The Comptroller General of the Nigeria Customs Service, Col. Hameed Ali, has told the Senate on Thursday February 18, 2021, that the agency was targeting a total of N1.47trillion revenue this year 2021.
Ali stated this when he appeared before the Senator Francis Alimikhena-led Committee on Customs, Excise and Tariff to defend the 2021 budget of the NCS.
He said that the N1.47trillion included N1.27trillion for Federation and N198billion for non-federation.
He said when compared with the 2020 revenue target, the 2021 revenue target was higher by N85billion or 5.8 per cent.
He also said that the NCS had proposed a budget expenditure of N242.45billion for the 2021 fiscal year.
He said the agency would source the fund from the seven per cent cost of collection for 2021 which was put at N96 94billion.
He put the personnel cost at N99.72billion, representing 41.13 per cent ; overhead cost, N19.53billion, representing 8.06 per cent and capital cost at N123.20billion, representing 50.81 per cent.
Ali said the nonfunctional scanners at the various Customs’ sites had adversely contributed to the agency’s inability to carry out effective examination for selective consignments.
He said that if purchased, the NCS would make them available in Apapa and Port Harcourt ports.
