90% of Goods Brought in via Ports are Under-declared, says NSC
The Nigerian Shippers Council (NSC) has disclosed that 90 percent of the goods brought into Nigeria through ports are under-declared.
The Council said the act has led to huge loss of revenue by the federal government.
The Council also said there was no need for Nigeria to depend on oil stating that the transport sector has the capacity to finance Nigerian budget.
This was disclosed in Abuja by the Executive Secretary of the NSC, Barr. Hassan Bello during a courtesy call on the Ag. Chiarman of Independent Corrupt Practices & Other Related Offences Commissiont (ICPC), Dr. Musa Abubakar.
Bello said: “No matter how hard we try to bring development, there are two key issues; security and corruption. If we don’t fight these, then I am afraid that the progress will not be much.”
“Corruption at the ports and the transport system is particularly damaging to the economy of this country.”
On steps made to curb corruption at the ports, Bello said: “We have unveiled a technology we put at the port that will make us know when the containers arrive, their position and everything. So the issues of dwell time of cargo and collision will be a thing of the past.”
“We also have the Cargo Tracking Note or Advance Cargo Information System. 90 percent of goods coming into Nigeria are under-declared. It is not the value. There is massive connivance to reduce the value of goods so that people don’t pay the actual import duty.”
“Government is losing a lot of revenue and there is so much leakage. If we introduce the Advance Cargo Tracking Note (ACTN), the value of goods coming in will be known. So there will be no hiding.”
He also said the device has the capacity to reduce proliferation of firearms and other illegal items.
“The amount of weapons coming in and other illegal things coming in through the sea borders is alarming. With the ACTN, there is no how we will not have information about what is happening and it will help reduce how these illegal arms are brought into the country.”
Bello also said the transport sector has the capacity to finance the budget of the country if the activities at the ports and the transport system are well streamlined.
He said: “Transport sector can finance the budget of this country. There is so much in the transport sector but it needs to depend on oil. There is so much wealth and productivity in the port but we just need to release it from the clutches of corruption.”
Responding, the Ag. Chairman of ICPC pledged to continue to collaborate with the Council as to boost the country’s revenue.
Subscribe for your copy/copies now