Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has launched the National Single Window (NSW) Project Kickoff Workshop in Abuja that aims to streamline trade processes, reduce bottlenecks, and increase transparency, positioning Nigeria for unprecedented economic growth.
Speaking at the event, the Minister underscored the transformative potential of the NSW in enhancing Nigeria’s trade facilitation and driving economic growth and described the initiative as a key pillar in the federal government’s strategy to improve trade and customs processes within the nation’s trade environment.
To ensure the effective implementation and financial management of the project, the minister said the Federal Inland Revenue Service (FIRS), led by its Executive Chairman, Dr. Zacch Adedeji, and the Nigerian Sovereign Investment Authority (NSIA) have been designated as the project’s implementing agencies and the project Secretariat will be housed within the FIRS, providing a central hub for coordination and oversight.
A statement by the ministry of finance identified 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) as active parts of the collaboration that are crucial to ensuring the successful implementation of the NSW, which is a critical component of President Bola Ahmed Tinubu’s broader economic reforms.
The statement signed by Mohammed Manga, Director Information and Public Relations at the ministry disclosed that with the launch of the National Single Window, Nigeria is poised to witness a significant leap in trade facilitation and economic growth. “The collaboration among key stakeholders and the designation of implementing agencies underscore the federal government’s commitment to this critical component of President Tinubu’s economic reforms,” he added.
Good production costs money and you can support what we do. Please find our details below👇🏾👇🏾👇🏾 Account name: MARKET ONLINE MEDIA Bank: UBA Acc No: 1026401930.
