Senate Passes Bill on Customs and Excise Management
The Senate on Wednesday passed a bill to repeal and re-enact the Customs and Excise Management Act 2004.
The passage of the piece of legislation is sequel to consideration of a report by the Committee on Customs, Excise and Tariffs presented by its Chairman, Senator Francis Alimikhena representing Edo North.
In his presentation, the Lawmaker said the bill amongst others, seeks to assist the Nigeria Customs Service administration in driving economic growth and trade facilitation.
Alimikhena noted that the piece of legislation also makes provision for the use of electronic documents, electronic payments and other information technology that are applicable to modern Customs Administration.
He added that the bill when signed into law would make the NCS a legal entity under the supervision of the Federal Ministry of Finance, Budget and National Planning with a Board to serve Nigerians and facilitate international trade.