Economy

National Single Window’ll Boost Trade, Stabilise Economy, Says Minister Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that implementing the National Single Window project will significantly transform trade facilitation in Nigeria and reinforce efforts to stabilise the economy.

Minster Edun stated this while speaking to journalists after chairing the 63rd quarterly meeting of the Nigeria Customs Service Board (NCSB) on Tuesday, September 2, 2025, at the Customs House in Maitama, Abuja.

He explained that the initiative, scheduled for rollout in the first quarter of 2026, will integrate digital automation and enhance efficiency in import and export processes.

“The National Single Window is a legacy project of President Bola Ahmed Tinubu. It will revolutionise trade by reducing bottlenecks, cutting costs, and speeding up cargo clearance. This combination of digital automation and efficiency will significantly boost our economy,” the Minister noted.

He disclosed that Customs had already deployed WCO-accredited officers, who contributed to drafting business process requirements, and participated in vendor selection, with continued technical support from the Trade Modernisation Project Limited.

Recall that the National Single Window initiative was formed by President Bola Tinubu’s administration to unify all trade-related government agencies on a single digital platform, harmonise clearance processes, reduce bureaucracy, and promote Nigeria’s competitiveness in global commerce.

Minister Edun added that the reform would complement ongoing fiscal measures, which have already begun stabilising inflation, improving the exchange rate, and strengthening Nigeria’s trade balance and foreign reserves.

On Customs’ half-year performance, the Minister revealed that between January and June 2025, the Service collected ₦3.68 trillion in revenue, surpassing projections by 11.85 per cent and reflecting a 25 per cent rise compared to the same period in 2024.

“Revenue for the first six months stood at about ₦3.7 trillion, which is above target by almost 12 percent and represents a strong improvement over last year. Customs has demonstrated that reforms and technology can significantly enhance revenue mobilisation.”

He emphasised that the performance was crucial not only to the federal government but also to state and local governments, given Customs’ contribution to the Federation Account.

“The revenue being generated feeds directly into the Federation Account and supports the budget of all tiers of government. With the Single Window initiative fully operational, we expect even greater efficiency and higher returns,” he further stated.

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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