SS1 Second Term Commerce Lesson Note – Foreign Trade III

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WEEK 9

TOPIC: FOREIN TRADE (INTERNATIONAL TRADE)

CONTENT:

• Functions of customs and excise authority
• Functions of Nigeria Export Promotion Council
• Functions Nigerian Airports Authority and
• The Nigeria Ports Authority.

SUB-TOPIC 1: Functions of customs and excise authority

The customs and excise management Act (CEMA) cap 45, Law of the Federation of Nigeria, 2004 vest legal authority in the Nigeria Customs service (NCS) to act o behave of the Federal Government of Nigeria in all customs matter

1. Control and management of the administration of the customs and excise laws in general
2. Collection of revenues of customs and excise and accounting for same to the government
3. Enforcement of import and export restriction and prohibition: This includes carrying out anti-smuggling operations at the ports and borders in order to forestall importation and exportation of contrabands and goods injurious to the health and security of the country.
4. Provision of useful inter-agency cooperation with other agencies of government such as the Nigeria Police, NDLEA, NAFDAC, and SON
5. Trade facilitation
6. Handling trade procedures and documentation.

NIGERIA EXPORT PROMOTION COUNCIL

1. TO promote the development and diversification of Nigeria’s export trade
2. To assist in the development and promotion of export-related industries in Nigeria
3. To spearhead the creation of appropriate incentive
4. To articulate the promotion and implementation of policy relating to export and programme of the Nigerian Government

FEDERAL AIRPOTS AUTHORITY OF NIGERIA (FAAN)

1. Development, maintenance and provision of necessary services and facilities for air transport

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