Nigeria Customs Technical & Hangar Services Holds Maiden AGM

Nigeria Customs Technical & Hangar Services Holds Maiden AGM.

… Reaffirms Commitment to Enhance Growth of Aviation Sector.

By Joe Njoku,
Global Freight News.

The Nigeria Customs Service Technical and Hangar Services Limited (NCT&HSL) has held its maiden Annual General Meeting (AGM) bringing together key stakeholders from the aviation, customs and public sector logistics industries.

The AGM was attended by senior customs officers and management of the Nigeria Customs Service (NCS), the Ministry of Finance Incorporated (MoF), and other important stakeholders.

The discussions was focused on Operational development and the expansion of NCS aviation services, with particular emphasis on strengthening air surveillance capabilities.

The Comptroller-General of Customs, Adewale Adeniyi, commended the company’s achievements since the inauguration of its board last year, stating that it had recorded significant progress.

According to him, “It is evident that the company has made significant progress, surpassing its achievements in the preceding year. The company’s future prospects are even more important to us,” he said.

Reflecting on his recent visit to the company’s
hangar, he expressed confidence in its investments. “On my way back from Ilorin yesterday, I made a quick visit to the hangar and saw, how busy it was. This underscored that we are investing in the right direction.”

The customs Boss also revealed that the Ministry of Finance had expressed interest in further investments in the company, which according to him, could provide fresh capital, expertise, and networks to drive growth.

“As the majority stakeholder, our expectation is that the company will continue to grow as a profit yielding entity, providing value to our stakeholders and
Shareholders,” he said.

Recently, we hosted a roundtable discussion to learn best practices from other government agencies running similar companies,” he added.

Adeniyi reassured the company’s board and management that the NCS would respect its autonomy while maintaining transparency.

“I assure the board and management that the Nigeria Customs Service will treat the company as an independent entity with its own autonomy. However, I must emphasis that transparency and accountability are essential, he said.

The Managing Director of NCT&HSL, Captain Kuhi Mbaya emphasised the company’s role in modernising customs operations, which is in line with the broader initiative of the Comptroller-General of Customs to establish specialised subsidiaries for enhanced efficiency and revenue generation.

He reiterated the company’s commitment to balancing workforce competence with financial prudence. “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.”

On cost-cutting measures, he disclosed that the company was adopting smarter financial strategies for maintaining equipment.

“Some of our maintenance equipment are very expensive, and much of it is only used occasionally. Rather than spending tens of thousands of dollars on such equipment when financial prudence is critical, we are exploring cost-effective alternative such as leasing or collaborating with other organizations to share resources,” he said.

However, he assures stakeholders of the company’s commitment to operational excellence and financial sustainability.

“We continue to seek innovative ways to optimise our expenditure while maintaining the highest safety and compliance standards,” he concluded.

At the closing session of the AGM, the board appointed new auditors and reappointed directors after due consideration.

Therefore. The meeting set the stage for long-term planning, including aircraft maintenance facilities, improving ground handling services, and expanding the NCS fleet to support Customs enforcement operations.