The Nigerian Mining and Geosciences Society (NMGS) has entered into strategic partnership with the Nigerian Customs Service (NCS) to combat resource smuggling in the country.
The rising threat of illegal smuggling of natural resources has caused significant revenue loss and depletion of critical raw materials.
During a visit to the NCS Headquarters in Abuja on 21 November 2024, President of the NMGS, Professor Akinade Olatunji emphasised the urgent need to strengthen the capacity of Customs officers to identify and safeguard natural resources.
“We are aware of the vast quantities of resources leaving the country illegally. These finite assets must be protected. Collaborating with agencies at the exit points will ensure proper documentation, revenue remittance, and duty payments,” Olatunji stated.
In his response, the Comptroller-General of Customs, Adewale Adeniyi, acknowledged the expertise of NMGS and highlighted opportunities for collaboration. He pledged to prioritise officer training and joint efforts to curb the smuggling of raw materials.
“Illicitly smuggled resources flow out of the country without proper checks. Through rigorous monitoring and accurate documentation, we can close gaps in export taxation, track resource destinations, and ensure appropriate revenue is generated,” Adeniyi said.
The meeting ended with a commitment from both parties to work together in safeguarding Nigeria’s natural resources and boosting economic growth. smuggling of natural resources, which is causing significant revenue loss and depletion of critical raw materials.
During a visit to the NCS Headquarters in Abuja on 21 November 2024, NMGS President Professor Akinade Olatunji emphasised the urgent need to strengthen the capacity of Customs officers to identify and safeguard natural resources.
“We are aware of the vast quantities of resources leaving the country illegally. These finite assets must be protected. Collaborating with agencies at the exit points will ensure proper documentation, revenue remittance, and duty payments,” Olatunji stated.
In his response, the Comptroller-General of Customs, Adewale Adeniyi, acknowledged the expertise of NMGS and highlighted opportunities for collaboration. He pledged to prioritise officer training and joint efforts to curb the smuggling of raw materials.
“Illicitly smuggled resources flow out of the country without proper checks. Through rigorous monitoring and accurate documentation, we can close gaps in export taxation, track resource destinations, and ensure appropriate revenue is generated,” Adeniyi said.
The meeting ended with a commitment from both parties to work together in safeguarding Nigeria’s natural resources and boosting economic growth.
Source: New Experience newspaper
