Customs backs CBN’s e-invoicing policy, despite stakeholder protests

The Central Bank of Nigeria (CBN) has received support from the Nigeria Customs Service (NCS) for its online invoicing and valuation policy, which has drawn protests from customs brokers.

Although clearance officers and the House of Representatives called for the policy to be rescinded, Customs said it supported CBN because the initiative was supposed to serve Nigeria well, the Comptroller General told the House on Thursday. NCS deputy, Galadima Saidu.

Ripples Nigeria had reported that the central bank planned to use the e-invoicing and e-valuation policy to monitor the value of exports and imports in Nigeria.

The decision came into effect on February 1, 2022, which led to clearing officers shooting down tools at the port of Lagos, which forced a re-routing of cargo to the ports of Port Harcourt and Calabar.

Ripples Nigeria understood that the Port of Lagos was congested due to the strike, with around 12,000 imported vehicles trapped, as officers protested the policy would result in costs for clearing a vehicle at the port of up to N800,000 , of 300,000 N or 400 N, 000.

Explaining Customs’ position to the House Committees on Customs and Excise, Banking and Currency, during a hearing, Saidu said, “Let’s consider this a domestic issue. Every day we have unemployed computer science graduate students.

READ ALSO: Customs suspends VIN automation on imported used vehicles

“We should give them the opportunity. If the service providers can step in and give you the ability to do that for at least six months, that’s fine. He said.

The Deputy Comptroller General added, “The CBN should tell us who is providing the service. Who is engaged to provide this service? If they tell us they are Nigerians and they would employ Nigerians, fine, no one is against it.

Taking a neutral stance, committee chairman Leke Abejide said all relevant stakeholders should be involved by the CBN led by Godwin Emefiele.

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