shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » National Single Window Will Boost Trade, Stabilise Economy — Finance Minister

National Single Window Will Boost Trade, Stabilise Economy — Finance Minister

By Oluyinka Onigbinde

by Joshua
September 4, 2025
in Featured, News

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the National Single Window project will transform trade facilitation in Nigeria and play a major role in stabilising the economy once implemented.

Edun made the remarks on Tuesday, September 2, 2025, shortly after presiding over the 63rd quarterly meeting of the Nigeria Customs Service Board at the Customs House, Maitama, Abuja. He explained that the project, scheduled for rollout in the first quarter of 2026, would streamline import and export processes through digital integration and automation.

“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 said.

He disclosed that the Nigeria Customs Service had already deployed World Customs Organisation (WCO)-accredited officers to develop business process requirements and participate in vendor selection, with ongoing technical support from the Trade Modernisation Project Limited.

The National Single Window initiative, introduced by the Tinubu administration, is designed to unify all trade-related government agencies on one digital platform. It seeks to harmonise clearance procedures, minimise bureaucracy, and improve Nigeria’s competitiveness in international trade.

According to the minister, the reform is also expected to complement other fiscal measures aimed at stabilising inflation, improving the exchange rate, strengthening the trade balance, and boosting foreign reserves.

Reviewing the performance of Customs in the first half of 2025, Edun disclosed that the Service collected ₦3.68 trillion between January and June, surpassing its revenue projection by 11.85 percent and recording a 25 percent increase 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 noted.

He stressed that Customs’ revenue performance remained critical to the federal government, as well as state and local governments, since it contributes directly to the Federation Account.

“With the Single Window initiative fully operational, we expect even greater efficiency and higher returns,” Edun added.


Related Posts

MARAN Inaugurates Onigbinde-Led Executive Council, Seeks Stronger Ethical Standards in Maritime Journalism

MARAN Inaugurates Onigbinde-Led Executive Council, Seeks Stronger Ethical Standards in Maritime Journalism

June 24, 2026
NSIB, LASWA Partner To Boost Lagos Waterways Transport

NPA, Police Move to Eliminate Illegal Checkpoints on Apapa, Tin Can Port Corridors

June 24, 2026
Evolving Crew Challenges Call For Enhanced Focus On Seafarer Mental Health

IMO Confirms Death Of 14 Seafarers, Announces Evacuation Plan For 11,000 Stranded   In The Strait Of Hormuz

June 24, 2026
Refusal To Give 5% Revenue Reason Truckers Are Demanding Unbundling Of Eto – TTP Alleges

TTP: Ètò System Drives Apapa, Tin Can Rise Among World’s Most Improved Ports Globally — World Bank Report

June 24, 2026

Latest News

MARAN Inaugurates Onigbinde-Led Executive Council, Seeks Stronger Ethical Standards in Maritime Journalism

MARAN Inaugurates Onigbinde-Led Executive Council, Seeks Stronger Ethical Standards in Maritime Journalism

June 24, 2026

NPA, Police Move to Eliminate Illegal Checkpoints on Apapa, Tin Can Port Corridors

IMO Confirms Death Of 14 Seafarers, Announces Evacuation Plan For 11,000 Stranded   In The Strait Of Hormuz

TTP: Ètò System Drives Apapa, Tin Can Rise Among World’s Most Improved Ports Globally — World Bank Report

Nigerian Navy Hands Over Five Suspected Stowaways to Immigration Service

Local Petrol Production Hits 48m Ltrs Per Day – FG

NSIB, LASWA Partner To Boost Lagos Waterways Transport

NSC Complaints Unit Head, Dr. Bashir Ambi-Mohammed, Bows Out After 26 Years of Service

Customs Official Credits Adeniyi For Volleyball Team’s Success

SEREC Boss Advocates Stability In Customs Leadership Succession Process

Adeniyi’s Tenure Extension Will Further Boost Volleyball Development ….NVBF

Navy Uncovers Fuel Stash, Recovers 63,000ltrs Of Illegal AGO, Vehicle In Rivers

kindly like our Facebook page

Health

Health Benefits And Side Effects Of Bitter Kola
Health

Health Benefits And Side Effects Of Bitter Kola

June 8, 2026

Bitter kola, also known as garcinia kola or bitter kola, is a common plant which can be found across Central...

NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

June 1, 2026
It’s The Season Of Corn

It’s The Season Of Corn

June 1, 2026
Ovarian Cancer: Why Nigerian Women Are Dying In Silence

Ovarian Cancer: Why Nigerian Women Are Dying In Silence

May 18, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

WARNING: No Amount Of Sex, Special Diet Can Prevent Prostate Cancer

May 11, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

May 11, 2026
Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

May 4, 2026
Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

May 4, 2026
Your Stool Determines The State Of Your Health

World Liver Day 2026: Low Awareness Threatens Fight Against Liver Disease – Experts

April 27, 2026
Your Stool Determines The State Of Your Health

Your Stool Determines The State Of Your Health

April 27, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition