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FEC Approves N20 Billion for Customs CNG Vehicle, Remote Outposts, Insurance

Olusola Blessing by Olusola Blessing
February 5, 2025
in Business, News
0
FEC Approves N20 Billion for Customs CNG Vehicle, Remote Outposts, Insurance
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This significant financial commitment signals the government’s recognition of the crucial role played by the Nigeria Customs Service in maintaining national security and promoting economic stability. As the country continues to prioritize both security and sustainable energy, the NCS is poised to benefit from these strategic investments, whThe Federal Executive Council (FEC) has approved a N20 billion allocation for the Nigeria Customs Service (NCS) to enhance its operational capacity and improve the welfare of its officers. This approval was announced by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, after the FEC meeting, which was presided over by President Bola Ahmed Tinubu at the State House in Abuja. 

The N20 billion investment will fund several key initiatives aimed at modernizing the Customs Service and ensuring better protection for its officers. One of the primary aspects of the approval is the acquisition of compressed natural gas (CNG)-powered vehicles, which is part of the government’s broader efforts to reduce carbon emissions and promote cleaner energy alternatives. This move aligns with the administration’s commitment to addressing environmental concerns while improving operational efficiency within the NCS.  

In addition to the acquisition of CNG vehicles, the FEC approval includes funding for the establishment of forward bases in remote areas. These bases will play a critical role in strengthening border security, facilitating trade, and enhancing the overall enforcement of customs regulations. By positioning these bases in strategic locations, the NCS aims to improve its ability to monitor and secure the nation’s borders, curbing illegal trade and smuggling activities.  

Another key component of the approval is the provision of a N1 billion group life insurance policy for Customs officers. This policy is designed to improve the welfare of officers and provide financial security for their families in the event of unfortunate incidents. The government’s focus on officer safety underscores the importance of safeguarding those who play a vital role in securing Nigeria’s borders and managing its trade activities.  

Edun emphasized the importance of these initiatives in enhancing the overall operations of the Nigeria Customs Service, highlighting the government’s commitment to ensuring the safety and well-being of the officers who serve the nation. The investment will not only strengthen Customs operations but also bolster the morale and security of the officers working on the frontlines of Nigeria’s border security and trade facilitation efforts.  

Which will enhance its ability to safeguard Nigeria’s borders and facilitate smoother trade processes across the nation.

 

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