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Nairaland Forum / Nairaland / General / Politics / Customs Generates N1.3tr In 2019, Exceeds Target By N404bn (18544 Views)
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Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by urahara(m): 5:10pm On Jan 12, 2020 |
GamalNasser: They are earning less because Nigerians are importing less due to the 2014 recession. Not a buhari problem. 1 Like 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by urahara(m): 5:10pm On Jan 12, 2020 |
GamalNasser: They are earning less because Nigerians are importing less due to the 2014 recession. buhari is not the cause. 2 Likes 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Liposure: 5:12pm On Jan 12, 2020 |
Well done NCS |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Aufbauh(m): 5:12pm On Jan 12, 2020 |
GamalNasser: Most times i feel lay back to respond to inept mischievous analysis like this your write up. However I am burdened to do so cus of those gullible kids you might be misleading out of your own obvious bitterness. And also to broaden your scope of critical analysis. Common sense should have informed you that the importation which is the major source of customs revenue has dropped by 40% since 2014 due to the items on the exclusive list. Nevertheless, the NCS have managed to generate this much, means a lot of effort in the revenue drive and blockage of loopholes which is the old order. 5 Likes 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by bezimo(m): 5:18pm On Jan 12, 2020 |
Davash222: A good question that suggest is either someone is lieing or not telling the truth.. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by smokeindasky(m): 5:18pm On Jan 12, 2020 |
Money stolen from Igbo traders |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Detolanny(m): 5:20pm On Jan 12, 2020 |
helinues:y Hello Sir, it's FIRS that generates internal revenue not Nigeria Customs. The revenue generated by customs are from imported goods which are valued in USD. Customs charge a particular rate on each imported commodity based on the dollar value, hence the reason why all revenues by customs must be valued in USD and later converted to naira. The guy you quoted is right, the 2019 revenue is nothing compared to 2014 revenue going by prevailing exchange rates that is applicable. If someone generated $10,000 in 2014 and the exchange rate was #165, the the naira equivalent will be #1,650,000 but if someone else generate $7,000 in 2019 and using the official exchange rate of #305 (let's rule out the actual exchange rate of #361/$1), the naira equivalent will be #2,135,000. To an uninformed person, the 2019 performance was far better than 2014 performance, if you judge by naira value but but to a more informed individual who digs deeper, he/she will know that the revenue was initially based on USD but later converted to naira. The peeps at the helms of affairs knew all these that's why they intentionally gave you the values in naira. Don't allow anybody to pull the wool over your eyes. Shine your eyes and use your brain. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Osgilliat(m): 5:26pm On Jan 12, 2020 |
GamalNasser: Wow! So much was generated in 2014 under that administration. You must be living in glass house by now built for you by the 2014 admnistration, with tiled roads surrounding it.. 24 hours power and clean water running. Wow! 2 Likes 1 Share |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Realstick941: 5:27pm On Jan 12, 2020 |
these are the kind of things dat makes me appreciate Buhari.....even though messes up sometimes 2 Likes |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by awa(m): 5:27pm On Jan 12, 2020 |
What did the Govt used it for then... I am not impressed ![]() |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by cassidy1996(m): 5:34pm On Jan 12, 2020 |
Bossontop:seems you read my mind....thumbs up |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by paix(m): 5:41pm On Jan 12, 2020 |
Davash222:Believe everything you hear from the APC at your own peril. All they are saying is just paper work. The only they know how to do best, is to borrow and borrow. Nothing more. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by megautche: 5:47pm On Jan 12, 2020 |
https://twitter.com/BudgITng/status/1215580772444274689?s=20 This is the report from the Budget office so I wonder where the 1.3tr is coming from |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by megautche: 5:51pm On Jan 12, 2020 |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Minjim: 5:51pm On Jan 12, 2020 |
And where is the money. The president's is using what's meant for all of us to massage her obsession. Prosperity will judge that General in Agbada |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Commentor: 5:52pm On Jan 12, 2020 |
ReeLoaDead: Because most Nigerians are unproductive. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Nobody: 5:53pm On Jan 12, 2020 |
ManirBK: As they generate more n more money, nigerians get poorer. Interesting. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by trilobite: 5:54pm On Jan 12, 2020 |
helinues: Yikes!!! ![]() ![]() ![]() ![]() Please, read wetin you type again |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by bigiyaro(m): 5:56pm On Jan 12, 2020 |
Chukwurah003:for ur tiny mind, Nigeria is doing well, metcheeeww, I don't blame u sha, lack of exposure is to blame. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Commentor: 6:00pm On Jan 12, 2020 |
ebube89: Why do you guys hate good news? The target of the customs was surpassed by half a trillion Naira despite a stable currency. How could that be a bad thing ? 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Commentor: 6:01pm On Jan 12, 2020 |
Chukwurah003: I have never seen so many bitter people in a country before. 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by egoldman(m): 6:01pm On Jan 12, 2020 |
hmohammed: Ask yourself why china give loans in Chinese Yen, but in dollars. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by kabawa(m): 6:12pm On Jan 12, 2020 |
joyandfaith: Where do you expect the Federal government to get money remitted to it's account from, aside revenue ![]() Expanciate!!! 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by joyandfaith: 6:20pm On Jan 12, 2020 |
kabawa: usually those agencies keep on telling us amount they generated yearly but they are not telling us operating cost of generating those revenue or running those agencies. I think the public is interested in amount being remitted to faac. 1 Like |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by bigbauer(m): 6:21pm On Jan 12, 2020 |
helinues: More useless yet a Chinese Yuan is worth 52Naira. Please how do you define "Useless compared to Nigeria Naira"? |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by rotile247(m): 6:25pm On Jan 12, 2020 |
GamalNasser: No of course especially if converted to dollars vis-a-vis earnings in the last administration 2 Likes |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by ada9ja(f): 6:31pm On Jan 12, 2020 |
GamalNasser: Y dont u use naira value to measure USA achievement....mumu dey worry you.... |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by SamjohnnyB(m): 6:32pm On Jan 12, 2020 |
decoderdgenius:Nothing on ur signature sir |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by Deepthoughts: 6:35pm On Jan 12, 2020 |
ManirBK:This is how they will be hyping Ali until someone takes over only to discover that it was all cook up figures, this administration n magumagu na 5&6. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by plaindealer: 6:38pm On Jan 12, 2020 |
GamalNasser: If you are are going to compare revenues between then and now, you should at least clearly express the reasons why the dollar figure was more than today. The currency value then and now are not the same so it's very mischievous and disingenuous on your part to throw out numbers and differences while ignoring or failing to address the differences in currency value then and now which is the ultimate reason for the difference and of course a few other reasons like ban on certain imports. Bottom line regardless of your half backed and deceptive argument, the Nigerian customs generated more now than 2014. |
Re: Customs Generates N1.3tr In 2019, Exceeds Target By N404bn by GamalNasser: 6:42pm On Jan 12, 2020 |
plaindealer: You are not smart.not smart |
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