Leadnaija
The federal government has approved N20 billion for Customs to procure CNG vehicles.
The Federal Executive Council (FEC) on Monday granted approval for ₦20 billion to be allocated to the Nigeria Customs Service (NCS).
This funding will be used to acquire Compressed Natural Gas (CNG) vehicles, build forward bases in isolated regions, and extend life insurance coverage to the officers.Tap Here To Read Full Details
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, informed reporters about this development during a briefing following the Federal Executive Council meeting chaired by President Bola Tinubu at the State House in Abuja.
As he explains, the package encompasses a ₦1 billion life insurance policy designed for NCS officers. This initiative is intended to improve their well-being and offer financial protection to their families.
He said, “Customs, which I have the honour of chairing the board, the Customs came with some N20 billion worth of important projects and procurements, CNG vehicles and some construction and furnishing of facilities, particularly the forward basis in the remote areas.
“Also, about N1 billion worth of financing for life insurance, it’s a Group Life Insurance policy, of course, which is implemented by underwriters and brokers. So we have two transactions for Customs”.
