Musa Audu-Abubakar, a popular economist, has revealed that the unlawful activities taking place at the Free Trade Zone of the Nigerian Export Processing Zone Authority (NEPZA) in Kano State is worrisome.
Abubakar, while expressing his concerns, alleged that the unlawful activities have resulted in the loss of billions of Naira in revenue for the federal government.
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Abubakar said: “Some businessmen are in the habit of diverting finished products to the Nigerian Export Processing Zone Authority because they pay as little as 30% of the customs duty while the government loses billions in revenue.
“They pay as little as 30 percent of customs duty payable at the Kano Free Trade Zone, while they don’t pay sometimes because they settle the customs officers on duty.
“This is affecting the economy. The government is losing billions of naira until the needful is done,”
“The last time I visited the Nigerian Export Processing Zone Authority, I saw that not less than 10 containers of finished products were being cleared in the evening. The question is what brought finished goods to the Nigerian Export Processing Zone?
“The federal government needs to act fast and enforce regulations so that anyone found guilty of sabotaging the effort of the government in generating deserved revenue will be dealt with”.