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The Comptroller-General of Customs, Col. Hameed Ali (retd), on Monday told the Senate that the Nigeria Customs Service under his watch generated only N720 billion in 2016.
Hameed Ali who made the disclosure while defending the budget of the service before the Senate Committee on Customs, Excise and Tariff on Monday in Abuja, blame several factors, including the absence of scanners at the ports and the inability to raise duty on some luxury goods.
”The shortfall in the performance is due to the fact that no revenue was collected on luxury items and polished rice levy because of lack of legal backing to enforce collection of luxury items and no importation of polished rice.
Ali said that the approved revenue target for 2016 was N937 billion comprising of 862 billion for the federation and N75 billion for non-federation.
He added that the service, however, collected total revenue of N720.7 billion or 77 per cent during the period.