The Nigeria Customs Service has said that it lost the sum of N1.3 trillion in 2023 due to waivers and concessions that President Muhammadu Buhari’s administration granted to investors.
It also stated that it was not privy to details of the Customs $3.2 modernisation project.
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The Comptroller General of the NCS, Adewale Adeniyi, made the disclosure at the National Assembly on Wednesday.
Adeniyi was represented by the Deputy Comptroller General, Mba Musa, at a public hearing organised by the Senate Joint Committees scrutinizing the 2024–2026 Medium-Term Expenditure Framework and Fiscal Strategy.
During the hearing, the senators inquired from the Customs CG about details of the agreement signed by the Federal Government on the Modernisation of Nigerian Customs.
The Federal Executive Council had in April 2023 approved the Nigeria Customs Service modernisation project, also known as e-customs, despite a court order restraining the Federal Government from going on with the initiative.
The Buhari administration specifically approved the implementation of the Customs modernisation project to a concessionaire.
The concession was granted to Bergman Securities Consultant and Suppliers Limited as the project sponsor, Africa Finance Corporation UFC as the lead financier, and Huawei Technologies was named as the lead technical service provider.
However, stakeholders knocked on the project, saying it’s to mortgage the future of the service and also be inimical to national security.
Speaking on the modernisation project before the Senate joint panel, Mba told the lawmakers that the Nigeria Customs Service was not privy to details of modernisation agreement.
He said, “We are not privy to details of modernisation agreement of the Nigeria Customs Modernisation Project.”
He also declared that the Nigeria Customs Service lost N1.3 trillion in 2023 due to waivers and concessions the President Muhammadu Buhari’s administration granted to investors.
He explained that “the NCS would have generated more revenue to the nation’s Consolidated Revenue Fund in 2023 if not for the waivers and concession arrangements.”
Obviously not comfortable with the arrangement, Musa, the Chairman of the Joint Committee, said the Senate would commence an investigation into granting waivers and concessions in the country.
Senator Musa said, “By now, we shouldn’t be talking about concessions for cement manufacturers; we should not even be talking about sugar importation.
“We should not deny ourselves revenues that we should generate to make our economy vibrant. By now, we should be consolidating on waivers given to boost revenues.
“We will review the waivers and make our recommendations. By now, you (NCS) should be meeting up on your projected target if there are no waivers.”