Customs import tariff increases hurt Nigeria’s economy – Dr. Kallu

Custom Nigeria

In light of the nation’s weakening economy, the Nigeria Customs Service nevertheless decides to raise import duties, which will hurt the whole economy. Since this government took control, Nigerians have been trapped in tunnels of misery, lack, and other difficulties without any significant response from the government.

All social media platforms have been abuzz with the federal government’s surprising announcement that federal civil servants’ January salaries would be delayed without explanation. The government has ignored the emotional damage, despair, frustrations, and other economically inflicted issues citizens have faced since fuel subsidy removal.

However, the Nigeria Customs Service’s request for an import tariff rate rise is seen to be a premeditated attempt to further impoverish the nation and boost youth criminality and other social vices. Due to the rapid devaluation of the naira versus other currencies, the Apex Bank under Cardozor is hurting our fiscal economy. We cannot keep putting our tents on fire while calling for help.

It’s clear that the Customs Service’s unanticipated import tax rate rises will surge commodity prices in open markets. The truth is that the Tinubu government is falling short of expectations since it was intended to quickly rehabilitate the nation’s crumbling infrastructure and find enduring answers to security issues.

It is regrettable that the government has prioritised exacerbating the situation above raising salaries and conditions. Gov. Soludo of Anambra State urged teachers to leave if they were unhappy with their remuneration yesterday, which is unusual for a governor and a leader of his calibre to do.

A rational society would consider such a comment anti-human, thoughtless, and insensitive to Nigeria’s suffering. The administration must resist exploring revenue-yielding potentialities at the expense of citizens who expect positive changes rather than this politically motivated economic crisis harming the nation’s landscape. Truth is unavoidable and must be told, no matter how bitter it tastes to others.

Nigeria faces many pressing issues, including insecurity, worker conditions by reviewing salary structures, all-around infrastructural refurbishment, job creation, fighting corruption, revisiting and amending the Electoral Act, holistically reforming the national judicial system through public engagement audit of judges, youth empowerment, and improving living standards. With this course focus, Nigeria will be transformed and viewed as economically outstanding.

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Chief Emeka Kalu, Eck Foundation CEO.


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