The Senate has alerted the Nigeria Customs Service that the N5.079trillion naira 2024 revenue target of the agency will be reviewed upwards from the second half of the year to save the country from further borrowings
Last Wednesday, the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, told members of the House of Representatives Committee on Customs and Excise that the service generated a total sum of N3.21 trillion naira in the year 2023,
He added that though the service targeted the sum of N3.67trillion naira in the outgone year, it was only able to generate N3.21trillion naira owing to a combination of factors.
However, the Chairman, Senate Committee on Customs, Isah Jibrin during a crucial meeting with Adeniyi, and top management of the revenue agency on Monday stated the committee expected the service to play a major role in reducing the country’s debt burden hence their revenue review.
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