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Senate panel asks customs to raise revenue target beyond N5tr in 2024

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Senator Isah Jibrin

The Nigeria Customs Service (NCS) has to brace up, find ways of increasing its N5.079 trillion revenue target for 2024, the senate has cautioned.

Chairman, Senate Committee on Customs, Isah Jibrin, gave the advice at a meeting with the agency’s Comptroller General, Adewale Adeniyi, and top management team in Abuja.

He said: “First of all, Nigeria is burdened with a lot of debt obligations and we need to wriggle ourselves out of that trap, and one of the ways to do that is internally generated revenue. 
“Customs is one of the major providers of internally generated revenue, and as it is today, we expect them to play one of the major roles in this drive to reduce our debt burden.

“We need to pay off what we are owing now and minimise additional loans we are going to take. Customs is in a very good position; if they can block all perceived leakages, they should be able to generate a significant amount of income that will enable Nigeria to get out of debts, at least partially.

On concessions given to some sectors of the economy, the Kogi East senator clarified that the incentives were for those into agriculture, solid minerals and others whose services have direct impact on the economy.

He continued: “If somebody is bringing agricultural equipment into the economy and you try to take something out of that person in a way of import duty, that will discourage the person and that is what we are saying.  It is not that anybody took that money or Customs compromised in the course of their services.

“Concessions are in the interest of Nigeria to encourage importers to boost the economy.  There is a trade off here between importers and the country, particularly the things you think you are generating.”

On the unemployment rate in Nigeria, which he described as “very high,” Jibrin observed: “Customs is not the only employer of labour.  They can only employ the number they believe they can adequately take care of, and we are putting them under pressure to exceed the 1,600 benchmark.

“We may not get beyond 2000, but for sure, we will get 1,600 and like we all know, there are so many unemployed Nigerians out there. I will always say it is difficult for the NCS to absorb all unemployed Nigerians, but they can only employ those they can.”

The NCS CG said his organisation was seeking approval to give waivers to owners of smuggled cars to allow them regularise their payment of duties.

On the naira exchange rate, Adeniyi said he is equally pained by the volatility in the exchange rate regime.

He observed: “In fact, even if it stays high and people can predict that this is what it will take me to clear, perhaps it is not particularly too bad, but when it is so volatile, today it is X, tomorrow it is X+10, X+20, it does not make for adequate planning and things like that.

“Correctly, it is the mandate of the Central Bank of Nigeria (CBN) to fix the rate, either the one we use during the Medium Term Expenditure Framework (MTEF) or the one we use for importation, or the one used for payment of customs duties. I have been in discussions with my minister. Perhaps, what you are going to advocate is that there would be a meeting point between authorities of government that oversee monetary policy and those in charge of fiscal policies.

“Personally, what I think we can do is to get a spot rate for a period. We can agree that for Year 2024, this will be the spot rate for payment of customs duties. We could say for the first half of the year.”

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Obidient Movement Denounces Fake Social Media Posts Targeting Senator Datti-Baba Ahmed

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Senator Datti-Baba Ahmed

The Obidient Movement, led by Dr. Yunusa Tanko, has issued a press statement condemning the circulation of false social media posts attributed to Senator Datti-Baba Ahmed. The fabricated posts, which have gone viral, are described as part of a deliberate smear campaign aimed at damaging the Senator’s reputation.

The movement clarified that Senator Datti-Baba Ahmed does not operate any social media accounts, making all attributed posts entirely baseless. During a recent press conference, the Senator unequivocally dissociated himself from these claims and urged the public to disregard them.

“This is a targeted attempt to tarnish the Senator’s image and credibility,” Dr. Tanko stated.

The Obidient Movement has called on its supporters and the public to remain vigilant and proactive in addressing the issue. They urged people to ignore, counter, and report the false posts whenever they appear.

The statement concluded with an appeal for continued support and collaboration in combating misinformation, reinforcing the movement’s commitment to truth and integrity.

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Senate Approves President Tinubu’s N1.767 Trillion Loan Request

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The Senate has granted approval for a $2.09 billion (N1.767 trillion) loan requested by President Bola Tinubu to address the N9.7 trillion deficit in the N28.7 trillion 2024 budget. The decision was made during Thursday’s plenary, just 48 hours after the request was submitted to the National Assembly.

President Tinubu, in letters to both chambers of the legislature earlier this week, highlighted the importance of the loan for financing key projects and programs critical to national development.

Following the request, the Senate assigned its Committee on Local and Foreign Debts, led by Senator Aliyu Wammako (APC, Sokoto North), to review the proposal. Presenting the committee’s report, Senator Wammako described the loan as vital for implementing the Debt Management Strategy, reducing borrowing costs, extending debt maturity, and bolstering Nigeria’s external reserves.

The committee recommended raising the loan through Eurobonds or similar international financing instruments, subject to market conditions. It also suggested that any excess funds from exchange rate adjustments be directed toward capital projects in 2024 to support infrastructure and economic growth.

The Senate approved the loan unanimously, with no objections raised during deliberations. Deputy Senate President Jibrin Barau, who presided over the session, commended the Wammako-led committee for its swift and thorough handling of the proposal.

This loan approval is part of the government’s broader strategy to bridge fiscal gaps while focusing on developmental priorities and economic stability.

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Finland Detains Pro-Biafra Agitator Simon Ekpa on Terrorism Charges

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Simon Ekpa

Simon Ekpa, a Finland-based pro-Biafra agitator, has been arrested and detained by the Päijät-Häme District Court in Finland on charges of inciting public crimes with terrorist intent.

The alleged offence reportedly occurred in Lahti on August 23, 2021. Finnish authorities apprehended Ekpa on Monday, November 19, marking another chapter in his history of legal confrontations.

A source confirmed Ekpa’s arrest, noting, “He was arrested three days ago. But this is not the first time. He will likely be questioned and released soon.” Ekpa was previously detained in 2023 on suspicion of fundraising fraud but was released the same evening.

The Finnish National Bureau of Investigation (NBI) has also requested the detention of four additional suspects in connection with terrorism-related charges.

Ekpa has gained notoriety for his leadership of a Nigerian separatist group advocating for an independent Biafran state in southeastern Nigeria. Finnish authorities allege that he used social media platforms to coordinate actions that resulted in violence against civilians and authorities in Nigeria.

Detective Chief Inspector Otto Hiltunen of the NBI stated that the investigation focuses on a Finnish citizen of Nigerian descent, born in the 1980s, suspected of public incitement to crimes with terrorist intent.

Meanwhile, the Nigerian government has continued to engage the Finnish government through the European Union (EU) to extradite Ekpa. In August, Nigeria’s Defence Headquarters emphasized the dual approach of diplomatic engagement and sustained military operations against the Indigenous People of Biafra (IPOB) and its armed wing, the Eastern Security Network (ESN).

Director of Defence Media Operations, Major General Edward Buba, reiterated the government’s resolve, saying, “The FG would respond appropriately to the Finnish Government through the EU. On the part of the military, troops would sustain operations against IPOB/ESN.”

Ekpa, who has represented Finland’s National Coalition Party (NCP) in local government, currently serves on Lahti’s public transport committee. Finnish authorities continue to investigate his activities, emphasizing the potential connection between his leadership role in the separatist movement and violent actions in Nigeria.

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