The Nigeria Customs Service NCS on February 6, 2025, hosted a high-level roundtable discussion on operational best practices for government-owned firms at its headquarters in Maitama Abuja. The parley brought together key stakeholders from the military, paramilitary, and financial sectors.

In attendance at the one-day event was the Comptroller-General of Customs CGC, Bashir Adewale Adeniyi, alongside his management team, representatives from the Ministry of Finance, senior officers from the Nigerian Air Force, board members of various government-owned firms. Also present were distinguished guest speakers, including Rear Admiral Suleiman Abdullahi, Air Vice Marshal Mohammed Umar (Rtd.), Professor Peter Akper, SAN, Wing Commander Mohammed Mamu, and Managing Partner of Anaebonam Ken & Co, Christopher Ekwozor.

CGC Adeniyi, who delivered a keynote speech, underscored the significance of corporate governance, financial autonomy, and operational efficiency in managing government-owned enterprises, particularly those under military and paramilitary organisations. He emphasised that the Nigeria Customs Service operates four companies, each contributing to economic growth, job creation, and service delivery.

“We are here today to examine these companies’ operational structures, corporate governance, and financial realities. By sharing experiences and identifying challenges, we can develop solutions that will drive growth and efficiency,” he stated.

Meanwhile, Air Vice Marshal Mohammed Umar (Rtd.) in his contribution, provided insights into the establishment and management of military-owned companies, tracing their evolution and impact. He highlighted the pioneering role of Engineering and Technical Services Limited, followed by other entities such as Properties, Housing and Construction Services, and the Nigerian Air Force Investment Company Limited.

Another expert, Rear Admiral Suleiman Abdullahi, former Director of Logistics and Defence Administration, discussed the unique challenges faced by government-owned companies, particularly the delicate balance between government oversight and business autonomy.

“Understanding the legal and structural frameworks of such companies is essential for their sustainability,” he noted.

Participants observed that the roundtable discussion came at a crucial time when government-owned enterprises strive to enhance efficiency and profitability while aligning with broader governance structures. The discussions fostered collaboration between security agencies and business entities, paving the way for improved operational standards.

Director of Legal Services, Nigeria Customs Service, Smart Akande, Esq., delivered the vote of thanks, commending CGC Adeniyi and his management team for spearheading the initiative. He also appreciated the esteemed speakers and attendees’ invaluable insights and contributions.

“Your perspectives have enriched our understanding of operational best practices for government-owned companies,” he stated.

A high point of the event was the renewal of commitment by stakeholders to strengthen governance, enhance operational efficiency, and ensure government-owned enterprises remain viable contributors to national economic growth and development.