Post by Honorebu on Mar 26, 2016 15:58:12 GMT
The Nigeria Customs Service has banned rice importation through the land borders with effect from Friday, March 25, it was announced in Ibadan, Oyo State capital yesterday.
The Customs Area Controller for Oyo/Osun Area Command, Mr. Temitope Ogunkua, told journalists that the ban order was given by the Comptroller-General of Customs, retired Col. Hameed Ali, as part of measures to block the identified loopholes in the nation's finance sector.
Meanwhile, the federal government, as a sign of its commitment to stimulate the economy will, in the next quarter, pump N350 billion into the system in form of capital spending.
Ogunkua said that the importation and payment of duty on rice through the land borders would cease on Friday and advised all those who have their duty already paid for the imported rice within the Oyo/Osun Area Command border entry point to evacuate same immediately or risk the rice being seized.
Ogunkua maintained that Oyo/Osun Area Command would implement the zero tolerance for rice import through the border to the letter.
While reiterating the determination of the area command of the NCS to step up efforts in facilitating trade, the area controller charged all genuine importers to continue with their business, saying that only the economic saboteurs would have the long hand of the law to deal with.
Commenting on the revenue generation efforts of the command, the area controller disclosed that a total of 30 detentions and 10 seizures had so far been effected within this month (March 2016), with the Duty Paid Value of N19, 744,965.
The Minister of Finance, Mrs. Kemi Adeosun, had explained that the federal government planned using the 2016 budget to fast-track economic diversification.
The minister also said efforts had been put in place to ensure that the spending on capital projects trickled down to all Nigerians.
Allafrica
The Customs Area Controller for Oyo/Osun Area Command, Mr. Temitope Ogunkua, told journalists that the ban order was given by the Comptroller-General of Customs, retired Col. Hameed Ali, as part of measures to block the identified loopholes in the nation's finance sector.
Meanwhile, the federal government, as a sign of its commitment to stimulate the economy will, in the next quarter, pump N350 billion into the system in form of capital spending.
Ogunkua said that the importation and payment of duty on rice through the land borders would cease on Friday and advised all those who have their duty already paid for the imported rice within the Oyo/Osun Area Command border entry point to evacuate same immediately or risk the rice being seized.
Ogunkua maintained that Oyo/Osun Area Command would implement the zero tolerance for rice import through the border to the letter.
While reiterating the determination of the area command of the NCS to step up efforts in facilitating trade, the area controller charged all genuine importers to continue with their business, saying that only the economic saboteurs would have the long hand of the law to deal with.
Commenting on the revenue generation efforts of the command, the area controller disclosed that a total of 30 detentions and 10 seizures had so far been effected within this month (March 2016), with the Duty Paid Value of N19, 744,965.
The Minister of Finance, Mrs. Kemi Adeosun, had explained that the federal government planned using the 2016 budget to fast-track economic diversification.
The minister also said efforts had been put in place to ensure that the spending on capital projects trickled down to all Nigerians.
Allafrica