The Nigeria Customs Service Technical and Hangar Services Limited (NCT&HSL) convened its maiden Annual General Meeting (AGM) in Abuja, underscoring its commitment to advancing Nigeria’s aviation sector.
The AGM brought together key stakeholders from the aviation, customs, and public sector logistics industries, including senior officers of the Nigeria Customs Service (NCS), the Ministry of Finance Incorporated (MOFI), and other industry players. Discussions centered on operational development, expansion of NCS’s aviation services, and strengthening air surveillance capabilities.
Progress and Future Investments
Comptroller-General of Customs, Adewale Adeniyi, lauded the company’s achievements since the inauguration of its board last year, noting its significant strides within a short period.
“It is evident that the company has made remarkable progress, surpassing its previous achievements. The company’s future prospects remain a key priority,” Adeniyi stated.
Reflecting on his recent visit to the company’s hangar, he expressed confidence in ongoing investments. “On my way back from Ilorin yesterday, I made a quick visit to the hangar and saw how busy it was. This underscores that we are investing in the right direction.”
Adeniyi also revealed that the Ministry of Finance had shown interest in further investment in the company, which he believes would provide additional capital, expertise, and networks to drive growth.
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“As the majority shareholder, our expectation is that the company will continue to grow as a profit-yielding entity, providing value to our stakeholders and shareholders,” he said.
He further emphasized that while the NCS would respect the company’s autonomy, transparency and accountability remain paramount.
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Strengthening Operations and Financial Prudence
Managing Director of NCT&HSL, Capt. Kuhi Mbaya, reaffirmed the company’s role in modernizing customs operations, aligning with the broader initiative to establish specialized subsidiaries for enhanced efficiency and revenue generation.
“We are strategically employing qualified and competent staff while keeping a watchful eye on our salary overheads so that we do not overextend our financial capabilities. We have also made significant strides in legal compliance,” Mbaya said.
On cost-cutting measures, he highlighted the company’s approach to optimizing financial resources in equipment maintenance.
“Some of our maintenance equipment is highly expensive and used only occasionally. Instead of spending tens of thousands of dollars on purchases, we are exploring cost-effective alternatives such as leasing or partnering with other organizations to share resources,” he explained.
He assured stakeholders of the company’s commitment to operational excellence and financial sustainability.
“We continue to seek innovative ways to optimize our expenditure while maintaining the highest safety and compliance standards,” he added.
Governance and Future Plans
During the AGM, the board appointed new auditors and reappointed directors after due consideration. The meeting also laid the foundation for long-term planning, including upgrading aircraft maintenance facilities, improving ground handling services, and expanding the NCS fleet to support customs enforcement operations.