By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Germane ReportersGermane Reporters
  • Home
  • Politics
  • Election
  • World News
  • Video Layouts
  • Pages
    • Health
    • Entertainment
    • Technology
    • Business News
    • Metro News
    • Culture
    • Religion News
    • Uncategorized
  • Contact
  • About
Search
  • Advertise
© 2022 germane reporters. Design By AkureNews. All Rights Reserved.
Reading: Nigeria Blames Benin Republic Over Low Imports
Share
Aa
Germane ReportersGermane Reporters
Aa
  • Politics
  • Entertainment
  • World News
  • Technology
  • Fashion
Search
  • Home
    • Home 1
  • Categories
    • Technology
    • Entertainment
    • Fashion
    • Politics
    • World News
    • Health
  • Bookmarks
  • More Foxiz
    • Sitemap
Follow US
  • Advertise
© 2022 germane reporters. Design By AkureNews. All Rights Reserved.
Germane Reporters > Uncategorized > Nigeria Blames Benin Republic Over Low Imports
Uncategorized

Nigeria Blames Benin Republic Over Low Imports

admin
Last updated: 2023/02/16 at 8:18 AM
admin
Share
3 Min Read
SHARE

The Nigeria Customs Service has said the drop in the country’s imports is a result of the hostile trade policy of the Benin Republic.
This was disclosed by the Customs Area Controller in charge of Seme command, Dera Nnadi, recently at the command headquarters.

He blamed the Benin Republic’s trade policy for the dearth of imports through the command.

Nnadi also said the command recorded five import declarations with a total duty paid value of N13m paid in 10 days.

“The command recorded only five declarations of import within this period with a total of N13.38m paid as a duty. The dearth in import is as a result of the trade policy introduced by the Republic of Benin which traders and indeed the service consider hostile to Nigeria,” he explained.

According to him, within the period under review, 122 trucks carrying 3.77 metric tons of made-in-Nigeria products were exported.

Nnadi added that the exported products had a free onboard value of N523m and the National Export Supervision Scheme fee of N2m.

“In line with keeping to that promise but bearing in mind the challenges of the command as one that is still recovering from the effects of the border closure, the command has facilitated the movement of export trucks. Under the Economic Community of West African States Trade Liberalisation Scheme, 70 trucks with fees amounting to N1m were collected. There were 81 baggage declarations with duty amounting to N4m. The items imported under this arrangement included food products and beverages produced within the sub-region,” he further stated.

Nnadi disclosed that the revenue of the command had not improved since the reopening of the land borders.

He remarked, “It is worthy of note that the major source of revenue of the command (import/export) has not been enhanced since the opening of the land borders as directed by the Federal Government of Nigeria, as the traders are still bracing up with the challenges of having been out of business for over two years. It is important to note that the 2022 fiscal policy measures by the Federal Ministry of Finance lifted the ban on the export of goods imported into Nigeria hitherto prohibited under item 8 Schedule 6 of the Common External Tariff.

“Let me at this interval, appreciate the collaborative efforts of other sister agencies in the fight against smuggling and appeal for their continuous support. It is important to note that activities embarked upon by the command were patriotic duties in the interest of national security and the economic well-being of Nigeria. NCS operatives in observance of the rules of engagement will continue to carry out their legitimate duties as prescribed by the law.”

You Might Also Like

MHR : ÒGO ÀKÚRÉ OBTAINS APC EXPRESSION OF INTEREST AND NOMINATION FORM

A BOLD STEP FOR PROGRESS : LAF PICKS NOMINATION FORM & EXPRESSION OF INTEREST FORM

Nigeria Urged to Fix Policy Gaps, Build Trust Infrastructure To Unlock SME Financing

AIYEDATIWA APPOINTS ACTING RECTOR FOR RUGIPO

GOV AIYEDATIWA SET TO REVIEW MINIMUM WAGE IMPLEMENTATION AT RUGIPO

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin February 16, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Naira Scarcity : Buhari Set To Extend Date By Days
Next Article Police to deploy over 400,000 joint security personnel across polling units — IGP
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe
4.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

MHR : ÒGO ÀKÚRÉ OBTAINS APC EXPRESSION OF INTEREST AND NOMINATION FORM
Uncategorized April 30, 2026
A BOLD STEP FOR PROGRESS : LAF PICKS NOMINATION FORM & EXPRESSION OF INTEREST FORM
Uncategorized April 30, 2026
Fresh Abduction In Kwara As Gunmen Kill Farm Worker, Demand N20m, Motorcycles
Crime April 29, 2026
Olukare of Ikare, Oba Akadri Momoh, Olukare In Council Endorse ATM for Senate 2027
Politics April 29, 2026
//

We influence 20 million users and is the number one business and technology news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form id=”847″]

Germane ReportersGermane Reporters
Follow US

© 2022 Germane Reporters. Design By AkureNews.com All Rights Reserved.

  • Advertise
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[forminator_form id="2288"]
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo