Business
2021: Customs Nets N2.241trn Revenue
Nigeria Customs Service (NCS) generated the sum of N2,240,880,308,195.77 in 2021 which is over the target of N1,678,715,016,014.00 set for the year.
It is also over the sum of N1,562,115,419,216.32 generated in 2020, representing a 43.45per cent increase.
The feat was described by the Comptroller-General of Customs, Col, Hameed Ibrahim Ali (rtd), as a result of resolute pursuit of what is right and willingness to adapt to changes brought about by global health challenges occasioned by COVID-19.
This was disclosed in a statement signed by the Public Relations Officer, for Comptroller-General of Customs, Compt. Joseph O. Attah, yesterday.
The statement read in part, “The service revenue generation profile has continued to be on the rise annually as the ongoing reforms in the service insist on strategic deployment of officers strictly using the standard operating procedure, strict enforcement of extant guidelines by the tariff and trade department, automation of the Customs process thereby eliminating vices associated with the manual process, robust stakeholder sensitisation resulting in more informed/voluntary compliance, and increased disposition of officers and men to put national interest above selves.
“In the same vein, the service efforts to prevent the entry of items that could compromise the security of our citizens, economy and the well-being of our people resulted in the seizures of 5,096 assorted items with a duty paid value of N13,796,646,685.60 and 160 suspects at different levels of Investigation or Prosecution.
“Other landmark achievements in 2021 that are capable of boosting national security and economy are the installation of three brand new scanners in Apapa, Tin-Can Island and Onne Ports, introduction of mobile tracker: A mobile application that enables individuals to remotely validate any declaration/payment and most importantly the status of any vehicle/cargo at any point. It can be installed in mobile devices, introduction of Standard Operating Procedure for the use of Scanners, acquisition of rugged, gun trucks to secure anti-smuggling operatives in an increasingly hostile environment, and E-customs take-off process now at the stage of final signing of agreement.”
The service said the achievements are expected to impact positively on trade facilitation, fight smuggling, block revenue leakages and significantly impact on revenue generation and national security.
“NCS management recognizes the selfless efforts of officers and men who remained undaunted throughout the year resulting in these achievements.
“In the light of this, the Comptroller-General of Customs, Col. Hameed Ibrahim Ali (rtd) commends all officers and men for their doggedness and charges all to do more in the New Year.
“He also appreciates and commends the increasing numbers of compliant traders noting that compliance is a patriotic thing to do by citizens who desire a better nation.
“While giving the assurances of the service determination to continuously seek ways of making it easy for stakeholders to comply, the CGC prayed for the repose of the souls of operatives who paid the supreme price in the course of fighting smugglers. The living, he said must sustain the fight in honour of the departed.
“NCS remains totally committed to the course of protecting national security and economy, we call on Nigerians, especially the business community to support the NCS as our borders open to African Continental Free Trade Agreement (AfCFTA) in order to benefit from the trade agreement and other cross border activities,” the statement added.
MoniePoint Inc. a digital financial firm in Nigeria, has said it is empowering community pharmacists across the country with innovative payment solutions to improve access to drugs.
The financial firm said it had also provided loans for pharmacists under the aegis of the Association of Community Pharmacists of Nigeria (ACPN) to drive healthcare delivery in the country.
MoniePoint in a release titled, “Inside Nigeria’s community pharmacies: How Moniepoint drives healthcare access with payments and funding”, has reaffirmed its commitment to providing digital payment solutions to improve health outcomes in Nigeria.
The release examined how community pharmacies play a crucial role as vital access points for medical care in Nigeria, especially in areas with limited hospital or clinic access.
According to the release, the ACPN National Chairman, Ambrose Igwekwam, highlighted the critical role played by community pharmacies in Nigeria’s healthcare system over the years.
Igwekwam, however, expressed concerns over the challenges confronting the nation’s pharmaceutical industry which he said was hindering access to affordable medicines.
The pharmacist listed poor infrastructural systems, power, transportation, regulatory bottlenecks, importation dependency, and limited research opportunities as major challenges facing the pharmaceutical sector.
He also stressed the need for robust collaborative efforts with institutions like Moniepoint to strengthen the sector.
“As Nigeria continues to grow, improving local pharma manufacturing to meet the demands of this growth presents a key opportunity for us all.
“There is also the African Continental Free Trade Area Agreement, which is expected to boost our industry, especially when we start producing our drugs locally, which will provide the much needed foreign exchange from exports.
“We are also seeing advancements in digital health and technology which would hopefully deepen the practice of e-prescription in Nigeria”, the ACPN boss said.
Corlins Walter
In order to enhance customer service and streamline operations, the Chartered Insurance Institute of Nigeria (CIIN) has called on stakeholders in the insurance industry to embrace Artificial Intelligence (AI).
The President of the institute, Yetunde Ilori, made this call at the 2024 Office Representatives Committee (ORC) Workshop, organised by the institute, with the theme “AI and the Future of the Insurance Industry”, in Lagos.
Ilori at the event, emphasised the importance of AI adoption, noting that it was not a threat to jobs but rather a tool to improve efficiency across the insurance sector.
“It is not about AI taking over our jobs, but about us using AI to simplify processes and give maximum satisfaction to all the customers we serve whether as underwriters, brokers, loss adjusters, or in educating our members”, she said.
The workshop, which brought players in the insurance sector together, aimed to address how AI could be leveraged to transform business processes and improve customer interactions.
The Chairman of the ORC, Monica Nwachukwu, underscored the role of AI in modernising the industry, adding, “AI can automate customer and claims processes, allowing insurers to provide faster and more efficient services to their customers”.
She explained how AI could help extract data from legacy systems, enhancing decision-making processes.
“By integrating AI with APIs, insurers can feed valuable data into AI solutions to improve operations and customer service”, she added.
In his address, the Managing Partner of A4S and Training Heights, Orlando Odejide, stressed the need for companies to align their strategies with future technologies like AI, especially as they prepare for 2025.
“Any organisation that wants to grow into the future must have its strategic plan in place. If your strategy for 2025 is not ready, it should be done by October”, he advised.
He encouraged participants to think critically about how AI could be integrated into their business models to ensure they remain competitive.
“The idea is for you to use this workshop as a platform to think about your organization and how AI can help streamline your processes and improve growth”, Odejide noted.
In order to gain global respect and recognition, the National Space Research and Development Agency (NASRDA) has reaffirmed its determination to pursue its goal in ensuring that Nigeria’s space capabilities are recognised on the world stage.
The agency also reaffirmed its commitment to positioning Nigeria as a key player in the global space economy.
In a statement by the Director of Media and Corporate Communications, Dr. Felix Ale, NASRDA revealed that the Director-General of the agency, Matthew Adepoju, emphasised this during recent engagements at the 79th United Nations General Assembly and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and Global Alliance Business Association international conference in Michigan, United States.
The statement noted that Adepoju outlined a forward-thinking agenda, stressing the importance of Nigeria’s space programme as a leader in research, exploration, and technological innovation.
“Our goal is to ensure that Nigeria’s space capabilities are recognised on the world stage.
“We must foster collaborations with global space agencies to enhance our satellite capabilities and technological infrastructure”, he stated.
The NASRDA boss said the agency is focusing on enhancing satellite capabilities, expanding international collaborations, and leveraging space science for national development.
He said NASRDA will have no stone unturned in pursuit of excellence, ensuring the agency secures the necessary resources and recognition to propel it forward.
“The relationships we build today will pave the way for tomorrow’s advancements in space science.
“Innovation and progress thrive in an environment built on collaboration and inclusivity”, he stated.
He emphasised that with the support of the government, international partners, and a dedicated team, NASRDA is poised to make significant strides in the evolving global space landscape.
“We are on the brink of a new era for Nigeria’s space agency. Together, we will ensure our nation stands out in the global space economy”, he said.
Corlins Walter