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LequteMan
Guest
Nigeria - The Senate has directed the CBN governor, Mr. Godwin Emefiele to collaborate with the Nigeria Customs Services and ensure the recovery of an estimated sum of N30billion waiver given to companies for the purchase of rice by former administration of President Goodluck Jonathan.
“Our policy is that, after listening to you, believe that they are steps taken in the right direction to try to help our economy in the area of import and export substitution.
“But one of the observations we also made was that the CBN alone cannot make it all work in this area.
“We must also show big signals in things that we bring out the success of this policy, for example, you brought to our notice, the issue of the waivers on taxes and duties especially on rice which is about N30bn that were granted to certain companies, this money must be paid back to the federal government”.
Continuing Saraki said, “We have told the governor of central bank that, he should also go and collaborate with customs to ensure that this N30bn come back to the government coffers, so that we will be seen to be doing things to make this policy successful.
“The issue of smuggling is the second thing, because no matter how good this policy on import substitution looks, if smuggling can still be going on the way it is now, this policy will not be successful. That area as well, especially the big smugglers that are well known, it is time action is taken to stop it”.
Source; Daily Independent
“Our policy is that, after listening to you, believe that they are steps taken in the right direction to try to help our economy in the area of import and export substitution.
“But one of the observations we also made was that the CBN alone cannot make it all work in this area.
“We must also show big signals in things that we bring out the success of this policy, for example, you brought to our notice, the issue of the waivers on taxes and duties especially on rice which is about N30bn that were granted to certain companies, this money must be paid back to the federal government”.
Continuing Saraki said, “We have told the governor of central bank that, he should also go and collaborate with customs to ensure that this N30bn come back to the government coffers, so that we will be seen to be doing things to make this policy successful.
“The issue of smuggling is the second thing, because no matter how good this policy on import substitution looks, if smuggling can still be going on the way it is now, this policy will not be successful. That area as well, especially the big smugglers that are well known, it is time action is taken to stop it”.
Source; Daily Independent
