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Contractors get charge as Otu breaks ground for $2b Resort.

Contractors get charge as Otu breaks ground for $2b Resort.

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Customs surpasses Q1 target, tackles smuggling, boosts trade facilitation measures This is cherry news for those in power, as the Nigeria Customs Service (NCS) announced that it raked in a princely sum of ₦1.75 trillion in revenue during the first quarter of 2025. This figure, according to NCS, surpassed its quarterly target by ₦106.5 billion and marking a 29.96 per cent increase over Q1 2024. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Tuesday, 22 April 2025, at a press briefing held at the Service Headquarters in Abuja. “These results substantiate our effective measures to curb revenue losses while streamlining compliant trade,” Adeniyi stated. “The 29.96 per cent annual increase and steady monthly collections confirm our strategy is working.” According to the CGC, January recorded the highest monthly collection at ₦647.88 billion, exceeding its target by 18.12 per cent and reflecting a 65.77 per cent increase compared to last year. February and March also recorded impressive performances, surpassing their targets and continuing the positive trend. In enforcement, the Service made 298 seizures worth ₦7.7 billion in Duty Paid Value (DPV). Items seized included 135,474 bags of rice, 65,819 litres of petroleum products, ₦730 million worth of narcotics, and wildlife products with a DPV of ₦5.6 billion. “From rice to wildlife, these seizures demonstrate our targeted approach,” the CGC said. “We remain committed to refining our enforcement strategies through intelligence-led operations, technological advancement, and strengthened inter-agency cooperation.” The Service also processed 327,928 import declarations—a 5.28 per cent increase over Q1 2024—representing goods with a total mass of nearly five billion kilograms and a CIF value of ₦14.8 trillion. Though export declarations decreased, export volumes surged by 348 per cent, indicating a shift towards bulk shipments. “This data clearly suggests Nigeria’s accelerating move towards bulk commodity exports,” Adeniyi noted, “while maintaining consistent total export value—reflecting both changing trade patterns and improved processing efficiency.” Highlighting key modernisation milestones, the CGC announced the continued roll-out of the locally developed B’Odogwu customs clearance platform and the launch of the Authorised Economic Operators (AEO) Programme, which provides expedited processing and reduced inspections for compliant traders. The Service also launched its Corporate Social Responsibility initiative, Customs Cares, supporting education, healthcare, and social welfare in communities nationwide. “Customs Cares represents a structured, scalable approach to community development—transforming corporate responsibility into tangible improvements,” the Customs Boss said. On food security, the CGC highlighted the Service’s role in implementing duty waivers on key staples, contributing to lower food prices nationwide. “This combination of current and past exemptions helps explain the steady improvement in food affordability. The benefits of duty relief emerge gradually but accumulate to make food more affordable,” he stated. Despite these achievements, challenges remain. The CGC pointed to exchange rate volatility, 62 recorded changes during the quarter, and ongoing non-compliance issues, particularly smuggling. “We continue to adapt our strategies to combat increasingly sophisticated smuggling networks,” he said. Looking ahead, the CGC reaffirmed the Service’s strategic focus on modernisation and enhanced service delivery. “We’re not just collecting figures—we’re shaping the future of trade and security in Nigeria,” he concluded. “The numbers show we’re delivering.”

By Onwa Ekor, Calabar

 

 

 

Cross River governor, Prince Bassey Otu, has charged contractors and consultants handling the 2 billion dollars Calabar sports resort and leisure hotels, to obey regulations.

The project which is the remodeling of the Calabar stadium hostel to the Calabar Sports and Leisure hotel, will
see to the state having a 72 rooms international sports hostel, 400 capacity hamlets, world class gym, refurbished volleyball and basketball courts, an automated parking lot and the project, expected to be completed by December this year.

Speaking at the ground breaking ceremony held at Brig. U J Esuene stadium in Calabar, the governor enjoined them to follow all regulatory steps and put up a solid edifice that would be a cynosure of all eyes.

“We want to see you obey regulations, we want to see you follow all the regulatory steps and put a very solid edifice in place and of course we will be proud of you.

“We want to see a completely remodeled and refurbished stadium, as a matter of fact, when this stadium was set up, we did not have the population that we do now, now we have quadruple the population, so we need proper expansion which government is looking into.

“Put things together to compliment and make the place a rallying point as it will be a beehive of activity attracting soldiers, tourists and many more others,” Otu directed.

Continuing, the governor who earlier paid tributes to the Pioneer military Administrator of the state, Brig. U J Esuene, for putting up the stadium, remarked that the state has sports facilities which at the moment are over due, hence the need to inject life into the sector.

Otu also reminded the contractors that “we did not set timelines, you came up with timelines, I know that definitely before Carnival, this Resort will be ready.”

Deputy Chairman, Board of Director of Finance, Edulumen Nigeria Limited, Otunba Adisa Fapohunda, assured that his company will not bring down any building in the stadium, rather would be preserving all the memories as well as other sporting facilities.

Fapohunda who disclosed that the project cost stands at about two billion dollars, maintained that with over 70 years experience as a company, it would offer the state an integrated sporting facility.

For the duo of Managing Director, Square Builders Nigeria Limited, Usman Bashir and Dr. Samjeh Oscar of Edulumen Nigeria limited, the project would be delivered before this year’s Carnival, even as the funding from start to finish would be handled by the companies.

Earlier, Cross River commissioner for sports, Agnes Atsu, argued that since government cannot sponsor sports development alone because of its capital intensive nature of funding, the Ministry decided to collaborate with private sectors in order to promote and develop the sector.

“We are thinking outside the box to make investors come and turn our hitherto moribund facilities into a world class sporting facility that will attract a lot of international hosting rights and other hostings to Cross River, thereby generating revenue for the state, as well as groom our grassroots sports.

The event was organized by the Cross River Ministry of sports development in partnership with Square Builders Nigeria Limited and Edulumen Nigeria Limited.

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Customs surpasses Q1 target, tackles smuggling, boosts trade facilitation measures This is cherry news for those in power, as the Nigeria Customs Service (NCS) announced that it raked in a princely sum of ₦1.75 trillion in revenue during the first quarter of 2025. This figure, according to NCS, surpassed its quarterly target by ₦106.5 billion and marking a 29.96 per cent increase over Q1 2024. The Comptroller-General of Customs, Adewale Adeniyi, disclosed this on Tuesday, 22 April 2025, at a press briefing held at the Service Headquarters in Abuja. “These results substantiate our effective measures to curb revenue losses while streamlining compliant trade,” Adeniyi stated. “The 29.96 per cent annual increase and steady monthly collections confirm our strategy is working.” According to the CGC, January recorded the highest monthly collection at ₦647.88 billion, exceeding its target by 18.12 per cent and reflecting a 65.77 per cent increase compared to last year. February and March also recorded impressive performances, surpassing their targets and continuing the positive trend. In enforcement, the Service made 298 seizures worth ₦7.7 billion in Duty Paid Value (DPV). Items seized included 135,474 bags of rice, 65,819 litres of petroleum products, ₦730 million worth of narcotics, and wildlife products with a DPV of ₦5.6 billion. “From rice to wildlife, these seizures demonstrate our targeted approach,” the CGC said. “We remain committed to refining our enforcement strategies through intelligence-led operations, technological advancement, and strengthened inter-agency cooperation.” The Service also processed 327,928 import declarations—a 5.28 per cent increase over Q1 2024—representing goods with a total mass of nearly five billion kilograms and a CIF value of ₦14.8 trillion. Though export declarations decreased, export volumes surged by 348 per cent, indicating a shift towards bulk shipments. “This data clearly suggests Nigeria’s accelerating move towards bulk commodity exports,” Adeniyi noted, “while maintaining consistent total export value—reflecting both changing trade patterns and improved processing efficiency.” Highlighting key modernisation milestones, the CGC announced the continued roll-out of the locally developed B’Odogwu customs clearance platform and the launch of the Authorised Economic Operators (AEO) Programme, which provides expedited processing and reduced inspections for compliant traders. The Service also launched its Corporate Social Responsibility initiative, Customs Cares, supporting education, healthcare, and social welfare in communities nationwide. “Customs Cares represents a structured, scalable approach to community development—transforming corporate responsibility into tangible improvements,” the Customs Boss said. On food security, the CGC highlighted the Service’s role in implementing duty waivers on key staples, contributing to lower food prices nationwide. “This combination of current and past exemptions helps explain the steady improvement in food affordability. The benefits of duty relief emerge gradually but accumulate to make food more affordable,” he stated. Despite these achievements, challenges remain. The CGC pointed to exchange rate volatility, 62 recorded changes during the quarter, and ongoing non-compliance issues, particularly smuggling. “We continue to adapt our strategies to combat increasingly sophisticated smuggling networks,” he said. Looking ahead, the CGC reaffirmed the Service’s strategic focus on modernisation and enhanced service delivery. “We’re not just collecting figures—we’re shaping the future of trade and security in Nigeria,” he concluded. “The numbers show we’re delivering.”