Nigerian Senate has passed a bill to repeal and re-enact the Customs and Excise Management Act 2004.
The passage of the bill followed the consideration of a report by the Senate Committee on Customs, Excise and Tariffs.
The Chairman of the Committee, Senator Francis Alimikhena in his presentation on Wednesday, May 11, 2022 said the bill amongst others, seeks to assist the Nigeria Customs Service administration in driving economic growth and facilitating trade
He added that the bill when signed into law would make the NCS a legal entity under the supervision of the Federal Ministry of Finance, Budget and National Planning with a Board to serve Nigerians and facilitate international trade.
According to him, the bill which has 283 clauses, also seeks to bring the Customs and Excise Management Act in line with modern-day Customs operations globally; and provide for the NCS a consolidated single legal reference document instead of multiple enactments.
The piece of legislation also makes provision for the use of electronic documents, electronic payments and other information technology that are applicable to modern Customs Administration.
PIAK
