Business A.M
No Result
View All Result
Friday, February 20, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Transport Business

Border closure forces importers to use Nigerian seaports, says Customs CG

by admin
July 29, 2025
in Transport Business
By Samson Echenim

Many Nigerian importers who hitherto import through neighbouring ports of Cotonou and Lome are now being forced to import through the Apapa and Tin Can Island ports in Lagos following the closure of Nigeria’s land borders with its neighbours, Hameed Ali, Comptroller General of Nigeria Customs Servuce has said.

Ali, a retired colonel, told Senate and House of Representatives joint committees on Finance and National Planning on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper that most of those cargoes that used to go to the Port of Cotonou in Benin Republic and later smuggled into Nigeria are now being imported directly through Nigerian ports in Lagos.

This he said, has resulted to raising the tariffs now being collected daily by the customs service to an average of N5 billion.

The Customs Service was feared to lose over N1 billion monthly, being value of duty collected at the Seme and Idiroko border commands when the borders were closed in August, but the elated Customs boss told lawmakers that the closure was more of a blessing to the country.

“Now that we have closed the border they are forced to bring their goods to either Apapa or Tin Can Island and we have to collect duty on them,” Ali said.

Last week, the Customs began an onslaught against car dealers in Lagos and Kano sealing up 110 car marts suspected to have vehicles whose duties were not paid up. The onslaught was part of an action plan to end evasion of duties payments by vehicle importers, who smuggle vehicles imported from neighbouring ports into the country through the land borders. Ali had said the closure of the borders would enable the country reset its trade at the borders.

According to the Customs CG, the trade facilitation agency is now raking in Nigerian government coffers between N4.7 billion and  N5.8 billion daily since the closure of the country’s borders.

“When we closed the border, my fear was that our revenue was going to drop. To be honest, our revenue kept increasing.There was a day in September that we collected N9.2 billion in one day. It has never happened before.

“This is after the closure of the border and since then, we have maintained an average of about N4.7 billion to N5.8 billion on a daily basis which is far more than we used to collect. If the border closure continues, to us, it is a welcome situation. Our revenue has not reduced. As a matter of fact, it is increasing as a result of the closure of the border,” Ali said.

ReplyForward
admin
admin
Previous Post

Minimum wage: Meeting labour’s demand will cause dismissals —Ngige

Next Post

NCC inaugurates committee to evaluate 63 telecom research proposals from academia

Next Post

NCC inaugurates committee to evaluate 63 telecom research proposals from academia

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026
GSMA presses telecoms to rethink business models for trillion-dollar B2B growth

GSMA urges rethink of spectrum policy to close rural digital divide

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M