Nigeria’s efforts to simplify trade processes and improve revenue generation through digitalisation are gaining momentum, with the Federal Government’s National Single Window, NSW, recording significant progress in its first eight months of operation.
The platform has processed N17 billion in payments, registered over 12,000 importers and clearing agents, and onboarded key players in the maritime and aviation sectors.
The project is now preparing for its second phase, which will focus on streamlining export procedures.
Inaugurated by President Bola Tinubu in April 2024, the NSW provides a centralised platform for trade documentation and regulatory approvals.
Director of the NSW Committee, Tola Fakolade, says the platform has processed over 4,000 trade manifests and a 169,211 permits and certificates, with 27 airlines and 20 shipping lines onboarded. The second phase, scheduled for December, will focus on simplifying exports.
Comptroller, ICT Modernisation, Nigeian Customs Service, NCS said the second phase will streamline exports, eliminate bottlenecks and ensure legitimate shipments are cleared within 48 hours.
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Deputy Director of the Nigerian Export Promotion Council, NEPC, Representative of Standards Organisation of Nigeria, SON and others insist that the platform will harmonise regulatory processes, improve compliance and speed up export procedures.
As Nigeria moves towards the second phase of the NSW, players in the industry are optimistic that the platform will cut export delays and transaction costs while boosting Nigeria’s competitiveness in international trade.
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(Editor: Terverr Tyav)
