The Nigerian Minister for Finance, Mrs. Kemi Adeosun has disclosed the Federal Government’s plans to use technology as an enabler to fight smuggling and increase revenue collections.
The minister made this known at the commencement of a workshop on Integrated National Vehicle Identification (VIN) System, in Abuja, Monday.
The minister said it would curb smuggling and increase the revenue collection by the Nigerian Customs Service.
According to her,
“Going forward, we are introducing a new system where all vehicles will be registered using the Vehicle Identification Number (VIN), effective 31st March, 2017. Customs clearance will be linked to the VIN and this in turn will be required by each State Government at the point of vehicle registration. Effectively, any vehicle on which duty has not been paid will not be able to be registered and driven in Nigeria. We are using technology to make smuggling an unprofitable venture.”
She also added that,
“The VIN provides a form of identity for each vehicle that will be linked to proof of ownership and connected to a centralised database. Another advantage of the VIN is that the original vehicle manufacturers will be aware of vehicles imported into Nigeria. This information is important where safety and other recalls are issued internationally. The Manufacturers will now have no excuse for not extending the benefits of such recalls to Nigerian customers.”
“The objective is to ensure transparency and accountability in the collection of duties; a central system for tracking all vehicles coming into Nigeria independent of point of entry, shared database for all regulatory and enforcement agencies and requirements. As we expand the database to cover all cars, we will be able to tackle car theft and non- insurance of vehicles among others.”
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