Nigeria Customs Service has proposed banning of vehicles from seven years upwards even as it seeks to earn more revenue.
The House of Representatives’ Committee on Customs and Excise proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition. The Covid-19 pandemic affected the revenue of the Service and its operations.
The committee insisted on increasing the $1.3 trn projected figure at a budget defence session held with the Controller-General of the NCS, Col. Hameed Ali (retd.), in Abuja on Tuesday.
Chairman of the committee, Leke Abejide, said the lawmakers would retain the targets on duties and Value Added Tax collection as the Customs was able to surpass the 2020 target which the NCS surpassed.
Hameed Ali however noted that the Nigerian Customs Service was working on a policy proposal aimed at reducing the years of vehicles imported into the country. He maintained that having roadworthy vehicles and accelerating home grown industries are top priorities.
“It is our hope that our own industries will begin to produce vehicles that we can afford to buy and reduce importation of used vehicles,” Ali concluded.