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Finance Minister, Edun Unveils National Single Window to Boost Trade

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has introduced the National Single Window (NSW) Project Kickoff Workshop to enhance business in the country.

According to the Ministry, Mr. Edun launched the initiative in Abuja on Tuesday, highlighting the transformative potential of the project in improving Nigeria’s trade facilitation and driving economic growth.

He stressed that the development 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 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.

“The project Secretariat will be housed within the FIRS, providing a central hub for coordination and oversight,” the Ministry stated.

Other key stakeholders from various government agencies that participated in the workshop include 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.

The Ministry explained that their collaboration is crucial to ensuring the successful implementation of the NSW, which is a critical component of President Tinubu’s broader economic reforms.

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

 

Hope Ejairu

Hope Ejairu is a writer, sports analyst and journalist, with publications in print and digital media. He holds certifications in various media/journalism trainings, including AFP.

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