Nigeria Customs: Nigeria makes at least N5Bn daily since border closure

The Comptroller-General of the Nigeria Customs Service(NCS), Hameed Ali, yesterday told the members of the National Assembly that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government’s decision to close the border took effect.

Hameed said this when he appeared before the Senate and House of Representatives joint committees on Finance and National Planning, working on the 2020 – 2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.

According to Hameed, the land border closure was a blessing to the nation .

“When we closed the border, my fear was that our revenue was going to drop. To be honest, our revenue kept increasing. There was a day in September that we collected N9.2bn in one day. It had never happened before.

“This was after the closure of the border and since then, we have maintained an average of about N4.7bn to N5.8bn on a daily basis which is far more than we used to collect,”he said.

The development came just as the joint panel summoned the Central Bank of Nigeria Governor, Godwin Emefiele, and the Controller-General of the Nigeria Immigration Service, Muhammed Babandede, to appear before it on Thursday.

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