Nigeria Customs Hosts Roundtable on Best Practices for Government-Owned Companies

ABUJA, NIGERIA – The Nigeria Customs Service (NCS) on February 6, 2025, convened a high-level roundtable at its Headquarters in Maitama, Abuja, to discuss operational best practices for government-owned companies. The event gathered key stakeholders from the military, paramilitary, financial sectors, and regulatory bodies to explore strategies for enhancing governance, efficiency, and financial autonomy in state-owned enterprises.

Customs Comptroller-General Leads Discussions

The Comptroller-General of Customs (CGC Adewale Adeniyi) led the session alongside his management team, with participation from the Ministry of Finance, senior officers of the Nigerian Air Force, and board members of various government-owned companies. Also in attendance were distinguished guest speakers, including:

• Rear Admiral Suleiman Abdullahi (former Director of Logistics and Defence Administration)
• Air Vice Marshal Mohammed Umar (Rtd.)
• Professor Peter Akper, SAN
• Wing Commander Mohammed Mamu
• Christopher Ekwozor (Managing Partner, Anaebonam Ken & Co.

In his keynote address, CGC Adeniyi emphasized the importance of corporate governance, financial sustainability, and operational efficiency in managing government enterprises, particularly those under military and paramilitary oversight. He noted that the Nigeria Customs Service operates four companies, each playing a role in economic growth, job creation, and service delivery.

"Today’s discussion allows us to critically assess the operational structures, governance, and financial realities of these companies. By sharing experiences and addressing challenges, we can develop solutions to drive sustainable growth and efficiency," he stated.

Expert Insights on Military and Government-Owned Enterprises

Air Vice Marshal Mohammed Umar (Rtd.) traced the evolution of military-owned enterprises, highlighting the impact of Engineering and Technical Services Limited, Properties, Housing and Construction Services, and the Nigerian Air Force Investment Company Limited.

Rear Admiral Suleiman Abdullahi examined the governance challenges faced by government-owned businesses, stressing the delicate balance between government oversight and business autonomy.

"Understanding the legal and structural frameworks of these enterprises is crucial for their sustainability," he noted.

Strengthening Efficiency and Governance

The roundtable came at a time when government enterprises are striving to boost profitability, efficiency, and compliance with governance structures. Discussions fostered collaboration between security agencies and business entities, paving the way for enhanced operational standards.

Commitment to Reforms

In his closing remarks, NCS Director of Legal Services, Smart Akande, Esq., commended CGC Adeniyi and his management team for spearheading the initiative. He also appreciated the speakers and attendees for their invaluable contributions.

"Your insights have enriched our approach to ensuring government-owned companies operate effectively and contribute meaningfully to the national economy," he stated.

The event concluded with a renewed commitment to strengthening corporate governance, improving efficiency, and ensuring government-owned enterprises remain vital players in Nigeria’s economic landscape.