Home News We make N6 Billion everyday from Border Closure – Customs

We make N6 Billion everyday from Border Closure – Customs

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Nigeria rakes in between N5 billion and N6 billion daily from imports since the closure of its land borders with neighbouring countries.

Prior to the closure in August 2019, daily duty collections hovered between N4 billion and N5 billon, said the Nigerian Customs Service (NCS) in Lagos on Tuesday.

The NCS Comptroller-General Col. Hammed Ali (rtd.) attributed the rise to increased activities at the nation’s seaports.

”The NCS daily collection before the border closure ranged between N4 to N5 billion but now, the NCS collects N5billion to N6 billion daily as a result of the rise in activities at the nation’s sea ports,” Ali said on Tuesday at a forum on the “impact of land border closure on the Nigerian economy.”

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The forum was organized by the Lagos Chamber of Commerce and Industry (LCCI), and the support of Center for International Private Enterprise (CIPE) in Lagos.

The Customs boss, who was represented by the ACG/Zonal Co-ordinator, Zone A, KayCee Ekekezie, also said the border closure had led to a 30 per cent drop in fuel hitherto supplied by the Nigerian National Petroleum Corporation (NNPC) for local consumption.

He added that the sums being realized from the ports would help the Federal Government provide more infrastructures and add fillip to critical sectors of the economy.

His words: “This (money) will be used to build more infrastructure  and develop critical sectors of the nation’s economy. The border drill has also curbed the diversion of petroleum products from Nigeria to our neighboring countries. NNPC records show a 30 per cent drop in fuel consumption, which means that we have been subsidizing fuel for neighboring countries.”

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1 COMMENT

  1. If u make #6billion everyday from boarder closure. Why the attempt to borrow $23 billion by the Presidency to create the problems for the country. What are you using the #6 billion you make everyday for? Is the money make from boarder closure since December till now not enough to do something instead of borrowing.

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