A
abujagirl
Guest
Hasib Moukarim, Managing Director of Nigeria Gas and Steel Limited and a member of the Manufacturers Association of Nigeria, MAN on Thursday said that Nigeria is losing billions of naira and thousands of jobs every year to foreign companies which are given waivers by the Federal Government to import into Nigeria finished products already manufactured in the country.
Reacting to a statement credited to the Comptroller General of the Nigeria Customs Service, NCS, Alhaji Diko Inde Abdulahi, that the Customs Service intends to generate the sum of N1.2 trillion in 2014, Moukarim said, it was a welcome development but could remain a pipe dream if the issue of waiver and concession given to importers of finished products is not stopped as this is depleting the Federal coffers while enriching a few companies abroad.
He said by giving waivers to foreign companies, locally produced goods become more expensive and demand for them shrinks.He advised that waivers or concession should not be on imported goods that have local substitute that are produced in Nigeria.
Moukarim suggested that for waiver or concession to be given to any applicant, thorough investigations must be carried out by the Federal ministries of Finance as well as Trade and Investment to verify the authenticity of the items being brought in at virtually no cost.
Reacting to a statement credited to the Comptroller General of the Nigeria Customs Service, NCS, Alhaji Diko Inde Abdulahi, that the Customs Service intends to generate the sum of N1.2 trillion in 2014, Moukarim said, it was a welcome development but could remain a pipe dream if the issue of waiver and concession given to importers of finished products is not stopped as this is depleting the Federal coffers while enriching a few companies abroad.
He said by giving waivers to foreign companies, locally produced goods become more expensive and demand for them shrinks.He advised that waivers or concession should not be on imported goods that have local substitute that are produced in Nigeria.
Moukarim suggested that for waiver or concession to be given to any applicant, thorough investigations must be carried out by the Federal ministries of Finance as well as Trade and Investment to verify the authenticity of the items being brought in at virtually no cost.