On The Matter Of The Customs Duty Rate Hike:

[Chidi Anthony Opara, FIIM, CDOA]

In the light of the above, the subsector leaders should jettison their love for empty high sounding names and unnecessary publicity hugging mentality and focus on the following:

(1) they should broaden their engagement policy to include other relevant government agencies, like the Central Bank of Nigeria (CBN).

(2) they should be mindful of the fact that the Customs service is a policy implementing, not a policy formulating agency.

(3) they should as a matter of urgency, approach the Central Bank of Nigeria(CBN), from where the policy under reference emanated with the aim of securing a downward review or even a return to status quo.

(4)they should synergize with the organized trading sector to forge a united front.

(5) before approaching the CBN, they should be armed with verifiable data on the consequences of the referenced policy on the economy of the country, especially at the micro level.

Thanks.

-Chidi Anthony Opara (CAO)

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Chidi Anthony Opara is a Poet, Professional Fellow of Institute Of Information Management Africa, MIT Chief Data Officer Ambassador, Registered Freight Forwarder and Editorial Adviser at News Updates.

More about him here: https://independent.academia.edu/ChidiAnthonyOpara