Politics
Breaking News: Reps Call Or Establishment Of Committee On Fiscal And Monetary Policies
Breaking News: Reps Call Or Establishment Of Committee On Fiscal And Monetary Policies....KINDLY READ THE FULL STORY HERE▶
The House of Representatives Committee on Customs and Excise has urged the establishment of a tripartite committee, consisting of the Central Bank of Nigeria, the Ministry of Finance, and the Nigeria Customs Service. The committee aims to create a comprehensive framework for coordinated fiscal and monetary policies in the country. During an interactive session with the Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, Chairman Leke Abejide emphasized the need for a collaborative approach to policy changes…….CONTINUE READING
Abejide called for the implementation of a House resolution requiring a 90-day notice for any policy changes. He stressed the importance of transparency to prevent investors and importers from being caught off guard by sudden policy shifts. The proposed tripartite committee would provide an open and transparent platform for dialogue on fiscal and monetary issues affecting trade. This collaborative effort is expected to lead to thorough discussions and analyses of critical decisions before their implementation, fostering a conducive environment for economic growth.
Abejide highlighted recent instances where policy changes, such as an unexpected exchange rate adjustment, had a significant impact on stakeholders. He emphasized that collaboration between the CBN, the Ministry of Finance, and the Nigeria Customs Service would contribute to a more coordinated approach to trade policies, reducing disruptions and supporting economic stability.
During the session, committee members expressed concerns about multiple checkpoints set up by the Nigeria Customs Service nationwide and called for increased collaboration with sister agencies to address smuggling. The Customs boss responded by noting the service’s efforts to work closely with border communities but highlighted the challenges posed by the lack of basic amenities in these areas. He appealed to the Federal Government to provide essential facilities in border communities to enhance the effectiveness of the Nigerian Customs Service in carrying out its duties.
Source: Bushradiogist
Bala Mohammed Stirs Political Buzz With Bold Declaration After Meeting Peter Obi
Udenta Speaks Out: El-Rufai’s Detention Described As A Clear Injustice
It Will Be Too Late For Peter Obi To Return” — Nenadi Usman Makes Bold Claim
I Can Never Betray Your Family” — Gov Radda Makes Bold Promise To Buhari’s Son
Heartbreak For Barcelona As Lamine Yamal Scores Winner, Limps Off Injured Against Celta Vigo
Breaking: Federal Government Of Nigeria Bans Cement Importation, Releases Full List Of Restricted Goods
Breaking: Complete List Of Charges Filed Against Timipre Sylva And Alleged Coup Network Exposed
Supreme Court Shocks Kano Emirate Case, Adjourns Hearing Till 2027
Succession Buzz: Olusi Reveals Who May Replace Sanwo-Olu In 2027
