National Economy
Thursday, September 18, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Clearing Agents Seek Withdrawal Of Customs Bill Over AfCFTA Breach

by Yusuf Babalola
3 years ago
in Business, News
Reading Time: 2 mins read
Buhari
Share on FacebookShare on TwitterShare on Telegram

The National Council of Managing Director of Licensed Customs Agents (NCMDLCA) has urged President Muhammadu Buhari and the minister of finance, budget and national planning, Zainab Ahmed, to order the withdrawal of the Nigeria Customs Service (NCS) draft bill 2022 from the National Assembly, saying it does not reflect the Trade Facilitation Agreement (FTA) and the African Continental Free Trade Area (AFCFTA) doctrines.

The president of NCMDLCA, Lucky Amiwero, said due to the importance of the Customs and Excise Management Act (CEMA) to the economy as an instrument that assists the federal government to formulate proper trade and fiscal policy direction, the draft bill must be withdrawn, reviewed and redrafted to accommodate the shortfalls of international conventions, treaties and protocol missing in the draft.

Amiwero said the 2022 bill, which still has the same content as the bill that was rejected by the federal government in 2013, is now represented in both the Senate and the House of Representatives without been subjected to public hearing.

He said the conflicting 283 clauses in the Nigeria Customs Service bill will hinder trade, fiscal policy, international investment and protection of the international trade community.

You May Like

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

FG Disburses N330bn To 15m Vulnerable Households

“The bill is not for the personnel of the NCS as has been designed, structured and titled, but as an instrument to regulate Trade and Fiscal policy of the economy by the Federal Government.

“Globally, Customs Act is trade instrument designed based on international conventions, for universal trade application that is structured such that the President of the country proclaims, designate, declares and initiates policies, while the minister regulates policies; the NCS board gives the direction of policies and the Customs service implements the policies.

“In the draft bill, NCS was unduly allocated with uncontrollable powers over the president, the ministers and other government agencies on policy-making, regulation of the economy on trade and fiscal policies as well as other matters, which negate the principle of global best practice on administration, control and management of Trade/Customs Act.

“In the bill, Customs initiate, regulate, direct and implement as well as serve as judge, lawyer and prosecutor, which contravenes the WTO, WCO, IMO, UNCTAD, TFA, Kyoto convention, procedures, rules and regulation and other international treaties, which Nigeria is a contracting party,” Amiwero said.

Tags: AFCFTA
ShareTweetShare
Previous Post

CBN Issues National Licence To TAJBank

Next Post

We Have No Secret Naira, Dollar Accounts – NPA

ANOTHER GOOD READ

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos
Business

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

4 hours ago
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones
Business

FG Disburses N330bn To 15m Vulnerable Households

4 hours ago
Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*
News

Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*

21 hours ago
LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta
Business

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

2 days ago
SEREC Links Steel Industry’s Decline To Poor Ports Infrastructure
News

SEREC Links Steel Industry’s Decline To Poor Ports Infrastructure

3 days ago
Nigeria, Others To Brainstorm On Sustainable Energy Goals
News

Nigeria, Others To Brainstorm On Sustainable Energy Goals

3 days ago
Next Post
NPA MD, Bello-Koko, Congratulates Sambo As Transport Minister

We Have No Secret Naira, Dollar Accounts – NPA

Most Recent

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

September 18, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Disburses N330bn To 15m Vulnerable Households

September 18, 2025
Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*

Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*

September 17, 2025
LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

September 16, 2025
How Fintech Can Untie Puzzle At  Bottom Of The Pile

How Fintech Can Untie Puzzle At Bottom Of The Pile

September 15, 2025
16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

September 15, 2025
Nigeria Cricket Federation To Hold AGM, Board Elections Sept 20

Nigeria Cricket Federation To Hold AGM, Board Elections Sept 20

September 15, 2025
Nigerian U-20 Captain Daniel Joins Slovenian Club

Nigerian U-20 Captain Daniel Joins Slovenian Club

September 15, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy