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Finance

Communications Ministry, Agencies Generate N1.05trn in Two Years

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Nigeria’s Ministry of Communications and Digital Economy and parastatals under it generated a total revenue of N1.053 trillion for the federal government in the last two years.

The Minister of Communications and Digital Economy, Isa Pantami, disclosed this on Thursday during the 12th batch virtual commissioning of eight projects in Abuja.

He said that the ministry and its parastatals have generated over N1 trillion for the federal government in less than two years. This translates to an average of about N44 billion every month or over N1.4 billion every day.

About N360 billion of this revenue was largely from Spectrum allocated by the National Frequency Management Council (NFMC) under the chairmanship of the minister, to the Nigerian Communications Commission (NCC) and National Broadcasting Commission (NBC) for commercial purposes, he said.

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In addition, he said over N94 billion was generated for the federal government and approved by the National Assembly in line with relevant laws, as part of the 2020 appropriation for personnel, capital projects, capacity building and interventions, among others.

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Customs Corner

Four Officers Honoured for Exceptional Performance in Customs Airport Cargo Command 

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As Comptroller Awe Reaffirms CGC’s Dedication to Recognition

Author: Abass Quadri

Comptroller Michael Awe, in charge of the Murtala Muhammed International Airport Cargo (MMIAC) Command, has recognised four officers for their excellent performance in executing their duties.

The officers were honoured during a parade at the Command on Wednesday, 11 September 2024.

Addressing the Officers and men of the Command, the CAC stated that the recognition, which will be done monthly or quarterly, is part of the CGC’s commitment to rewarding hardworking officers.

“There are four officers here, each representing one month from May to August 2024, who will be given letters of recognition today. The letters have reached the Office of the Zonal Coordinator, and he will send them to headquarters,” the CAC said.

Regarding the Command’s revenue generation efforts, Comptroller Awe noted that more than N16 billion has been collected so far. He appreciated the senior officers for their support, acknowledging that this success could not have been achieved alone.

The recognised officers include CSC Itinu Jimoh, CSC Moses Aboki, SC Jidda Aliyu, and IC Sanni Mohammed.

The officers expressed their excitement and gratitude to the CAC for recognising their efforts.

According to CSC Aboki, “The CAC has assured us that we do not need to harbour any fears. Henceforth, we will conduct more thorough examinations, as it is through this that we can detect illicit or underpaid items.”

The parade concluded with a free eye test provided by Poise Eye Care Limited.

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Customs Corner

Finance Minister Presides Over 60th Regular Customs Board Meeting

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Highlights Government Efforts to Ease Nigeria’s Cost of Living

Author: uhammad Bashir.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Tuesday, 10 September 2024, presided over the 60th regular board meeting of the Nigeria Customs Service.

The meeting, which he held at the newly built NCS headquarters in Maitama, Abuja, was said to be the first of its kind since the commissioning of the edifice by former President Muhammadu Buhari in 2023.

The Minister expressed his satisfaction with the board’s adherence to the decision to meet quarterly, describing it as an essential aspect of corporate governance.

He stressed that regular meetings and updates on financial performance were crucial for any government agency seeking to meet its objectives that impact positively on the citizens.

He highlighted further, “I think that board meetings serve as an important part of corporate governance and corporate governance is key to running an organisation efficiently as well as provide the necessary direction and management to keep government policies on track.”

The Minister also applauded the integrity and transparency of CGC Adeniyi, noting that the principles guiding the board’s operations were exemplary with a commitment to achieve laudable objectives and tenets to run an organisation like the NCS.

The Minister, who stressed the importance of collaboration between various ministries and the private sector, said the Nigeria Customs Service Board includes representatives from the ministries of Trade and Investment, Foreign Affairs, and Finance, as well as members of the organised private sector.

This congregation, according to Edun, “Ensures that critical national issues are thoroughly discussed and implemented in a timely manner”.

While filing questions about his feelings, he was the first Minister and NCSB Chairman to have chaired a meeting at the newly built NCS Corporate Headquarters, the Hon. Minister took the opportunity to commend the Customs Service on the achievement.

He said, “I congratulate the Nigeria Customs Service on this achievement of not just building a new edifice, but actually moving into it, making use of it, and keeping it very neat and tidy, and I pray for the success of all those who work at the new facility.

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Customs Corner

Security Agencies Record Major Successes in August 2024, Says Customs NPRO

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Author: Muhammad Bashir.

The National Public Relations Officer of the Nigeria Customs Service, Chief Superintendent of Customs, Abdullahi Maiwada, says Security Agencies in Nigeria have, in August 2024, made significant strides in safeguarding the lives and properties of Nigerians.

During a joint press briefing held at the Nigeria Customs Headquarters in Abuja, CSC Maiwada presented an overview of the efforts made by various agencies, including counter-terrorism, anti-smuggling operations, law enforcement, and financial crime prevention.

He noted that the Defence Headquarters had neutralised no fewer than 1,166 suspected terrorists, arrested 1,096 suspected criminals, and rescued 721 hostages during the month under review. In addition, over 391 weapons were recovered, and several terrorist leaders were eliminated.

“The strategy of dismantling these terror groups by targeting their leadership, commanders, and collaborators is significantly diminishing their capacity to carry out major offensives. Additionally, the military recovered 391 weapons, over 15,000 rounds of ammunition, and disrupted oil theft activities worth over N5 billion.” He highlighted further.

In the area of maritime security, the Nigerian Navy dismantled 15 illegal refinery sites, while law enforcement agencies arrested 873 suspects linked to various criminal activities. He stated.

CSC Maiwada stated “Notably, a massive refinery site with a capacity of 2 million litres per day was dismantled along the Ogoloma-Bakana waterways in Rivers State. These efforts have contributed to Nigeria’s crude oil production reaching 1.658 million barrels per day, reinforcing the Navy’s role in safeguarding the nation’s economic interests.”

He also used the medium to commend the Nigeria Police Force for successfully foiling plots aimed at destabilising the government and apprehending multiple armed robbers, adding that “The Nigeria Police Force had, during the nationwide ‘End Bad Governance in Nigeria’ protest, arrested a total of 873 individuals across several states in connection with various criminal activities such as armed robbery, arson, and vandalism.”

Highlighting the achievements of the Nigerian Customs Service, CSC Maiwada disclosed that the agency generated revenue of ₦475.6 billion and seized contraband worth ₦975 million, adding that “the Nigerian Correctional Service made progress in reducing prison overcrowding by releasing 257 inmates.”

According to him, other agencies, such as the Economic and Financial Crimes Commission (EFCC), the National Drug Law Enforcement Agency (NDLEA), and the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), also recorded significant advances in anti-corruption, drug enforcement, and human trafficking cases, with numerous arrests and recoveries.

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