Cameroon’s Customs Department Raises Over FCFA 542 Billion in 2011

Cameroon’s Customs Department Raises Over FCFA 542...

Yaounde, Cameroon Africa. (Cameroon News ) – The Custom Department in Cameroon has contributed over FCFA 542 billion to Cameroon’s public treasury in 2011, compared to FCFA 528 billion in 2011, registering an increase of FCFA 43 billion.

The Director General of Customs, Minette Libom Li Likeng disclosed the contribution during the Customs Night organized in Cameroon’s economic capital city, Douala on December 29, 2011.

The increase in customs revenue, she explained, was due to government reforms to modernize the sector and also serious business people who effectively pay customs duties and taxes.

The customs revenue announced, Minette Libom Li Likeng said, did not include the expected FCFA 30.408 billion from the Cameroon Oil Refinery Corporation (SONARA) and FCFA 38.738 billion from the public administration.

Douala maritime seaport
Douala Cameroon Maritime Transport seaport

The Customs Night was organized under the theme, “Customs and Enterprises; win-win partnership. Together let us face the challenge of making Cameroon an emerging country”.

The new Finance Minister, Alamine Ousmane Mey, chairing the occasion said accelerating growth to make Cameroon an emerging country was the major preoccupation of government in President Paul Biya’s new seven-year term of office.

He prescribed morality, continuous efforts to improve business environment and strengthening the competitiveness of enterprises.

Leave a Reply

Your email address will not be published.

two + 19 =