Customs: Naira devaluation has made Nigerian goods affordable to African countries

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Timi Bomodi, comptroller of Seme command, Nigeria Customs Service (NCS), says naira devaluation has positively impacted exports.

Timi Bomodi, comptroller of Seme command, Nigeria Customs Service , says naira devaluation has positively impacted exports.He said imports and exports are usually influenced by market forces, specifically demand and supply.

“This encourages people from neighbouring countries to want to purchase goods from Nigeria but while we complain that the exchange rate has a negative impact on imports, it has a positive impact on exports. “Here at Seme-Krake border post, we have our primary responsibility as customs which is facilitation of legitimate trade.“We deal with a lot of imports and exports and enforce fiscal policies of the government, particularly in area of prohibition.

 

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