The Federal Executive Council (FEC), presided over by Vice President Yemi Osinbajo, on Wednesday approved a total of N20.11 billion for the acquisition of various operational equipment for the Nigerian Customs Service (NCS).
The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House Correspondents after the meeting, in the Presidential Villa, Abuja.
She said Council also approved the sum of N539,277,673 for the construction of the Federal Inland Revenue Service (FIRS) building at the Ilupeju Medium and Small Taxpayers’ office.
A total of 427 operational vehicles, worth N14.55 billion and nine assorted gunboats worth N5,564,002,871 were all approved for Customs.
Ahmed said: “The ministry also presented, on behalf of the Nigerian Customs Service, a memo that was seeking for Council’s approval for the design, construction and supply of two NC36M patrol boats, in favour of Messrs of Boat Plus Limited, in the sum of N5,062,530,400, inclusive of 7.5% VAT with a delivery period of 12 months and council approved our request.
“We also presented a memo, again on behalf of the Nigerian Customs Service, for the approval of Council for the design, construction and supply of seven fast assault patrol boats and seven regular patrol boats, in favour of Messrs Siwa West Africa Limited, in the sum of N501,472,471.08, inclusive of 7.5% VAT with a delivery period of eight weeks.
“The purpose of the purchase of these two types of petrol boats is to enhance the efficiency and effectiveness of operations of the Nigerian Customs Service in its bid to control smuggling and also ensure enhanced efficiency in all customs duty operations in the Marine Unit of the Nigerian Customs Service.