• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 15, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria, UK Customs To Tackle £1.2bn Trade Imbalance With Digital Initiative

Yusuf Babalola by Yusuf Babalola
4 months ago
in Business
Bashir Adewale Adeniyi customs cg
Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s Customs Service (NCS) and the United Kingdom’s Tax and Customs authority have agreed to establish a structured data-sharing framework to resolve a staggering £1.2 billion discrepancy in bilateral trade figures, a gap that has long undermined transparency and efficiency across Nigeria’s West African trade corridors.

The commitment, according to a statement by the spokesman of the Service, Abdullahi Maiwada, emerged from a high-level bilateral meeting held in London on 18 March 2026, on the sidelines of President Bola Tinubu’s State Visit to the United Kingdom, under the Nigeria, United Kingdom Enhanced Trade and Investment Partnership (ETIP) framework, signalling a new chapter in customs cooperation between Africa’s largest economy and its former colonial ruler.

The talks, he said, were led by Comptroller General of Customs Adewale Adeniyi and Head of International Customs and Border Engagement at His Majesty’s Revenue and Customs (HMRC), Megan Shaw, and centred on customs modernisation, data transparency in bilateral trade flows, and expanded operational cooperation.

At the heart of the engagement was a striking statistical anomaly: while Nigeria recorded approximately £504 million in UK-origin goods as imports in 2024, the United Kingdom reported exports to Nigeria valued at approximately £1.7 billion for the same period, a mismatch of roughly £1.2 billion that both administrations described as a structural issue demanding coordinated resolution.

To bridge this gap, both parties agreed to explore establishing a pre-arrival data exchange framework that links their respective digital customs platforms to enhance risk management, improve data reconciliation, and strengthen compliance monitoring across the Nigeria–UK trade corridor.

Adeniyi, whose service oversees one of Africa’s busiest port environments, stressed the strategic importance of the exercise.

 

RELATED NEWS

Dangote Refinery Insulates Nigerians From Global Fuel Price Shock – S&P

NAHCO Vehicle Rams Air Peace Aircraft Engine, Disrupts Flight Operations

DMO Targets N1.2trn From July FGN Bond Auction

“Effective customs cooperation remains a critical enabler of economic growth and sustainable trade development,” he stated, adding that “customs administrations serve as the frontline institutions responsible for ensuring that trade flows between both countries are transparent, secure, and mutually beneficial.”

The CGC further noted that Nigeria and the United Kingdom share a long-standing economic relationship, anchored by active trade across key sectors, including industrial goods, agriculture, energy, and consumer products, which are deeply intertwined with port and maritime logistics operations.

 

The meeting, Maiwada noted, also gave both sides an opportunity to showcase their respective modernisation programmes. The UK presented advances in artificial intelligence-driven trade tools, digital verification systems, and real-time analytics capabilities, with direct implications for port processing speeds, cargo risk assessment, and border security.

Beyond data reconciliation, the London engagement produced concrete deliverables with far-reaching implications for trade facilitation. These include developing a Customs Mutual Administrative Assistance Framework, commencing technical scoping for capacity-building and knowledge exchange, and establishing a joint technical engagement mechanism under the ETIP framework.

For Nigeria’s ports and trade ecosystem, the outcomes are significant. “The NCS has reaffirmed its commitment to deepening international partnerships as part of a broader modernisation agenda designed to promote transparency, efficiency, and competitiveness in Nigeria’s trading environment,” the statement said.

The Service further assured stakeholders that “insights from this engagement will strengthen its operational capacity, enhance trade facilitation, and support Nigeria’s economic reform objectives under the Renewed Hope programme.”

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn as much as $15,000- $25,000 with premium domains. You decide if you want payment in Naira or US Dollars. Be sure to ask for evidence and proof of people benefitting daily from this. CLICK HERE TO START
Yusuf Babalola

Yusuf Babalola

Yusuf Babalola is a Senior Correspondent with Leadership Newspaper, specialising in maritime, aviation, transport, and economic reporting in Nigeria. He is recognised for well-researched stories that illuminate policy developments, industry challenges, and stakeholder perspectives across Nigeria's logistics, shipping, and aviation sectors. His reporting is noted for its clarity, balance, and commitment to professional journalistic standards.

OTHER NEWS UPDATES

Dangote Refinery Insulates Nigerians From Global Fuel Price Shock – S&P
Business

Dangote Refinery Insulates Nigerians From Global Fuel Price Shock – S&P

3 hours ago
NAHCO Vehicle Rams Air Peace Aircraft Engine, Disrupts Flight Operations
Business

NAHCO Vehicle Rams Air Peace Aircraft Engine, Disrupts Flight Operations

8 hours ago
DMO Raises N724.9bn In February Bond Auction
Business

DMO Targets N1.2trn From July FGN Bond Auction

10 hours ago
Next Post
Power Generation Rose By 30% In 2024 – Adelabu

Power Minister Says Federal Gov't Tackling GenCos’ Gas Shortages, Gives No Specifics

Advertisement

LATEST UPDATE

Just In: ‎BBNaija Season 11 Premieres July 26 With ₦160m As Grand Prize

34 minutes ago

Benue Signs ₦25bn Agribusiness Pact, Promises Support For Investors

41 minutes ago

Nigeria Loses ₦3.5trn Yearly To Post-Harvest Losses, 40m Tones Of Food — BoA

53 minutes ago

EFCC Arraigns 2 FCDA Officials Over Alleged Sale Of FCT Staff Houses

1 hour ago

Delta Police Arrest Content Creator Odogwu Asaba Over Alleged Rape, Death Of 20-Year-Old Woman

1 hour ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

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

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.