The Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite has reiterated the Federal Government’s commitment to boosting trade efficiency and economic growth with the National Single Window (NSW) initiative.
Dr Uzoka-Anite gave the assurance Tuesday at the National Single Window (NSW) Industry and Stakeholder Forum, held in Lagos
She informed that the National Single Window is a game-changer for Nigeria’s economy. It will position our nation as a beacon of trade efficiency and progress on the African continent and beyond.
The Minister explained that the NSW provides a unified digital platform for traders to manage all import, export, and transit-related regulatory requirements, reducing bureaucratic hurdles and increasing transparency.
This innovative platform she added is expected to generate significant revenue, with the potential to cut costs and reduce port delays.
While urging all stakeholders to remain steadfast in their commitment to this transformative agenda, Dr Doris noted that the successful implementation of the National Single Window requires a strong commitment from all stakeholders, including government agencies, the private sector, and civil society.
She stated that by tackling corruption and cutting red tape, the NSW will enhance Nigeria’s global trade competitiveness, positioning the country as a regional transhipment hub.
Dr Uzoka-Anite stated further that the launch of the Nigerian National Single Window, under the visionary leadership of His Excellency President Bola Ahmed Tinubu, represents our commitment to unlocking the full potential of Nigeria’s economy. It aligns seamlessly with the Federal Government’s broader agenda for economic reform, revenue generation, and the creation of a more business-friendly environment.
The NSW is a sophisticated centralized digital platform that provides a unified system for traders to manage all import, export, and transit-related regulatory requirements. This innovative platform enables users to submit necessary documentation, obtain approvals, and make required payments to various government agencies through a single, integrated interface.
By streamlining trade processes, reducing bureaucratic hurdles, and fostering greater efficiency, the NSW is expected to increase trade volume, revenue collection, and foreign investment. The platform will also enhance transparency, minimize delays, and promote economic growth.
With the launch of the NSW, Nigeria joins the ranks of countries like Singapore, South Korea, and Rwanda, which have successfully implemented similar platforms to boost trade efficiency and economic growth.
Signed
Mohammed Manga, FCAI
Director, Information and Public Relations
