Showing posts with label Import duties. Show all posts
Showing posts with label Import duties. Show all posts

Wednesday, 7 October 2015

Friday, 31 July 2015

Revoke waivers on rice & others - Senate tells FG

Revoke waivers on rice & others - Senate tells FG



The Senate on Thursday passed a resolution urging the Federal Government to revoke all import waivers on rice and other agricultural products and ensure all outstanding revenues were collected. In a two-prayer motion moved by Senator Rafui Ibrahim (APC Kwara South), the Senate set up a nine-man committee to look into all waivers, concessions and grants.

The committee, headed by Adamu Aliero (APC Kebbi Central), is charged with the responsibility of reviewing all such related policy to recover all government revenues and block leakages. In his remark, the President of the Senate Bukola Saraki, said that the Ad hoc Committee was hinged on the determination of the new administration to cut revenue leakages.

Saraki said that there was an urgent need to protect the nation’s agriculture to ensure self sufficiency rather than relying on importation. He expressed displeasure at the impunity with which people who owed government billions of naira continued to do businesses free as if “nothing will happen”.

“This too must stop; this is the first ad hoc committee that will be set up for this kind of thing and the committee will not stop until every penny is recovered,” he said. He, therefore, charged members of the committee to be relentless in discharging their function.

Earlier, some senators who made contribution advocated complete removal of all waivers, concessions, and grants on all products and commodities that could be manufactured locally. Senator Philip Aduda (PDP FCT), gave example with cement production in the country and said that for any local production to thrive, importation of such products must be stopped.

He argued that waivers should only be given on products that were required but not produced locally.
“There is an urgent need to review the granting of waivers, especially on finished goods, whatever is produced in Nigeria should not be granted waivers.

Senator Eyinaya Abaraibe (PDP Abia-South) supported the motion, and noted that waivers were good at the inception but should have long been stopped. He said that the removal of waiver should serve as a starting point in doing away with all government policies that had hampered local manufacturing.

Abaribe recalled that when the Federal Government banned importation of furniture, there was huge investment in the local industry but regretted that ban was lifted shortly after. “We should task all our committees to look inward and see to it that all policies that are inimical to the economy of Nigeria are reversed.

Senator Dino Mileya (APC Kogi-West) advocated a drastic measure on the motion, alleging that there was collaboration between the Customs Officials, Ministry of Finance and importers. He said importers currently owing the government should not be allowed to clear their goods in the ports until they paid in full what they owed.

Senator Ibrahim Gobir (APC Sokoto East) expressed fear that if allowed to continue, waiver on rice import alone would cost Nigeria N2.4 trillion by 2015. Gobir argued that the money saved from the waivers could be used to establish industries in the country to employ over 5,000 Nigerians in every state.

He also advocated that waivers should only be granted on products that were not being produced locally. Senator Ali Wakili (APC Bauchi South), a former Comptroller of Customs Service, vindicated the service on the alleged collaboration, saying that the service merely implement the policies on waivers.

He alleged that issuance of waivers, which began in the 80s became rampant under former President Olusegun Obasanjo, when party faithful were flagrantly issues waivers. The Senate thereafter adjourned plenary to Tuesday, August 4 after which it proceeded to inaugurate all committees that had been set up during the week.

NAN reports that the committees are Senate Selection Committee, Rules and Business Committee, Ethics and Privileges Committee, ad-hoc Committee on Publicity and ad-hoc committee on waivers.

-PM
Revoke waivers on rice & others - Senate tells FG

Revoke waivers on rice & others - Senate tells FG



The Senate on Thursday passed a resolution urging the Federal Government to revoke all import waivers on rice and other agricultural products and ensure all outstanding revenues were collected. In a two-prayer motion moved by Senator Rafui Ibrahim (APC Kwara South), the Senate set up a nine-man committee to look into all waivers, concessions and grants.

The committee, headed by Adamu Aliero (APC Kebbi Central), is charged with the responsibility of reviewing all such related policy to recover all government revenues and block leakages. In his remark, the President of the Senate Bukola Saraki, said that the Ad hoc Committee was hinged on the determination of the new administration to cut revenue leakages.

Saraki said that there was an urgent need to protect the nation’s agriculture to ensure self sufficiency rather than relying on importation. He expressed displeasure at the impunity with which people who owed government billions of naira continued to do businesses free as if “nothing will happen”.

“This too must stop; this is the first ad hoc committee that will be set up for this kind of thing and the committee will not stop until every penny is recovered,” he said. He, therefore, charged members of the committee to be relentless in discharging their function.

Earlier, some senators who made contribution advocated complete removal of all waivers, concessions, and grants on all products and commodities that could be manufactured locally. Senator Philip Aduda (PDP FCT), gave example with cement production in the country and said that for any local production to thrive, importation of such products must be stopped.

He argued that waivers should only be given on products that were required but not produced locally.
“There is an urgent need to review the granting of waivers, especially on finished goods, whatever is produced in Nigeria should not be granted waivers.

Senator Eyinaya Abaraibe (PDP Abia-South) supported the motion, and noted that waivers were good at the inception but should have long been stopped. He said that the removal of waiver should serve as a starting point in doing away with all government policies that had hampered local manufacturing.

Abaribe recalled that when the Federal Government banned importation of furniture, there was huge investment in the local industry but regretted that ban was lifted shortly after. “We should task all our committees to look inward and see to it that all policies that are inimical to the economy of Nigeria are reversed.

Senator Dino Mileya (APC Kogi-West) advocated a drastic measure on the motion, alleging that there was collaboration between the Customs Officials, Ministry of Finance and importers. He said importers currently owing the government should not be allowed to clear their goods in the ports until they paid in full what they owed.

Senator Ibrahim Gobir (APC Sokoto East) expressed fear that if allowed to continue, waiver on rice import alone would cost Nigeria N2.4 trillion by 2015. Gobir argued that the money saved from the waivers could be used to establish industries in the country to employ over 5,000 Nigerians in every state.

He also advocated that waivers should only be granted on products that were not being produced locally. Senator Ali Wakili (APC Bauchi South), a former Comptroller of Customs Service, vindicated the service on the alleged collaboration, saying that the service merely implement the policies on waivers.

He alleged that issuance of waivers, which began in the 80s became rampant under former President Olusegun Obasanjo, when party faithful were flagrantly issues waivers. The Senate thereafter adjourned plenary to Tuesday, August 4 after which it proceeded to inaugurate all committees that had been set up during the week.

NAN reports that the committees are Senate Selection Committee, Rules and Business Committee, Ethics and Privileges Committee, ad-hoc Committee on Publicity and ad-hoc committee on waivers.

-PM

Friday, 27 February 2015

Gov. Fashola: Import duties increase on vehicles unacceptable

Gov. Fashola: Import duties increase on vehicles unacceptable

Babatunde Fashola, Governor, Lagos State
Lagos State Governor, Babatunde Fashola, yesterday, condemned moves by the Federal Government to increase duties payable on imported vehicles by 35 per cent, adding that there is no justification for the increase.

According to Fashola, who spoke during a meeting with taxi and cab operators in Ikeja, said the increase would stifle transport operations in the country, adding that the decision was unacceptable because the negative impact it will have.

The governor added that the decision of the Federal Government led by President Goodluck Jonathan will hamper the ability of transport operators to acquire new vehicles, which he said, could improve their services to residents.

According to him, though it appears that the Federal Government might have dropped the idea, but “It only left the idea because elections are drawing closer. It will implement it if the President is re-elected”, urging the taxi operators to support the APC presidential candidate, Maj.-Gen. Muhammadu Buhari, the APC governorship candidate, Mr. Akinwunmi Ambode, and all candidates of the APC.

“We must send this administration away. When the APC takes over the government at the centre, things will change positively,” he said. The governor used the event to approve a 12-year time limit for vehicles the taxi operators wanted to purchase for the purpose of commercial transport under the new public transport management system.

He said: “The time limit is pegged at five years at the inception. But with the devaluation of naira and declining purchasing power, it becomes necessary to review the time line from five years to 12 years due to the sharp rise in the cost of vehicles. This is the implication of worsening exchange rate.”

-DailyPost

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