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, has urged the Nigeria Customs Service to implement improved risk management methods and increase compliance in trade activities.
She highlighted that in many developed countries, less than one percent of shipments undergo physical inspection, whereas in Nigeria, about 90 percent of consignments are inspected, with a further nine percent scanned. Okonjo-Iweala stated that the objective of the initiative is to ensure customs rules and regulations are predictable, with compliance backed by suitable penalties.Advertisement
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