4th National Roundtable 2022 Edition:  Stakeholders Lament Insecurity in Nigeria                             
Nigeria is under trade terrorism - Dr. Farinto

 Stakeholders, at it's 2022 Edition of the  4th National Roundtable Discussion held in LĂ gos unanimously agreed that Nigeria has been overwhelmed with insecurity, high level of corruption, collapsing economy and anxiety over the 2023 general elections.

The Acting President of the Association  of Nigerian Customs Lisenced Agents, ANCLA, Dr Kayode Farinto said the nation is in the era of trade terrorism.

Farinto in his keynote address said rather than concentrating on the improvements of the nation's economy, the government is only interested in revenue generation.

"For us to move forward, government has a lots of responsibilities to do because the failure actually emanate from government.

"The history of trade terrorism start from government. Its sends out SON that is supposed to regulate items is now trying to generate revenue.

"We have a Federal Ministry of Financed that is not organised.

"We now have a CG of Customs who is actually powerful than the Minister of Finance.

He also lamented that the government   has stressed the agents at the nation's ports to the point where some of them can no longer continue in their businesses.                

 Farinto said the youth who are expected to contribute to the growth of the economy are now concentrating on substance abuse thereby becoming a liability instead of an asset to the country.                         

He said the Standard Organisation of Nigeria, SON set up to regulate substandard products in Nigeria has also been turned to revenue generating agency.      

On the Nigeria Customs Service, the ANCLA boss said some customs officers who are due for retirement are lobying to extend their retirement from the service.

"A lots of  Customs officers that were supposed to disengaged by January, we are hearing from grapevine that through the backdoor some of them still wants to come. We are waiting for them".,

This,  has denied the young vibrant officers to contribute their quotas to economy. He said.

He said there is an urgent need to unboundle the Ministry of Transportation in other to have efficiency in the transport sector.          

He expressed sadness at the rate in which the Nigeria economy is nose-diving.                  

 Farinto also accused the TinCan Command of the NDLEA of extorting agents at the ports.   

Professor Francis Omotoso, the Registrar of the NAGAFF Academy said the strength of a Nation is in its foreign reserve.      


Omotoso said 75 percent of Nigeria importers are no longer importing because of poor performance of the Naira. 

He said it is difficult for the economy because some people are sabotaging the economy.

" government is not sincere about the naira. Until we are able to do that insecurity will persist.              

He described  subsidy as a scam because subsidy is meant for export only. According to, the exporters. He said Nigeria's economy is nose-diving on daily basis as Government is not monitoring the movement of our oil as Saudi Arabia has been doing.   

The Assistant Commander. Vigilante Group of Nigeria in his submission said 

"With all the land we have that grow rice. We need 3.5 million metric tones per hectare to satisfy our local consumption.

Those that we can access now is 1.5 million hectares , we have destitute of 2. million hectares left and that is why no matter how many rice we produced the price will continue increasing because demand is higher than  supply .

He however advised the NDLEA to  take its sensitisation seminar to community Leaders in it war against drug abuse in the country.

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