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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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After over 3 decades, IBB Admits victory of Abiola in June 12, 1993 Election

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Over three decades after annulling the acclaimed freest and fairest June 12, 1993, presidential election, former Head of State Ibrahim Babangida has, publicly admitted that the late Moshood Kashimawo Olawale (MKO) Abiola won the poll.

Babangida’s newly launched 420-page memoir, A Journey in Service: An Autobiography of Ibrahim Babangida, unveiled in Abuja on Thursday, made the disclosure.
The event was attended by prominent figures from across Nigeria and beyond.

In his book, Babangida, widely known as IBB, admitted that his earlier claims suggesting Abiola might not have won were incorrect.
“Upon further reflection and a closer examination of all available facts—particularly the detailed election results published as an appendix to this book—it is clear that MKO Abiola won the June 12 election,” he wrote.
He cited official figures from the 110 polling booths nationwide, showing that Abiola secured 8,128,720 votes against his main challenger Bashir Tofa’s 5,848,247 votes. Abiola also met the constitutional requirement of securing one-third of votes cast in at least 28 states, including Abuja.
In what appears to be contradiction after confirming Abiola’s victory, Babangida maintained that the annulment was done in “extreme national interest.”
“As the leader of the military administration, I accept full responsibility for all decisions taken under my watch. Mistakes, oversights, and missteps happened in quick succession, but I affirm in my book that every decision, including June 12, was made to ensure Nigeria’s survival,” he stated.

The annulment, which remains one of Nigeria’s most controversial political decisions, triggered nationwide protests and unrest. Following the backlash, Babangida resigned in August 1993, handing power to an interim government led by businessman Ernest Shonekan. However, within three months, General Sani Abacha overthrew Shonekan in a palace coup.
Refusing to let his mandate be stolen, Abiola declared himself president in 1994, leading to his arrest by Abacha’s military regime. He remained imprisoned until his death under suspicious circumstances on July 7, 1998, a month after Abacha himself died. His wife, Kudirat Abiola, was also assassinated in 1996.
The return to democracy in 1999, which saw former military ruler Olusegun Obasanjo elected as president, marked the beginning of the Fourth Republic. However, the controversy surrounding June 12 remained a major topic in Nigerian politics.
In 2018, then-President Muhammadu Buhari sought to address the injustice by declaring June 12 as Nigeria’s official Democracy Day, replacing May 29. He also posthumously honored Abiola as a former president.
Reflecting on these events in his memoir, Babangida expressed regret over how the situation unfolded.
“Looking back, the June 12 saga was the most challenging moment of my life and, in some respects, one of the most painful. If I had to do it again, I would do it differently,” he wrote.
Babangida’s book launch was attended by an array of high-profile figures, including former Presidents Goodluck Jonathan, Yakubu Gowon, and Abdulsalami Abubakar, as well as former Vice Presidents Atiku Abubakar and Namadi Sambo.
President Bola Tinubu and Vice President Kashim Shettima were also present, alongside billionaire business moguls Aliko Dangote, Abdulsamad Rabiu, and Folorunsho Alakija.

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Osun on Edge: Timi Frank Warns of APC Plot to Force State of Emergency

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Bola Tinubu and Timi Frank

Political tension is at a boiling point in Osun State as violent clashes between supporters of the ruling Peoples Democratic Party (PDP) and the opposition All Progressives Congress (APC) over local government control turn deadly.
Amid the unrest, former APC Deputy National Publicity Secretary, Comrade Timi Frank, has sounded the alarm, accusing the APC of orchestrating chaos to justify a federal takeover of the state.

In a strongly worded statement issued on Monday, Frank called on President Bola Tinubu to intervene and rein in Minister of Marine and Blue Economy and former Governor Gboyega Oyetola, whom he accuses of fueling the crisis. According to Frank, Oyetola and his allies are deliberately stoking violence in a bid to make Osun ungovernable for Governor Ademola Adeleke, creating grounds for a state of emergency declaration.

“Their major target is to declare a state of emergency because they know that if elections are held today, Governor Adeleke will still win,” Frank stated. “So they want to abort his second term through crisis and violence.”

The crisis stems from a contentious Court of Appeal ruling, which both the APC and PDP interpret differently regarding the reinstatement of sacked local government chairmen. While Governor Adeleke has insisted that security concerns make their return impossible, Oyetola has vowed to enforce the ruling through legal channels.

The APC National Secretary, Dr. Ajibola Basiru, escalated tensions further by suggesting on live television that the Federal Government should consider declaring a state of emergency in Osun to curb the violence.
Frank, however, sees this as a calculated move to use federal might to undermine Adeleke’s administration.

“We call on the people of Osun to stand with Governor Adeleke and resist this political coup disguised as a crisis,” Frank urged. “This is nothing but an attempt to take Osun by force because APC knows they can’t win the state through the ballot box.”

As uncertainty looms, Osun residents watch closely to see whether the Federal Government will step in to douse the flames or if the crisis will spiral further, threatening the state’s stability.

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At 2025 Munich Security Conference, Natasha champions Call for Gender Equity

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L-R. European Union’s Commissioner for Preparedness Ms. Hadja Lahbib , the president of Kosovo Vjosa Osmani, Sanam Anderlini CEO International Civil Society Network, Senator Natasha Akpoti Uduaghan and Sanna Marin Ex Prime Minister of Finland.

Chairperson of the Senate Committee on Diaspora and NGOs, Senator Natasha Akpoti Uduaghan, has called for greater gender equity in global security and governance.
She made this strong appeal at the 2025 Munich Security Conference (MSC), where she joined world leaders to discuss the challenges facing women in leadership and peacebuilding.

Speaking on a high-profile panel alongside Kosovo’s President Vjosa Osmani, former Finnish Prime Minister Sanna Marin, and EU Commissioner Hadja Lahbib, Akpoti Uduaghan stressed the urgent need for inclusive governance and gender-sensitive security policies.

“The exclusion of women from decision-making isn’t just unfair—it’s a security risk. To build lasting peace, women must not only be at the table but leading the discussions that shape our future.”

A statement from her media office on Sunday in Abuja highlighted the senator’s concerns over the growing global backlash against women’s participation in leadership, warning that this trend threatens long-term stability and development.
Bringing an African perspective to the discussion, Akpoti Uduaghan shed light on the systemic challenges Nigerian women face in politics, ranging from intimidation to exclusion and political violence.
She called for stronger policies to protect women and create an enabling environment for their active participation in governance.
“The backlash against gender inclusivity in politics and security is not just a setback for women; it is a setback for global development.
“The world must move beyond rhetoric and take concrete actions to ensure that women are not just included in peace and security discussions but are given equal opportunities to lead and influence policies.”
The MSC panel, moderated by a senior policy expert, saw a robust exchange of ideas on gender-based discrimination, political violence, and the role of women in conflict resolution.
President Osmani shared insights from Kosovo’s experience in advancing women’s leadership.
Sanna Marin pointed to the Nordic model of gender inclusivity as a global benchmark.

Commissioner Lahbib reaffirmed the EU’s commitment to integrating women in crisis preparedness and security frameworks.
As the conference wrapped up, there was a unanimous agreement that reversing gender regression requires policy reforms, international cooperation, and sustained efforts to empower women in governance and security.

Senator Akpoti Uduaghan’s participation at MSC 2025 reinforces her growing influence as a global advocate for women’s rights, governance reform, and inclusive security policies. Her message was clear: a just, stable, and peaceful world cannot be achieved without women at the forefront of decision-making.

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