The Federal Executive Council (FEC) has approved N20 billion for the Nigeria Customs Service (NCS) to acquire compressed natural gas (CNG) vehicles, establish forward bases in remote areas, and provide life insurance for officers.Minister of Finance and… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader FEC approves N20bn for customs CNG vehicles, remote bases, insurance By Busola Bamidele on February 4, 2025 The Federal Executive Council (FEC) has approved N20 billion for the Nigeria Customs Service (NCS) to acquire compressed natural gas (CNG) vehicles, establish forward bases in remote areas, and provide life insurance for officers. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this on Monday after the FEC meeting presided over by President Bola Ahmed Tinubu at the State House, Abuja. Read also: FEC approves N20bn for customs CNG vehicles, remote bases, insurance Denmark seeks stronger business ties with Enugu, eyes investment in agriculture, logistics Kwara urges NAFDAC to intensify fight against fake drugs, substandard food Parallex Bank excites Port Harcourt customers with Save and Win Promo SMEDAN reviews SME growth in Oyo, highlights farm reforms The approval includes a N1 billion group life insurance policy for Customs officers, aimed at improving their welfare and ensuring financial security for their families. Edun stated that the projects are crucial for enhancing Customs operations and officer safety. The investment in CNG-powered vehicles aligns with the government's push for cleaner energy, while the establishment of forward bases is expected to strengthen border security and trade facilitation.

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