The house of representatives in yesterday’s plenary session approved a total of N369.136 billion as Nigeria Customs Service (NCS) budget for 2022.
Driving the news
The deputy speaker of the House of Representatives, Idris Wase, chaired the committee that reviewed the budget of NCS, reporting to the House.
- A breakdown of the customs budget shows N214.29 billion allocated for capital expenditure, N108.85 billion for personnel costs and N45.89 billion for overhead costs.
What they are saying
After reviewing the report, the House recommended that NCS immediately acquire scanners to help its officers to effectively examine containers at seaports and other places under its jurisdiction.
The lawmakers also encouraged the NCS to embark on various social responsibility projects in the communities they operate. The House believes that this would help communities join the NCS in the fight against smugglers.
Points worth noting
The House of Reps approved seven 7% or N151 billion cost of collection being projected as revenue for the service in 2022.
- Lawmakers also approved a 2% Value Added Tax (VAT) share of N14 billion willed to the service.
- The service received approval of a 60% share of the Comprehensive Import Supervision Scheme (CISS) of N60 billion as intervention fund; with an expected income of N114 billion benchmarked for 2022.