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Home » FEC Approves N1.5bn For Nigeria Customs To Procure Operational Vehicles

FEC Approves N1.5bn For Nigeria Customs To Procure Operational Vehicles

by Joshua
November 4, 2021
in News

The Federal Executive Council (FEC) has approved the procurement of 46 units of vehicles for operational and administrative use by the Nigeria Customs Service (NCS).

FEC

The Minister of State for Budget and National Planning, Clem Agba, briefed State House correspondents after a virtual FEC meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja.

The minister said that the vehicles would bolster the operational efficiency of the service and increase revenue generation.

“Today, council approved the procurement of 46 units of vehicles, these are for operational and administrative use by the Nigeria Customs Service.

“This was awarded to Messrs Elizade Nigeria Limited at the total cost of N1.5 billion and this amount is inclusive of the 7.5 per cent VAT.

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“Recall that the last set of procurement of vehicles that was done for Customs was in 2017 and 2020.

“And in 2020, we did see a whole lot of huge seizures that was made by the Nigeria Customs and also the performance in terms of revenue.’’

He said that as at August 2021, the NCS had over performed the prorated rate of the target that it was given.

“So, council believes that with the provision of these additional vehicles, it will also be enhancing not only their effectiveness but their efficiency and then, more revenue will be generated,’’ he said.

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Tags: Federal Executive CouncilNigeria Customs Service

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