• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, August 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Importers Save N100m In 4 Months With AEO’

by Yusuf Babalola
7 months ago
in Business
Importers
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Customs Service (NCS), on Wednesday, revealed that the Authorised Economic Operator (AEO) programme, which is still in its pilot phase, has saved importers, logistics operators and Small and Medium Enterprises (SMEs) N100 million in four months.

Advertisement

Disclosing this on Wednesday in Lagos during the AEO Pre-launch Stakeholder Engagement and Sensitisation on Post Clearance Audit and Advance Ruling, the Comptroller General of Customs, Bashir Adewale Adeniyi revealed that the official launch of the AEO program will come up on the 14th of February 2025.

The Customs CG who was represented by the assistant comptroller general of Customs,  Trade and Tariff, Kingsley Egwuh, said the AEO programme was a key component of the Service’s modernisation efforts.

“The AEO program is a key component of our Service’s modernisation efforts, designed to align Nigeria with global standards in trade facilitation and supply chain security. It reflects our dedication to fostering a seamless and efficient trading environment, promoting a trusted partnership between Customs and economic operators, fostering an environment of transparency, efficiency and mutual benefits.

“On the 15th of April 2024, we took a bold step by launching the pilot phase of the AEO programme, involving six pilot beneficiaries across diverse sectors including importers, logistics operators and small and medium-sized enterprises (SMEs). “Their participation in this groundbreaking initiative underscores the inclusivity and wide-reaching impact we aim to achieve.

RELATED

Flight Cancellation: NCAA Launches Complaints Automation Portal

NCAA Launches First SERVICOM Integrated Service Charter

3 hours ago
Equities Market Extends Rebound With N204bn Gain

Equities Market Extends Rebound With N204bn Gain

3 hours ago
ADVERTISEMENT

“This pilot provided us with valuable insights into the needs and expectations of stakeholders as we lay a solid foundation for the full implementation of the program. On the 2nd of September 2024, the Service commenced the administration of AEO benefits and I am pleased to share that the results have been remarkable. Over a four-months period, the beneficiaries have realised cost savings of approximately 100 million Naira.

 

“Truly, this is the ease of doing business in action. Beyond the financial impact, the program has also brought about a notable improvement in efficiency, streamlining processes and ensuring that goods move more swiftly and securely through the supply chain.

ADVERTISEMENT

 

“Complementary initiatives such as Advance Ruling and Post-Clearance Audit (PCA) are essential to the success of the AEO programme. These tools are critical in fostering compliance and predictability in the trading environment.”

 

The Customs boss, however, stated that the service is committed to creating an enabling environment for trade.

 

“NCS Advance Ruling programme was implemented to fulfill legal obligations under Standard 9 of the WCO-RKC 2006 and the WTO-TFA 2017 to provide predictability and transparency for trade while providing a facility for voluntary compliance and securing Government Revenue.

 

“The implementation of PCA reforms has strengthened our ability to ensure compliance after the release of goods, thereby reducing delays during clearance while maintaining the integrity of Customs operations.

 

“As we approach the official launch of the AEO programme scheduled for 14 February 2025, today’s stakeholder engagement is a vital platform for sharing our pilot findings, dialogue on these findings and co-create solutions to identified gaps in the programme.

 

“Your insights and feedback are invaluable as we co-own this project to ensure the program’s effectiveness and sustainability.”


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Nigeria Customs Service (NCS)
SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

Stakeholders Harp On AI Tech For Entrepreneurship, Market Evolution

Next Post

N580bn Needed For Airport Runways Renovation – FAAN

Yusuf Babalola

Yusuf Babalola

You May Like

Flight Cancellation: NCAA Launches Complaints Automation Portal
Business

NCAA Launches First SERVICOM Integrated Service Charter

2025/08/27
Equities Market Extends Rebound With N204bn Gain
Business

Equities Market Extends Rebound With N204bn Gain

2025/08/27
State Of Emergency In Rivers: Way Forward
Business

Tinubu Bans Raw Shea Export For Six Months, Eyes $300m Revenue Boost

2025/08/27
Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu
Business

Nigeria’s Poor Electricity, Weak Infrastructure Hinder Growth But Present Investment Opportunities – Awele Elumelu

2025/08/27
Renaissance Energy Africa Reaffirms Commitment To Safety Operations
Business

Renaissance Energy Africa Reaffirms Commitment To Safety Operations

2025/08/27
Dangote Cement Records Impressive Topline Growth, Sustains Profitability
Business

Dangote Cement Urges Multi-sector Collaboration To Combat Youth Unemployment

2025/08/27
Leadership Conference advertisement

LATEST

PDP’s 2027 Zoning To South Is Wike’s Hand, Tinubu’s Voice, Says Dele Momodu

JUST-IN: Imo Gov’t Approves N104,000 Minimum Wage For Workers

Oyo Gov’t Partners Chinese Firm To Boost Economy, Create 5,000 Jobs

NECO Lists Hall, System Requirements As CBT Exams Begin November

South Korea Bans Use Of Smartphone In Schools

Amb. Ogwus To Receive Africa’s Fashion Entrepreneur Award Sept 20 In London

NUJ FCT Hails Stella Din Jacob’s Appointment As NTA’s First Female Executive Director Of News

Ododo Vows To Tackle Insecurity On Itobe-Anyigba Road

Equities Market Extends Rebound With N204bn Gain

NCAA Launches First SERVICOM Integrated Service Charter

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.