On February 6, 2025, the Nigeria Customs Service (NCS) convened a high-level roundtable at its headquarters in Maitama, Abuja, focusing on operational best practices for government-owned companies. The event gathered key stakeholders from the military, paramilitary, and financial sectors to discuss strategies for improving corporate governance, financial autonomy, and operational efficiency.
Comptroller-General of Customs, Adewale Adeniyi, emphasized the importance of these principles in managing state-owned enterprises, particularly those under military and paramilitary organizations. He highlighted that the NCS operates four companies contributing to economic growth, job creation, and service delivery.
Distinguished speakers, including Rear Admiral Suleiman Abdullahi and Air Vice Marshal Mohammed Umar (Rtd.), provided insights into the establishment, management, and unique challenges of military-owned companies. The discussions aimed to foster collaboration between security agencies and business entities, paving the way for improved operational standards.
The event concluded with a renewed commitment to strengthening governance, enhancing operational efficiency, and ensuring that government-owned enterprises remain viable contributors to national economic growth.
