2025 : NASS proposes N12trillion revenue projection for Customs, N180billion for NDIC

Godswill Akpabio

The National Assembly through its joint committee on Finance has jerked up revenue projections for Nigeria Customs Service ( NIS ) from proposed N6.5trillion to N12trillion in the 2025 fiscal year .

It also jerked up that of the Nigeria Deposit Insurance Corporation ( NDIC ) from N163.3billion to N180billion .

The two separate but similar decisions of the joint committee were taken on Tuesday when Chief Executives of the federal government owned agencies appaered before it for defence of 2024 budget and revenue projections for 2025 fiscal year .

First to make presentation on revenue projections for the 2025 fiscal year , was the Comptroller – General of Nigeria Custom Service, Bashir Adewale Adeniyi who said that having generated N6.1trillion in 2024 , Customs will comfortably generate N6.5trilliin in 2025.

But the Chairmen of the joint committee i.e, Senator Sani Musa and Hon James Faleke in their separate remarks , told the Customs CG , that the 2025 projected revenue should be far above N6 5trillion .

Senator Sani Musa in particular , said N10million should be the minimum revenue generation target for customs in 2025 which was however increased to N12trillion based on suggestions made to that effect by some other members of the committee .

” Based on aggregate of opinions expressed by members of this committee, the Comptroller – General of Customs , should aim at generating N12trillion revenue for Nigeria in 2025 which almost doubles the N6 5trillion proposed by Customs itself “, he said .

Similar ambitious revenue generation projection was made for NDIC when its Managing Director and Chief Executive Officer , Mallam Bello Hassan , made presentation on defence of 2024 budget and revenue projection for 2025.

The NDIC boss in his presentation , informed the committee that n163.3billion was projected as revenue generation in 2025 which was described as very low by the Chairman of the committee, Senator Sani Musa .

Senator Sani Musa after consultation with the co – chairman, Hon James Faleke , proposed N180billion for the Insurance body as projected revenue for 2025 .

Facebook Comments Box
Copyright 2024 ROYAL NEWS. All rights reserved. Digital material on this website, may not be published, reproduced, broadcast, rewritten or redistributed in whole or in part without prior express written permission from ROYAL NEWS.
 

For Adverts and News/Event Coverage, contact 08061346946, 07030849251. Or email info@royalnews.com.ng

Download ROYAL NEWS app

Html code here! Replace this with any non empty raw html code and that's it.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe

Popular News

Latest News

More like this
Related

Yakubu Garba Gobir: The New Sarkin Gobir and History

By Abubakar Imam Last Tuesday (February 4, 2025), the Emir...

Service provider: CSO cautions NAHCON, SMPWBs against trauncating smooth Hajj operations

A faith-based registered Civil Society Organization, CSO, the Independent...

We must retire together, Senior Police Officers Threaten Egbetokun

Six senior police officers implicated in age falsification and...

Keyamo Signs Amended BASA Agreement With UAE

...Secures Technical Training For Aviation Sector The Minister...

Emir of Ilorin hails appointment of Binta Mora as GM Harmony FM

The Emir of Ilorin and Chairman Kwara State Traditional...

PHOTO NEWS: Ciroman Ilorin arrives in Kano for BUK’s 39th Convocation Ceremonies

The Ciroma of Ilorin Emirate, Barr. Abubakar Bature Sulu-Gambari...

JUST IN…Emir Sulu-Gambari to turban Yakubu Gobir as 10th Sarkin Gobir of Ilorin Emirate

The Emir of Ilorin and Chairman Kwara State Traditional...

Senate urges FG to include North East in Super Highway Projects

The Senate on Thursday urged the Federal Government of...

Omar Bolaji Gambari Supports Education With Free JAMB Forms Across Kwara

Mallam Omar Bolaji Gambari, a 2027 gubernatorial aspirant in...

Birthday: You’re an incredible, valuable asset to humanity, Emir Sulu-Gambari greets Etsu Patigi

The Emir of Ilorin and Chairman Kwara State Traditional...

FG thanks Polytechnic lecturers for resuming work

The Federal Government has thanked the Academic Staff Union...

Missile Launch: S/Korea replies N/Korea with bombs

South Korea’s air force effectively fired back at North...

NNPC to supply 300,000 barrels of crude to Dangote Refinery

The Nigeria National Petroleum Company (NNPC) Limited says it...

Secured Cyberspace Will Accelerate Digital Economy – DG NITDA

The Director General, National Information Technology Development Agency (NITDA),...

I’m not born again — Wike vows to retarliate amid PDP crisis

The Peoples Democratic Party, PDP, Governor Nyesom Wike has...

Court remands NCRI Executive Director in Prison

By Hammed Salawu, Minna A Federal high court in Minna...

(UPDATED) JUST IN…UNILORIN announces programmes for 39th convocation ceremonies

The Attorney-General of the Federation and Minister of Justice,...

BREAKING…. Oba of Lagos, Obaseki, others escape death

Oba of Lagos, Oba Rilwan Akiolu, the Governor of...

Kwara govt. votes more resources to go into public welfare

Kwara State Governor AbdulRahman AbdulRazaq has said the administration...

Train attack: We’re disappointed in Buhari, Amaechi—– Abductees families

Families of the over 100 persons still in captivity...