• Sun. Jul 14th, 2024

Nigeria Customs Service Board Commits To Streamlined Trade Facilitation under Finance Minister’s Leadership


The inaugural meeting of the Nigeria Customs Service (NCS) Board, held at Customs Headquarters in Abuja on Tuesday, December 19, 2023, was presided over by Finance Minister and Coordinating Minister of the Economy, Wale Edun FCS. The event marked a pivotal moment in Nigeria’s pursuit of economic resilience and strategic enhancement of trade facilitation.

At the onset of the meeting, Minister Wale Edun underscored the Board’s commitment to working collaboratively with Comptroller-General Bashir Adewale Adeniyi MFR to facilitate seamless trade and redefine the nation’s economic trajectory. As the newly appointed Board Chairman of NCS, the Minister articulated a three-fold vision aimed at reshaping the future of trade, revenue, and economic vitality in Nigeria.

Central to the Minister’s address was the elevation of government revenue, channeling funds towards critical infrastructure and social services, and navigating the intricacies of macroeconomic reform. He emphasized the significance of augmenting government funds to propel essential initiatives, ensuring unimpeded progress in various sectors.

Expressing a broader vision beyond revenue generation, the Minister committed to creating an environment where every Nigerian experiences the tangible benefits of economic prosperity. He outlined measures to enhance transportation affordability, ensure food security, and alleviate everyday burdens for citizens across the nation.

“We aim to present a comprehensive vision to the President that will lower the cost of living for Nigerians, achieved through robust trade facilitation and economic growth initiatives,” the Minister affirmed.

Highlighting the imminent implementation of the National Single Window project, the Minister elaborated on its potential to revolutionize Customs procedures. He emphasized its role in modernizing processes, automating systems, and ensuring efficient electronic transmission of information among payment stakeholders. This initiative signifies not just technological advancement but also a strategic step towards reinforcing Customs operations and revenue, contributing significantly to the nation’s economic advancement.

The Minister’s visionary address resonated deeply within the Nigeria Customs Service, heralding a new era for Nigeria characterized by economic prosperity, social upliftment, and an unwavering commitment to operational excellence.

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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