A seasoned maritime expert, Prince Olu Ologbese has identified the Federal Government policies on importation of goods into the countries as some of the factors that may hinder the Nigerian Customs Service, NCS, from meeting its revenue target for this year.
Ologbese said that although Nigerians’ expectation from the new Comptroller General of the Nigerian Customs Service, Col Hameed Alli (rtd) is high, the Nigeria foreign policy which includes restriction of payment in dollars by importers as well as difficulties being encountered by the importers in securing “Form M” may hinder the customs from generating sufficient revenue for the government this year.
He noted that the importers are already being discouraged because they are finding it difficult to transact businesses with their international exporters as a result of the hurdles which the Federal Government has placed before them before goods can be brought into the country.
“Naturally, this period is not favourable for the nation’s economy as it shipment of goods always drop as we approach the end of the year which often make the importers to maintain a kind of ‘wait and see’ attitude thereby leading to a lull in business activities in the maritime sector” Ologbese said.
According to him, the CGC and his officers should not be held responsible if there is a drop in Customs revenue generation and it should not be seen as sabotage.
“The restriction of Forex in Nigeria is not only affecting Nigeria’s economy as it has spread to exporting countries” adding that that the international community has protested to the World Trade Organisation.
He expressed his regrets that some terminal operators have begun downsizing its work force, adding that the Federal Government should take immediate action on the matter.


Ad:See How you can turn $500 into $10,000 Click HERE For Details.
SHARE