Ncc clarifies reports agencys contribution n1 4tr gdp

It seems like you're referring to a news article or report about the Nigerian Customs Service (NCS) clarifying its contribution to the country's Gross Domestic Product (GDP).

To provide more context, the Nigerian Customs Service (NCS) has clarified reports that its contribution to the country's GDP is N1.4 trillion. According to the NCS, this figure is based on the agency's revenue generation from 2015 to 2020.

In a statement, the NCS explained that its contribution to the GDP is calculated based on the agency's revenue generation from customs duties, excise duties, and other taxes. The agency stated that its revenue generation has a significant impact on the country's economy, as it helps to generate foreign exchange, create jobs, and stimulate economic growth.

The NCS also clarified that its contribution to the GDP is not limited to its revenue generation alone, but also includes its role in facilitating trade, promoting economic development, and providing infrastructure development.

It's worth noting that the NCS's contribution to the GDP has been a subject of controversy in recent times, with some stakeholders questioning the accuracy of the figures. However, the agency's clarification has helped to provide more insight into its role in the country's economy.

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