Customs Want Cars Older Than Seven Years Banned

The Nigeria Customs Service has proposed a ban on the importation of vehicles that have been used for more that seven years.

The Customs did this during the proposal of a revenue target of N1.56 trillion by  the House of Representatives’ Committee on Customs and Excise  for the NCS. This new proposal was increased from the original N1.4 trillion proposition.

The Committee resolved to increase the figure during the budget defence session held with the Controller-General of Customs, Col. Hameed Ali (retd.) in Abuja on Tuesday.

Ali protested this raise saying 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.

Chairman of the committee, Leke Abejide, said the lawmakers would retain the targets on duties and Value Added Tax collection as the Customs was able to surpass the reduced target during the lockdowns while the COVID-19 pandemic was already over.

Abejide said, “The 2021 proposal that Customs brought to us; we compared notes of what was presented to us in the 2020 fiscal year and what was collected by the service. There was a proposal of N1.4tn.