General
Customs Receives Two Mobile Scanners for Greater Efficiency
By Adedapo Adesanya
- To Deploy Drones at Seme Border Soon
- Claims N719m Revenue, Processes 635,149.23 metric tons valued at N15.5 billion
The Nigeria Customs Service, Tincan Island Area Command, has taken delivery of two NUCTECH Mobile Scanners MT1213DE with accessories.
The equipment arrived on board Glovis Horizon Leader from the Port of Shanghai, China on Monday, according to a statement signed by the Public Relations Officer of the command, Mr Uche Ejesieme.
The Area Controller, Mr Abdullahi Musa, who received the consignment, said, “Integration of scanning into the clearance procedure for imports was in line with global best practices for trade facilitation.”
He said that the key objective of deploying scanners was to reduce the time needed for physical inspection of goods which generated extensive cost and created multiple burdens and inconveniences for both importers and customs.
He expressed delight at the development and thanked the Comptroller-General of Customs (CGC), Mr Hameed Ali, and the entire agency’s management team for the feat.
“Recall that the CGC on assumption had promised to reform, restructure and raise revenue; these scanners will constantly enhance trade facilitation and consequently lead to increased revenue,” he said.
He assured stakeholders that the deployment of the scanners would result in increased cargo handling and greater efficiency in the trade value chain.
In a related development, the NCS noted that it will soon deploy drones at Seme for effective patrol in checking smuggling activities in the border area.
This was revealed by the Zone A Coordinator and Assistant Comptroller General (ACG) of Customs, Mrs Modupe Aremu, during a working visit to Seme Border Area Command.
She said border management surveillance will be done electronically through the use of drones to ensure that there will be an area overview of what is happening.
She said, “Seme command visit is the end of my tour in Zone A and I must commend all the commands, they account for over 80 per cent of revenue collection by the NCS and so they should keep up the good work.
“With the tour of all commands, I have seen that all the officers are doing well but they can still do better. And I am telling them that they should be expecting impromptu visits from the Zonal Coordinator, so they should not relax on the job.
“Also, e-customs N300 billion contract that is end-to-end automation that is about to kick-off is about Information and Communication Technology connectivity; when it comes on board, we are going to have an electronic signature, drones patrolling the border.”
She noted that the service was trying to minimize person to person contact to reduce human interaction and make the work faster and more efficient.
Mrs Aremu expressed satisfaction with the joint border post buildings that was commissioned on October 23, 2018, noting that it ushered in an era of coordinated border management.
“This is one-stop-shop and from what the comptroller has shown me, it is what is practised abroad; this is really commendable that what we see when we travel, we have it here in Nigeria,” she said.
She urged Seme Customs to keep abreast of all the Economic Community of West African States (ECOWAS) protocols in order to understand what was happening.
On enforcement activities, she urged the command to keep pushing as the nation at this point in time needed the service to properly secure its borders.
She expressed the hope that the scanner at the border would start functioning to help simplify processes as much as possible, urging the command to ensure proper compilation of case files and prosecution of arrested suspects to show the seriousness of the service in fighting smuggling.
On his part, the Seme Customs Comptroller, Mr Bello Jibo, noted that enforcement activities were not affected by the border closure as the command made a remarkable interception of 1,244 suspected smuggled goods with a duty paid value of over N856 million.
He noted that despite unfriendly economic policies imposed on goods transiting through the Benin Republic, the command was able to collect about N719 million as revenue and processed export volume of 635,149.23 metric tons with a free on board value of N15.5 billion.
General
REA Expects Further $1.1bn Investment for New Mini Power Grids
By Adedapo Adesanya
The Managing Director of the Rural Electrification Agency, (REA), Mr Abba Aliyu, is poised to attract an estimated $1.1 billion in additional private-sector investment to further achieve the agency’s targets.
He said that the organisation has received a $750 million funding in 2024 through the World Bank funded Distributed Access through Renewable Energy Scale-up (DARES) project.
He added that this capital is specifically intended to act as a springboard to attract an estimated $1.1 billion in additional private-sector investment, with the ultimate goal of providing electricity access to roughly 17.5 million Nigerians through 1,350 new mini grids.
Mr Aliyu also said that the Nigeria Electrification Project (NEP) has already led to the electrification of 1.1 million households across more than 200 mini grids and the delivery of hybrid power solutions to 15 federal institutions.
According to a statement, this followed Mr Aliyu’s high-level inspection of Vsolaris facilities in Lagos, adding that the visit also served as a platform for the REA to highlight its decentralized electrification strategy, which relies on partnering with firms capable of managing local assembly and highefficiency project execution.
The federal government, through the REA, underscored the critical role the partnership with the private sector plays in achieving Nigeria’s ambitious off-grid energy targets and ending energy poverty.
Mr Aliyu emphasized that while public funds serve as a catalyst, the long-term sustainability of Nigeria’s power sector rests on credible private developers who are willing to invest their own resources.
He noted that public funds are intentionally deployed as catalytic grants to ensure that the private sector maintains skin in the game which he believes is the only way to guarantee true accountability and the survival of these projects over time.
General
FG Eyes Higher Allocation as Senate Moves to Amend Revenue Sharing Formula
By Adedapo Adesanya
The Senate has proposed a review of the current revenue-sharing formula among the three tiers of government, seeking to allocate more funds to the federal government.
The proposal is contained in a constitutional amendment bill titled Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Bill, 2026, sponsored by Mr Karimi Sunday representing Kogi-West, which passed first reading during plenary on Tuesday.
Coming amid ongoing calls for a new revenue formula to favour states and local governments, the bill argues for an increased federal share from the existing formula.
Under the current revenue sharing formula designed during the President Olusegun Obasanjo administration, the federal government takes about 52.68 percent of the total revenue generation by the nation in a month, the 36 state governments including the Federal Capital Territory, Abuja get 26.72 per cent and the 774 local governments share 20.60 per cent. The oil producing states of the Niger Delta region receive 13 per cent revenue as derivation to compensate for ecological damage of oil production in the region.
Defending the bill, the senator in a media conference on Tuesday stated that the federal government is overburdened by responsibilities such as the rehabilitation of dilapidated Trunk A roads and rising security costs, adding that available funds are no longer sufficient.
Ahead of its second reading, the lawmaker alleged that some states have little to show for funds received from the federation account.
The battle to change the sharing formula has been ongoing for more than 12 years. In 2013, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) resolved to undertake a review to achieve a balanced development of the country.
To achieve that objective, the commission embarked on a nationwide consultation to the 36 states and also met with notable persons, including traditional rulers on the issue.
In December 2014, the commission came out with a proposed new revenue formula, which was submitted to the government. However, the report was not implemented.
Proponents have argued that the review of the revenue allocation among the federal, states and local governments of the federation has become necessary due to the current economic realities the country is facing.
General
African Energy Bank Plans to Raise $15bn in Three Years
By Adedapo Adesanya
The African Energy Bank (AEB) plans to raise $15 billion in its first three years of operations to fund strategic energy projects.
The Secretary General of the African Petroleum Producers’ Organisation (APPO), Mr Farid Ghezali, made this known at the opening session of the Nigeria International Energy Summit (NIES 2026) on Tuesday.
The bank which is set to launch in Abuja in the first half of 2026 has set a target of mobilising $200 billion for midstream and downstream energy projects across the continent.
“The African Energy Bank is designed to unlock the 200 billion needed for our midstream-downstream project by 2030.
“Our goal is to raise $15 billion in just three years with this increased liquidity,” Mr Ghezali stated.
The APPO secretary general decried that Africa’s energy still faces huge export of its oil and gas despite having a huge market for its utilisation within the continent.
“We are still exporting about 70 per cent of our crude oil and 45 per cent of our natural gas, losing $15 billion per year. This is an added value that we could generate locally, especially in the midstream and downstream segments.”
He pinpointed that financing hurdles remained the main bottleneck for the continent, as the cost of financing in Africa was 15 to 20 per cent, compared to only 4 to 6 per cent in Asia.
He said the disparity was unacceptable and had stalled over 150 projects, including refineries and the Ajaokuta–Kaduna–Kano (AKK) Natural Gas Pipeline.
Mr Ghezali also said that APPO’s 18 national oil companies face isolation, “Our 18 national oil companies’ NOCs in APPO often operate in isolation, without a common stock exchange, which severely limits regional synergies.
He noted that the AEB was set to offer “competitive regional pricing” through unified intra-African gas and oil pricing for “savings of up to 30 per cent on their energy imports, a potential gain of $1.4 billion for Africa,” plus “direct access to investors.
He highlighted the three-phase road map for the AEB to include: “Phase one, which, as I said in the first half of 2026, launches the African Energy Bank platform with 10-pillar projects involving countries such as Nigeria, Angola, and Libya. APPO certification and integration of IOCs such as Shell or ENI.”
“Phase two, in 2027, we plan to start a regional gas-oil trade, integrating the principles of the Bassari Declaration for 15 per cent local content.”
Phase three, reaching 2030, the African Energy Bank will be a true African financial hub, with $200 billion mobilised.”
He said expected results included, “Project financing for billions of dollars, regional savings of around 30 per cent of import costs, 500,000 direct jobs created in the local midstream.”
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