• Fri. Feb 23rd, 2024

Customs Implements World Customs Organisation Led PCA, AEO Diagnostic Mission For Enhanced Trade Facilitation

The Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi MFR, announced the implementation of robust risk management strategies to bolster the integrity of Customs processes and mitigate risks.

This revelation was made during the two-week retreat on the Inauguration of WCO-led Post Clearance Audit (PCA) & Authorised Economic Operators (AEO) Diagnostic Mission for Senior NCS Officers at the Wells Carlton Hotel Conference Room in Abuja.

The CGC highlighted measures taken by the Service to significantly improve the efficiency of supply chains and facilitate meticulous post-clearance audits. He emphasized the aim to foster innovation and entrepreneurship across sectors, enabling Small and Medium Enterprises (SMEs) to qualify for AEO status in the coming years through tailored training, support, and incentives.

The initiative aligns with the commitment to inclusive growth, job creation, and poverty alleviation, ensuring that all segments of society benefit from trade facilitation and economic development opportunities. It also aims to evaluate entry barriers for SMEs and systematically address them.

Addressing the context of the African Continental Free Trade Area (AfCFTA), the CGC underscored the essential role of PCA and AEO for the successful implementation of AfCFTA. He highlighted that these initiatives at the regional level nurture trade facilitation, refine customs procedures, fortify compliance mechanisms, and promote transparency.

The CGC expressed gratitude to the World Customs Organization and commended the dedication and expertise of stakeholders involved, including WCO-led PCA, IMF, World Bank, and AEO Diagnostic Mission.

The Deputy Comptroller-General of Customs (DCG), Abdullahi Musa, in charge of Tariff and Trade, welcomed the participants and stressed Nigeria’s position as a hub for trade and investment. He urged officers to embrace innovation, collaboration, and continuous improvement in Customs practices. DCG Musa reiterated the mission’s goal to enhance compliance mechanisms, foster trade facilitation, and contribute to the broader objectives of the World Customs Organization.

DCG Musa thanked the World Bank Group experts and the International Monetary Fund for their support and partnership. He commended the dedication and expertise of all stakehxyz@customs.gov.ngolders involved in the mission, anticipating a prosperous future for the Nigeria Customs Service.

The WCO-led Post Clearance Audit and Authorised Economic Operator Diagnostic mission is a two-week program organized by the Nigeria Customs Service to accelerate trade facilitation.

Hyacinth Beluchukwu Nwafor

Hyacinth Beluchukwu Nwafor is a seasoned journalist and the CEO/Founder Belch Digital Communications, publishers of Hybrid News Nigeria.

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