Modernization of Customs Administration: Imminent Ultra-modern Edifice In Bamenda

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Modernization of Customs Administration: Imminent Ultra-modern Edifice In Bamenda

The Minister of Finance on his maiden visit to the North West launched the 71st International Custom

30 janv. 2024 05:32

T he Minister of Finance, Louis Paul Motaze for the first time in history paid a working visit to the North West Region from January 22 to 23rd. During his stay, the Minister launched activities marking the 71st edition of the International Customs Day to be celebrated on January 26th worldwide as well as laid the foundation stone for the construction of an ultra-modern head office for the Customs Department for the North West Region. Speaking during the launch, the Minister reiterated government’s intention to accord taxes exonerations to companies operating in the region considered an economic sinister zone together with the South West and Far North Regions. He said the Presidential Plan for the Reconstruction and Development of the North West and South West Regions demands a walloping sum of FCFA 154 billion with the objective to promote, encourage and attract economic investment in the Regions. He promised better days for the Region as the security situation keeps improving. He disclosed that the North West Regional Sector of Customs performed more than expectations as revenues increased from FCFA six million in 2019, to 27 million in 2020, 176 million in 2021, 431 million in 2022 and over 500 million in 2023. The Director General of Customs, Edwin Fongot Navuga, said the North West Customs sector has been resilient despite the security situation and that the institution of an International Day of Customs is a reminder of the critical role played by Customs in global trade. He announced the eventual creation of a dry port in Bamenda, the construction of warehouses and clearance areas to ease business in...