The Nigeria Customs Service (NCS), has renewed its commitment to strengthening and enhanced operational efficiency, to ensure government-owned enterprises remain viable contributors to national economic growth.
The Comptroller-General of Customs (CGC), Adewale Adeniyi, stated this at a one-day high-level roundtable discussion on operational best practices for government-owned companies at its Headquarters in Maitama Abuja.
In his keynote address, CGC Adeniyi, who underscored the significance of corporate governance, financial autonomy, and operational efficiency in managing government-owned enterprises, particularly those under military and paramilitary organisations, emphasised that the Nigeria Customs Service operates four companies with each contributing to economic growth, job creation, and service delivery.
On his part, Air Vice Marshal Mohammed Umar (Rtd.) who was a guest at the event , provided insights into the establishment and management of military-owned companies, tracing their evolution and impact.
He highlighted the pioneering role of Engineering and Technical Services Limited, followed by other entities such as Properties, Housing and Construction Services, and the Nigerian Air Force Investment Company Limited.
Another expert, Rear Admiral Suleiman Abdullahi, former Director of Logistics and Defence Administration, discussed the unique challenges faced by government-owned companies, particularly the delicate balance between government oversight and business autonomy.
The NCS Director of Legal Services, Smart Akande, Esq., who delivered the vote of thanks, commended the CGC Adeniyi and his management team for spearheading the initiative.
He also appreciated the esteemed speakers and attendees’ invaluable insights and contributions.
The roundtable discussion came at a crucial time when government-owned enterprises strive to enhance efficiency and profitability while aligning with broader governance structures.
The discussions also fostered collaboration between security agencies and business entities, paving the way for improved operational standards.
The one-day event, which brought together key stakeholders from the military, paramilitary, and financial sectors was attended by CGC Adeniyi, alongside his management team, representatives from the Ministry of Finance, senior officers from the Nigerian Air Force, and board members of various government-owned companies.
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