President Buhari,Promote Economic Growth

President Buhari Signs Customs Act to Boost Efficiency and Promote Economic Growth


President Muhammadu Buhari has underscored the significance of the recently signed Customs Act, explaining that it will bring about improved efficiency and effectiveness in customs administration. The President’s decision to endorse the Act signifies his administration’s dedication to fostering a business-friendly environment, attracting investments, and driving economic growth.

During the inauguration of the new Customs headquarters building, named Customs House, in Maitama, Abuja, President Buhari highlighted the critical role of Customs in promoting economic prosperity and overall national development. Recognizing the challenges faced by the Customs Service, particularly with regard to fragile borders and illicit activities, the President emphasized the urgent need for a robust and agile customs administration.

The newly signed Customs Act, the result of extensive consultations and deliberations, represents a significant milestone in modernizing customs operations, strengthening regulatory frameworks, and facilitating trade. President Buhari expressed his commitment to creating an environment conducive to business growth, attracting investments, and driving economic progress.

Commending the Comptroller-General of Customs, Colonel Hameed Ibrahim Ali (rtd), President Buhari lauded his selfless service, unwavering pursuit of excellence, and commitment to upholding personal integrity. The President expressed hope that Colonel Ali’s leadership style has inspired a new generation of Customs leaders and managers, driven by a strong desire to serve the nation while maintaining transparency and honesty.

Minister of Finance, Budget and National Planning, Zainab Ahmed, who chairs the Board of the Nigeria Customs Service, highlighted the Customs House as a symbol of the organization’s unwavering commitment to enhancing its operations in the face of 21st-century challenges. She also emphasized that the Board prioritizes the welfare of the service.

Colonel Ali, the Comptroller General, announced that the completion of the Customs House cost N19.6 billion and expressed gratitude to President Buhari for signing the Nigeria Customs Bill into law. He hailed the legislation as a significant achievement for the Nigeria Customs Service and the nation as a whole, providing a comprehensive legal framework aligned with international best practices to strengthen regulatory capabilities and promote trade facilitation.

Furthermore, Colonel Ali commended President Buhari for his support in the Customs Modernization Project, aimed at transforming all aspects of Nigeria Customs Service operations through the innovative use of technology. This project represents the government’s commitment to embracing modernization and adapting to the evolving landscape of customs administration.

Key Highlights:

  • President Buhari emphasizes that the new Customs Act will enhance customs administration’s efficiency and effectiveness, promoting a business-friendly environment and attracting investments.
  • The inauguration of the new Customs headquarters building, named Customs House, in Abuja reflects the government’s commitment to modernizing customs operations and strengthening regulatory frameworks.
  • The Comptroller-General of Customs, Colonel Hameed Ibrahim Ali (rtd), commended for his leadership and the completion of the building, which signifies the Nigeria Customs Service’s readiness to tackle 21st-century challenges.
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