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‘Importers May Shun Our Ports’, Obi Urges FG To End Customs FX Rates Inconsistency
By Emmanuel Agaji
The 2023 presidential candidate of the Labour Party, Peter Obi, has urged the Federal Government to end the inconsistency in duty charges by the Nigeria Customs Service.
In a post on X (formerly Twitter) on Wednesday morning, Obi said the inconsistency in duty charges is affecting the general business atmosphere in the country.
He warned that if this situation is not corrected, importers in the country may resort to using ports of nearby countries, a situation which he noted will leave the Nigerian ports under-productive, and further deepen the economy into a worse situation as a result of loss of revenue.
Obi said, “I wish to urgently call on the Federal Government of Nigeria to end the inconsistency in duty charges as it is affecting the general business atmosphere in the country.
“The federal government should stop the arbitrary and ever-increasing customs duties as it is now negatively impacting businesses and the cost of items, and this portends a huge danger to the economy.
“A situation where at the point of initiating importation, Form M and other documents related to importation are based on a particular rate of exchange, for example, N1000 to $1, being the prevailing exchange rate at the time which the importer of goods was used to calculate the entire process, from the import initiation to receipt of goods in his warehouse.
“Then suddenly when the goods arrive in Nigeria, and duties are calculated at different rates, say N1400 to $1, it becomes a serious business challenge that results in business losses. Worse still, it directly fuels the inflationary spike which is the basis of increasing cost of goods and living. Such arbitrary charges will obviously lead to further closure of businesses, and attendant job losses.
“This is because at the time of the initiation of the business, calculations, including duties, have been made based on the prevailing exchange rate, and the prevailing market prices.
“If this situation is not corrected, our importers may resort to using ports of nearby countries, a situation that will leave our ports under-productive, and further deepen our economy into a worse situation as a result of loss of revenue,” the post partly read.
The former Anambra State Governor also advised the government to show consistency in its policies as this will help with economic forecasting and business planning.
He said that businesses are dying, and manufacturers are shutting down because of the poor and inconsistent economic policies of the government.
“All efforts of the government should be directed at supporting businesses, especially those in the manufacturing sector, to keep their businesses afloat and keep the economy growing, as the small business sector remains the most critical engine of economic growth.
“We cannot afford to target high customs revenues at the expense of the survival of local businesses, employment and reasonable cost of living,”
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Federal Capital Territory FCT minister Nyesom Wike has started campaigning for President Bola TInubu and Phillip Aduda in Abuja.
Watch the FCT Minister, Nyesom Wike, telling the people of Tungan Shanu village during the inspection of the ongoing construction of the road linking Tungan Madaki with Zuba Road today to vote President TInubu and Aduda for Senate.
The Nigeria Democratic Congress (NDC) says its Presidential Campaign Council (PCC) will soon be inaugurated as the party intensifies preparations for the 2027 general elections.
The party disclosed this in a statement signed by its National Publicity Secretary, Osa Director Esq., on September 21, 2026.
According to the statement, the NDC is currently consulting with relevant stakeholders to develop and inaugurate what it described as a robust Presidential Campaign Council.
The party said its Presidential Candidate, Mr Peter Obi, and Vice-Presidential Candidate, Dr Rabiu Musa Kwankwaso, had held several meetings with the National Leader and leadership of the party as part of the process.
The NDC said Obi and Kwankwaso had been given the opportunity to nominate key officials of the campaign council in consultation with the party.
Those positions include the Director-General of the Campaign, Deputy Director-General (North), Campaign Spokesman, Deputy Spokesman, Head of New Media, Finance Director, Deputy Finance Director and other positions.
The party said the arrangement was designed to promote inclusiveness and cohesion within the campaign structure.
It added that a full organogram of the campaign structure had been developed since August and made available to Obi and Kwankwaso for their input, while nominations had also been received from other stakeholders across the country.
The NDC said it would announce and inaugurate the PCC after receiving the inputs of the presidential and vice-presidential candidates.
It also disclosed that a campaign timetable had been proposed since August, with arrangements for campaign funding and fundraising still being concluded.
According to the party, funds raised for the presidential campaign would be paid into the presidential campaign account and managed by officers nominated by the presidential candidate and his running mate alongside the party’s National Treasurer.
The party said the PCC inauguration, initially scheduled for the first week of September, was postponed because of the travel schedule of the presidential candidate.
Meanwhile, the NDC has directed its state and Local Government Area (LGA) chairmen to commence the compilation and harmonisation of party agents ahead of the 2027 elections.
The directive, according to the party, is in line with the Electoral Act, 2026, and requires state and LGA chairmen to meet with candidates and relevant stakeholders to produce comprehensive lists of agents.
The agents will be divided into two categories: those for National Assembly elections and those for governorship and State Assembly elections.
The party said the lists would be scrutinised and ratified by its leadership, including the presidential candidate and his running mate, before training commences.
The exercise is expected to be completed and the final lists submitted within two weeks of the directive.
The committee responsible for the appointment of party agents is chaired by the NDC Deputy National Chairman (South), Comrade Babatunde Alli. Vin Martin Ilo serves as secretary, while Dr Yunusa Tanko, Nafiu Dankura and the National Vice Chairmen of the six geopolitical zones are members.
The party also appealed to its candidates at all levels to discourage supporters and support groups from engaging in internal battles, urging them instead to concentrate on winning the elections.
“There are no battles to fight within the NDC,” the party stated, identifying the ruling All Progressives Congress (APC) as its common opponent.
The NDC said it remained committed to supporting its candidates and urged them to focus on winning elections, stressing that its candidates were contesting under the party and not as independent candidates.
The party expressed its desire for all its candidates to win their respective elections and called on members and supporters to remain focused on the 2027 electoral contest.
The Federal Capital Territory (FCT) Minister, Nyesom Wike, has described the First Lady of Nigeria, Senator Oluremi Tinubu, as a major pillar of support for President Bola Tinubu in particular and Nigerians, especially the vulnerable ones in general.
The FCT Minister, in a goodwill message to the First Lady on her 66th birthday, commended her for the transformation of the Abuja City Gate, saying “the roles the First Lady played in transforming the Abuja City Gate into how it is today, is a manifestation of her commitment to the success of her husband’s administration.”
In a statement by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, the Minister also hailed the First Lady’s Renewed Hope Initiative, noting that it has brought succor to several vulnerable Nigerians in the last three years.
Wike said; “At 66, the simple way of life of the First Lady, Mrs Oluremi Tinubu, CON, has remained an inspiration to women in the country, and it is my prayer that God will continue to uphold her.
“Most importantly, this new age is a confirmation of God’s love for her, and I pray that the good Lord will continue to grant her good health.
“I celebrate and rejoice with our ever caring and development oriented First Lady on the attainment of this significant age in her life and wish her many more years of service to our country, Nigeria.”
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