FG Launches National Single Window To Boost Trade

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has officially launched a National Single Window (NSW) project for the facilitation of trade in Nigeria.

In his opening address, the minister underscored the transformative potential of the single window in enhancing Nigeria’s trade facilitation and driving economic growth.

He emphasised that this initiative is a key pillar in the federal government’s strategy to improve trade and customs processes, reduce bottlenecks, and increase transparency within the nation’s trade environment.
To ensure the effective implementation and financial management of the project, the chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Nigerian Sovereign Investment Authority have been designated as the project’s implementing agencies.

The project secretariat will be housed within the FIRS, providing a central hub for coordination and oversight, the ministry of finance said in a statement that was issued on Wednesday.

Other key stakeholders from various government agencies, including the Nigerian Ports Authority (NPA), the Nigerian Customs Service (NCS), the Nigerian Civil Aviation Authority (NCAA), and the National Agency for Food and Drug Administration and Control (NAFDAC) are actively participating in the workshop.

Their collaboration is crucial to ensuring the successful implementation of the national single window, which is a critical component of President Tinubu’s broader economic reforms.

The three-day workshop will conclude on Thursday with a detailed action plan, outlining the next steps for the project and the timelines for its full implementation.