Nigeria Customs propose ban on vehicles above seven years

The House of Representatives’ Committee on Customs and Excise has proposed a revenue target of N1.56tn for the Nigeria Customs Service in 2021, up from the original N1.4tn proposition.

The amount was set for the NCS in 2020 before the outbreak of the coronavirus pandemic that led to a downward review of the target to N1.3tn.

The committee resolved to jerk up the figure at a budget defence session held with the Controller-General of the NCS, Col. Hameed Ali (retd.), in Abuja on Tuesday.

Ali, however, decried that the African Continental Free Trade Area and the World Trade Organisation agreements entered into by Nigeria were already affecting the country’s revenue negatively.

The Customs proposed a ban on importation of vehicles that had been used for more than seven years.

According to the NCS boss, the more the Federal Government reduces the number of used vehicles in Nigeria, the better for the country.

He said, “We are now working on a policy proposal that will reduce the years of the vehicles that will be imported into the country as used vehicles.

“Our own is to ensure that we have roadworthy vehicles and that is not to say that we want to kill our own home-grown industries.

“It is our hope that our own industries will begin to produce vehicles that we can afford to buy and reduce importation of used vehicles.”

-Punch