National Single Window Will Boost Trade, Stabilise Economy — Finance Minister


The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has assured that the implementation of the National Single Window project will transform trade facilitation in Nigeria and reinforce economic stability.

Edun made this known while briefing journalists shortly after chairing the 63rd quarterly meeting of the Nigeria Customs Service (NCS) Board on Tuesday, September 2, 2025, at the Customs House in Maitama, Abuja.

He revealed that the initiative, scheduled for rollout in the first quarter of 2026, would deploy digital automation to streamline import and export processes, eliminate bottlenecks, and cut costs.

 “The National Single Window is a legacy project of President Bola Ahmed Tinubu. It will revolutionise trade by reducing bottlenecks, cutting costs, and speeding up cargo clearance. This combination of digital automation and efficiency will significantly boost our economy,” Edun said.


The Minister disclosed that the NCS had already deployed WCO-accredited officers, who contributed to drafting business process requirements, participated in vendor selection, and received technical support from the Trade Modernisation Project Limited.

The National Single Window, introduced by the Tinubu administration, is designed to unify all trade-related government agencies on a single digital platform, harmonise clearance processes, and enhance Nigeria’s competitiveness in global commerce.

Edun further noted that the reform would complement ongoing fiscal measures, which have started stabilising inflation, strengthening the naira, and improving both the trade balance and foreign reserves.



Reviewing the Service’s half-year performance, Edun disclosed that between January and June 2025, the NCS collected ₦3.68 trillion in revenue, surpassing projections by 11.85 percent and reflecting a 25 percent increase compared to the same period in 2024.

 “Revenue for the first six months stood at about ₦3.7 trillion, which is above target by almost 12 percent and represents a strong improvement over last year. Customs has demonstrated that reforms and technology can significantly enhance revenue mobilisation,” he stated.



The Minister emphasised that the Customs’ performance was crucial not only to the federal government but also to state and local governments, given its contribution to the Federation Account.

 “The revenue being generated feeds directly into the Federation Account and supports the budget of all tiers of government. With the Single Window initiative fully operational, we expect even greater efficiency and higher returns,” Edun added.

Comments

Popular posts from this blog

Guardians of the Waterways: Zonal Coordinator Applauds Western Marine Command’s Fight Against Smuggling

Nigeria Customs Service Cracks Down on Smuggling: ₦1.28 Billion Worth of Contraband Seized in Two Weeks

NEARLY TWO DECADES OF CONCESSION, APMT REMAINS UNDER FIRE FOR POOR SERVICE DELIVERY