LCCI speaks on customs clampdown on auto dealers
Nigeria Customs Service has been carrying out an investigative audit to check import duty payments by automobile dealers in Lagos and Abuja. This has been received with mixed reactions. Muda Yusuf, the Director-General of LCCI joins CNBC Africa for more.
Tue, 22 Oct 2019 12:37:12 GMT
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AI Generated Summary
- The customs clampdown on auto dealers has raised concerns about the lack of transparency and trust within the customs processes.
- The disruption caused by the customs audit has led to significant losses for businesses and highlighted the need for a more investment-friendly environment in Nigeria.
- The call for an independent tribunal to address disputes and ensure fairness in the customs process has been emphasized by the Director-General of LCCI.
The recent investigative audit by the Nigeria Customs Service to check import duty payments by automobile dealers in Lagos and Abuja has sparked mixed reactions across the country. In a recent interview, Muda Yusuf, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), expressed deep concerns about the impact of the customs clampdown on investment and trade in Nigeria. Yusuf highlighted the need for transparency, trust, and a more investment-friendly environment for businesses in the country. The customs clampdown has raised questions about the lack of transparency, trust, and proper hierarchy within the customs processes, leading to disruptions in business operations and investor confidence. The interview shed light on the challenges faced by auto dealers who had their showrooms and offices sealed for weeks, resulting in significant losses. Yusuf called for the establishment of an independent tribunal to address disputes and ensure a fair and efficient customs process. The customs clampdown on auto dealers in Nigeria underscores the importance of creating a conducive environment for investment and trade in the country.
