Customs waivers of over N2 trillion surpasses revenue by 71% in 2021

Customs

The Nigerian government in 2021 granted waivers, incentives and exemptions worth N2.296 trillion to different institutions through the Nigerian Customs Service (NCS), data from the country’s Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP:2023-2025), have shown. NCS’s total revenue collection in 2021 was N1.34 trillion, according to the document, which implies that the total […]

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