the NCS has reached out to the family, demonstrating the service’s commitment to showing compassion and empathy to those affected by the tragedy.

“We are here on behalf of the Comptroller-General of Customs to support this family. This is our second visit, but it is to demonstrate our continued support to the family.” He explained.

Commiserating with the widower, Michael Odulaja, ACG Swomen, pledged the NCS’ commitment to work with the family and support them continuously.”The service is mindful of the effects of this loss, and we have pledged to work with this family and support them continuously. “When you are grieving and have people around you, it reduces the trauma. Right now, we are going to report to the CGC, and the service is considering, in concrete terms, what to do going forward,” he stated.

In response, Odulaja appreciated the service representatives for their visit and support. He said, “I thank God and the Nigeria Customs Service for their support. Any support that they give us, I will ensure that I use it wisely and invest it in the children.”

It will be recalled that the Service issued a press statement after the unfortunate incident on the 26 of February 2024, promising to follow up with the families of the stampede victims.

According to the statement, “Our thoughts and prayers are with the affected families during this challenging time, and we assure them of our unwavering support. We are working with the hospital officials to establish contact and engage directly with the victims’ families on the next step.”

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Customs Corner

Nigeria Customs Unveils Innovative Strategies at World Border Security Congress

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Gift Wada Assistant Comptroller of Customs Sanusi Saulawa has showcased Nigeria's groundbreaking approaches to trade facilitation at the 2024 World Border Security Congress (WBSC) in Istanbul, Turkey. Saulawa's paper, "Enabling Trade Facilitation Under Fragile Borders: Nigeria's Experience," emphasised the challenges and opportunities faced by African borders, with Nigeria as a focal point. The annual WBSC gathers law enforcement agents, industry experts, security analysts, IT vendors, scholars, and representatives from international organisations such as Interpol, WCO, AU, USCBP, UNODC, and OSCE. The forum serves as a platform for brainstorming and exchanging ideas to address the complex issues surrounding global frontiers. Saulawa's presentation highlighted Nigeria Customs' efforts in trade facilitation, including initiatives like the Authorized Economic Operator (AEO) program and Advance Ruling. These strategies aim to streamline border procedures, enhance security, and promote efficient trade flow. By sharing Nigeria's experience, Saulawa contributed to the collective effort to find practical solutions to the challenges posed by vast and often fragile borders. His paper underscored the importance of collaboration and innovation in addressing border security issues on a global scale. The presentation solidifies Nigeria's position as a leader in border management and trade facilitation efforts.

Gift Wada

Assistant Comptroller of Customs Sanusi Saulawa has showcased Nigeria’s groundbreaking approaches to trade facilitation at the 2024 World Border Security Congress (WBSC) in Istanbul, Turkey.

Saulawa’s paper, “Enabling Trade Facilitation Under Fragile Borders: Nigeria’s Experience,” emphasised the challenges and opportunities faced by African borders, with Nigeria as a focal point.

The annual WBSC gathers law enforcement agents, industry experts, security analysts, IT vendors, scholars, and representatives from international organisations such as Interpol, WCO, AU, USCBP, UNODC, and OSCE.

The forum serves as a platform for brainstorming and exchanging ideas to address the complex issues surrounding global frontiers.

Saulawa’s presentation highlighted Nigeria Customs’ efforts in trade facilitation, including initiatives like the Authorized Economic Operator (AEO) program and Advance Ruling. These strategies aim to streamline border procedures, enhance security, and promote efficient trade flow.

By sharing Nigeria’s experience, Saulawa contributed to the collective effort to find practical solutions to the challenges posed by vast and often fragile borders. His paper underscored the importance of collaboration and innovation in addressing border security issues on a global scale.

The presentation solidifies Nigeria’s position as a leader in border management and trade facilitation efforts.

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