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Nairaland Forum / Nairaland / General / Politics / Customs Generates N1.3tr In 2019, Exceeds Target By N404bn (18591 Views)
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Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by ReeLoaDead(m): 4:41pm On Jan 12, 2020 |
Commentor:so why is America’s economy and per capita GDP better then Nigeria’s? |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Nobody: 4:41pm On Jan 12, 2020 |
Yet, the redundant coupist keeps plunging the shithole into GENERATIONAL DEBTS?.... Pathetic filth! 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Chukwurah003: 4:41pm On Jan 12, 2020 |
PDP would never have made that much because they will steal it all 1 Like 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Chukwurah003: 4:42pm On Jan 12, 2020 |
Seenyo: Your bitterness has not even started. PDP criminals. 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by bluefilm: 4:42pm On Jan 12, 2020 |
Sai Baba!!! |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by WeRblessed(f): 4:43pm On Jan 12, 2020 |
Still no good Road No Healthcare No constant electricity No salary paid No new job creation by the federal government Buhari still borrowing What a lost nation! |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Chukwurah003: 4:44pm On Jan 12, 2020 |
bigiyaro: Some people are angry because Nigeria is doing well. Una pain never even start. 2 Likes 2 Shares |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by jaxxy(m): 4:44pm On Jan 12, 2020 |
hmohammed: Customs deals with importation and what currency do we majorly or globally import in naira or dollars? With how high the dollar is now the revenue shud be much higher not lower unless there has been less activity. 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Chukwurah003: 4:44pm On Jan 12, 2020 |
WeRblessed: Ignorance is truly bliss. PDP criminals everywhere |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by ebube89(f): 4:44pm On Jan 12, 2020 |
helinues:you need to understand how custom works. they collect a percentage (custom duty) of the Cost value Of all goods imported into d country and use d exchange rate (dollar, pounds, Euro) to calculate how much to charge each individual/organization importing any item into d country. so if tomorrow 1dollar exchanges to 500Naira, they will naturally generate more in local currency (Naira) 3 Likes |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by OROSUNBOLB(m): 4:45pm On Jan 12, 2020 |
How has that impacted the common man on the street ? They are generating billions ,yet the impact is not felt by ordinary Nigerians. The likes of Hanna and her siblings will celebrate this in Aso rock as it means more public funds to lavish anyhow! 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Angelfrost(m): 4:45pm On Jan 12, 2020 |
Davash222: That's because certain pressing expenditures can't wait for full revenue generation... |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by GamaINasser: 4:47pm On Jan 12, 2020 |
GamaINasser: |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Josephmumu03: 4:48pm On Jan 12, 2020 |
Mumu talk then why are we still borrowing? |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by hmohammed(m): 4:50pm On Jan 12, 2020 |
jaxxy: Do you pay dollars to Nigeria customs. I believe we pay naira and not dollars. There is no need for the fx conversion. Lets praise this government whenever they get it right. Simple! 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Witchersunited: 4:51pm On Jan 12, 2020 |
GamalNasser:they didn't collect 978billion 2014 Show evidence |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Asour: 4:51pm On Jan 12, 2020 |
GamalNasser: You have a point but it is not totally fair to use this point for ANY reasonable performance assessments. For one, at the Micro/Agency level the NCS should not be assessed by any index for which their operations exert no control over directly. In absolute terms if the NCS yielded more revenue Year on Year (growth%) vs 2018 AND it did so with efficiency (i.e. its cost/revenue ratio in 2019 is less than or equal to that of 2018) The Agency has FINANCIALLY performed. If you want to dig deeper again you may adopt a base year, Say 2014, or any other and determine an inflation index with which to reassess this 2019 Revenue figures with. Adopting your approach of "Dollarization" of Financial metrics would be too GRIM a perspective. By your approach for instance, Vs 2014 $ exchange rate virtually All Nigerian companies failed and by extension all Nigerian employees performed poorly(i.e. are failures) perhaps including yourself. At a Macro level though it might be okay to look at this Metric for political banter (for the President's opposition) as it helps them amplify his failed attempt at improving our exchange rate situation. I don't believe any 8 year tenured Nigerian President can Improve our exchange rate situation though as the fall too never happened overnight. Exchange generally improves with Robustness of an economy, Increased Value added— in Manufacturing and Increased investment in human capacity Over at least 2,3,4 decades to a point of reasonable international economic competitiveness. Or do you reckon there is a Potential Nigerian President sitting somewhere now who can RAMP up our exchange rate to US$ to N1 in 4 to 5 years (even though the current president funnily impliedly promised to achieve same) ? Good help us. 3 Likes |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by castiello(m): 4:52pm On Jan 12, 2020 |
Na you no go school was dollars 360ngn in 2014? GamalNasser: 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Davash222(m): 4:53pm On Jan 12, 2020 |
Angelfrost:So, after borrowing and the revenues are fully generated, what then happens Do they pack back from the generated revenues?? You just wan make I vex this evening |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by alphaNomega: 4:55pm On Jan 12, 2020 |
GamalNasser: You sabi the code When this fucking APC government want to impress us, they quote the money in naira. Fucking baastards 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by mafnv17: 4:55pm On Jan 12, 2020 |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Agugbadin: 4:55pm On Jan 12, 2020 |
Where is the money, what was the money used for and why are we still borrowing |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by akin9ja78(m): 4:56pm On Jan 12, 2020 |
Recruite more youth now |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Nobody: 4:57pm On Jan 12, 2020 |
Chukwurah003:for the records, i campaigned/voted buhari in 2015 but dude proved to be a gross/compound fiasco & i don't support failure/stupidity! F*ck your apc/pdp cos you all are SAME self-serving THIEVES! & finally, damn your mentally mal-functional mother for birthing a brain-dead simpleton like you! Useless baaaaaaaaaaaaaastard of a thousand fathers! Bring it on...foooooooooooooool! I've got ur time..... 2 Likes 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by jaxxy(m): 4:58pm On Jan 12, 2020 |
hmohammed: We talking about foreign revenue so I think the dollars comes into play, I want to Praise this government trust me, I want them to impress me bt we need to be fair and analyze things properly and probably do proper comparisons. This is not to say they have not tried bt in reality it’s still a drop. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Smartiyke: 4:59pm On Jan 12, 2020 |
With all that achievement yet VAT was increased, electric bill was increased and hunger is every where |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by collitexnaira(m): 4:59pm On Jan 12, 2020 |
helinues: Oga, 1 yen is 55 naira So tell me how chinese yen is more useless compared to Nigeria naira Next time get your fact right before you start saying what you don't know in public 2 Likes |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by MickzyDonald: 5:02pm On Jan 12, 2020 |
No wonder the boss are always fat I remember when my grandma was still a custom � |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Udemyacc: 5:02pm On Jan 12, 2020 |
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Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by grandstar(m): 5:03pm On Jan 12, 2020 |
helinues: You are echoing his own words. The Naira was much stronger then at 155 hence the higher revenue when converted to dollars. In real terms therefore, 2014 revenues were higher. 3 Likes 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by oyepera91: 5:05pm On Jan 12, 2020 |
[Exactly.. why using Dollars as years stick.. ] Why should you be using dollars rate for internal revenue? Are we spending dollars in Nigeria? Is N1.3tr same as your N978bn? [/quote] |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Angelfrost(m): 5:06pm On Jan 12, 2020 |
Davash222: That's where checks and balance come in... Generated income ought to go into debt servicing (and bailout if possible), national savings, where necessary further projects, etc... Think entrepreneurship and business!!! It is just sad that this nation has been in a habit of mismanaging generated revenue for donkey years. This is why we don't seem to be moving forward. Guy, you no fit vex pass me jare... I don tire. 1 Like |
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