Border closure boost revenue to N6 billion daily

According to a report on Tuesday, February 18 at a forum in Lagos, The Nigerian Customs Service (NCS) says it makes about N6 billion daily from imports since the closure of Nigeria’s land borders with neighboring countries in West Africa.

The NCS Comptroller-General, Colonel Hammed Ali (rtd.) made this known at the forun where he was represented by a senior customs official. The Customs boss also said the border closure had led to a 30 percent drop in fuel hitherto supplied by the Nigerian National Petroleum Corporation (NNPC) for local consumption.

Ali added that the sums being realized from the ports would help the federal government provide more infrastructures and add fillip to critical sectors of the economy.

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Ali also stated that before the border closure, NCS had engaged the customs of neighboring countries severally, drawing their attention to the need to comply with ECOWAS protocols on the transit of goods and persons. Meanwhile, the closure of Nigeria’s land borders by the federal government has prompted ECOWAS to set up a committee to investigate the issues surrounding the closure. The committee is headed by President Roch Kabore of Burkina Faso who is expected to give a full report of the findings.

Some Nigerians have, however, opposed the policy saying it is strangulating businesses. It is a known fact that 50% of Nigeria’s official non-oil exports go through the land borders.

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