The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has presided over the inaugural meeting of the Nigeria Customs Service Board at Customs Headquarters in Abuja.
The event, which took place on Tuesday, December 19, 2023, aimed to shape the future of trade, revenue, and economic vitality in Nigeria.
The highlight of the Minister’s address centered around the commitment to collaborate seamlessly with the Comptroller-General of Customs, Bashir Adewale Adeniyi in facilitating smoother trade.
As the Board Chairman of NCS, the Minister outlined a three-fold vision to redefine the trajectory of the nation’s economic landscape.
He articulated his commitment to elevating government revenue, fortifying critical spending in infrastructure and social services, and navigating the intricate realms of macroeconomic reform.
“Today marks a pivotal moment in our pursuit of economic resilience, and we are seeking substantial augmentation of government funds to propel crucial initiatives, ensuring that the wheels of progress turn unhindered”, he said.
According to him, his vision extended beyond mere revenue generation, expressing a commitment to fostering an environment where every citizen experiences the tangible benefits of economic prosperity.
The Minister also noted measures to provide affordable transportation, ensure food security, and alleviate the burdens of everyday life for the Nigerian populace.
“The President will be briefed comprehensively on our vision to lower the cost of living for Nigerians through making rich efforts to facilitate trade and boost our economy. We aim to implement measures that not only ease financial burdens but also elevate the living standards for every citizen”.
Edun envisioned a landscape where trade procedures would undergo a metamorphosis characterized by efficiency, speed, and a commitment to international best practices.
“We are on the verge of transformative change in trade facilitation. Our commitment is unwavering, and we are poised to implement the National Single Window project—a community-driven initiative that promises to revolutionize Customs procedures,” the Minister stated.
Explaining the significance of the National Single Window project, the Minister highlighted its role in modernization, automating processes, and ensuring electronic transmission of information and data across payment stakeholders.
According to the him, the initiative is not just a technological upgrade but a strategic move to bolster Customs and revenue, thereby becoming a key contributor to the nation’s economic growth.
