O boy! See the Eye-Popping Amount of Money Nigeria Customs Makes Daily

The massive revenue generated daily by the Nigeria Customs Service just from import duties has been revealed.

 

The Comptroller-General of Customs of the Nigera Customs Service, Col. Hameed Ali (rtd.) has disclosed that the the service generates between N1billion to N1.5billion on a daily basis through various import duties.

 

The Customs boss revealed this on Thursday, November 5, when he paid a courtesy visit to the Chief of Naval Staff (CNS), Vice Admiral Ibok-Ete Ibas, at the Naval Headquarters in Abuja.

 

The service disclosed that it would re-open the Gamboru and Banke border posts in Maiduguri, Borno State, years after the positions were temporarily abandoned following deadly attacks by Boko Haram.

 

The Comptroller-General noted that apart from the daily revenue generation, the nation loses billions of naira during most of its numerous public holidays.

 

He said: “Part of our job on trade certification is dependent on the navy, the more we get the more likely our revenue rises.

 

“Any day we declare public holiday we lose money, in practical terms the customs, our ports generates about N1 billion to N1.5 billion a day, so any day they say public holiday that is N1.5 billion gone.

 

"And Nigerians love holidays, if Christmas falls on Saturday we will say we want to have Monday as holiday but to us it’s a pain because we are now looking at it in terms of raw cash.”