The House of Representatives Committee on Finance has directed the Nigeria Customs Service to provide a comprehensive breakdown of the approximately N34tn worth of import duty waivers granted in 2025, demanding details of the beneficiaries, the legal basis for the approvals, and the economic objectives they were intended to achieve.
The directive was issued on Tuesday when the management of the Nigeria Customs Service appeared before the committee as part of the National Assembly’s ongoing oversight of revenue-generating agencies and the implementation of the 2025 budget.
The Chairman of the Committee and member representing Ikeja Federal Constituency, Lagos State, James Faleke, said lawmakers were not opposed to the Federal Government’s policy of granting import duty waivers but insisted that the process must be transparent and subject to legislative scrutiny.
According to him, the committee is particularly interested in establishing whether the concessions delivered the intended economic benefits and whether due process was followed in granting them.
He said, “Waiver is good. It is not a bad thing to grant a waiver.
