Government, Private Sector Collaborate on National Single Window Project for Economic Transformation -
  • Latest
  • Trending
  • All
Government, Private Sector Collaborate on National Single Window Project for Economic Transformation

Government, Private Sector Collaborate on National Single Window Project for Economic Transformation

January 29, 2025
2027: ‘I’m Not Desperate, But It’s Senate or Nothing – Kolapo Kola-Daisi

2027: ‘I’m Not Desperate, But It’s Senate or Nothing – Kolapo Kola-Daisi

May 2, 2026
FIRS Not Distracted by Critics, Will Deliver on Tax Relief – Group Backs Zaach Adelabu

Zacch Adelabu Adedeji: A Political Protagonist Acting Behind the Scene

May 2, 2026
Omo Iya Kunmi’s 6th Awards Set For May 31, To Honour 49 Trailblazers

Omo Iya Kunmi’s 6th Awards Set For May 31, To Honour 49 Trailblazers

May 2, 2026
Akinyele’s Turn or APC’s Risk? Rotation, Reality and Representation in Lagelu/Akinyele Federal Constituency

Tegbe’s Appointment May Cost APC 2027 Election in Oyo – Aggrieved Members Warn

May 2, 2026
2027: Why I Visited Gbolarumi – Amofin Beulah Adeoye

Oyo 2027: Beulah Adeoye Makes Bold Move, Picks PDP Nomination Form

May 2, 2026
Oyo Reps’ Member, DoN, Appoints Secretary, 3 SSAs, 45 SAs, Inaugurates Team

Oyekunle Praises Nigerian Workers, Lauds Makinde’s Worker-Friendly Policies

May 1, 2026
Shina Peller: A Nigerian Politician to Watch out for in 2027 By Muiz Olasubomi

Peller At 50: Ayedero To Empower 50 Entrepreneurs With N50m Grant Across Nigeria

May 1, 2026
2027: Oyo APC Leaders Endorse Senator Alli as Consensus Governorship Candidate

2027: Oyo APC Leaders Endorse Senator Alli as Consensus Governorship Candidate

May 1, 2026
Akinyele’s Turn or APC’s Risk? Rotation, Reality and Representation in Lagelu/Akinyele Federal Constituency

Oyo APC Chieftains Fault Tegbe’s Nomination, Say He Worked Against Tinubu

May 1, 2026
How The ADC Wave Is Rewriting Tinubu’s Home Base By Abimbola Oyarinu, PhD.

Ilaka Congratulates ADC Leadership, Oyo Exco After Supreme Court Affirmation

April 30, 2026
Communities Thank Reps’ Member, Folajimi ‘Don’, Over Reconstruction Of Bridge 

Communities Thank Reps’ Member, Folajimi ‘Don’, Over Reconstruction Of Bridge 

April 30, 2026
Oyo Govt Warns Against Unauthorised Conferment of Traders’ Titles 

Oyo Govt Warns Against Unauthorised Conferment of Traders’ Titles 

April 30, 2026
">
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Saturday, May 2, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
No Result
View All Result
No Result
View All Result

Government, Private Sector Collaborate on National Single Window Project for Economic Transformation

... It Will Help Realisation Of $1 trillion Economy By 2031, Says FIRS chairman

by Ayo Mukhail
January 29, 2025
in General News
0
Government, Private Sector Collaborate on National Single Window Project for Economic Transformation

There can be no better time than now for the take-off of the National Single Window initiative aimed at eliminating bureaucratic delays in export and import processes to boost trade efficiency and enhance economic growth.

This was the consensus of stakeholders and industry experts at the opening of a three-day workshop on the presidential initiative called the National Single Window project launched by President Bola Tinubu in April, 2024.

RelatedPosts

Omo Iya Kunmi’s 6th Awards Set For May 31, To Honour 49 Trailblazers

Oyo Govt Warns Against Unauthorised Conferment of Traders’ Titles 

Saki Beere Festival To Hold May 10 – 18 As Organizers Seek FG, Oyo Govt Support

ADVERTISEMENT

The stakeholders, including the Minister of State for Finance, Dr Doris Uzoka-Anite, Minister of Marine and Blue Economy, Mr Gboyega Oyetola, Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; chairman, Federal Inland Revenue Service, Dr Zacch Adedeji, Managing Director, Nigerian Port Authority (NPA), Dr Abubakar Dantsoho and others are optimistic about the potentiality of the project fast-tracking the realisation of $1 trillion economy.

Speaking at the National Single Window forum at Marriott Hotel, Ikeja, Lagos on Tuesday, Oyetola said the initiative would significantly reduce the cost of doing business in the country and eliminate sharp practices in trade processes.

“As highlighted by the World Bank, the cost of doing business at Nigerian ports can be up to 40 percent higher than in other West African countries due to delays and administrative bottlenecks, leading to an estimated annual revenue loss of ₦2.5 trillion within the business community.

ADVERTISEMENT

“However, the implementation of the Single Window System can enhance efficiency, potentially reducing these costs by at least 25 percent. By streamlining operations, improving transparency, and minimizing delays, the system not only drives cost savings but also strengthens overall trade facilitation.

“The cumulative impact across all areas—including reduced costs, enhanced efficiency, and greater transparency—ultimately contributes to the overall ease of doing business.

“We are advancing multimodal connectivity by improving road, rail, and inland waterway links to and from the ports. These improvements aim to reduce transportation costs, enhance logistics, and boost trade.

“For example, the Ministry in collaboration with the Lagos State Government, cleared the age-long Apapa – Tincan – Mile 2 traffic for landside operations and provided tugboats, mooring boats, pilot cutters, bollards, and fenders across all port locations for effective seaside operations.

“We maximised crane productivity and ensured a reduced transit time for vessels and trucks. These led to a reduction in both the vessel and truck turn-around times. The vessel turn-around-time went down from an average of seven days to an average of five days, while truck turn-around-time went from an average of 10 days to a few hours. But we are not resting on our oars, as our ultimate goal is to make Nigeria the hub of maritime in West Africa,” the Minister said.

In her own address, the Minister of Industry, Trade and Investment, Dr Oduwole, stressed that the establishment of a National Single Window system for trade is not merely a policy objective but “a transformative reform that will fundamentally redefine the way trade is conducted across our borders.”

“Our single window project will provide a centralized digital platform for traders to submit, process, and access trade-related documentation- eliminating corruption through improved transparency, reducing administrative burdens, and significantly enhancing the ease of doing business in Nigeria.

“Many of you will recall that in my previous capacities in the Presidency, I have been part and parcel of the NSW project since 2016. The time for delivery is now!

“Under President Tinubu’s eight-point agenda, economic growth and job creation are key priorities. The NSW will play a significant role in achieving these goals,” she said.

Also speaking, Minister of State for Finance, Dr Uzoka-Anite, stressed that the initiative would not only enhance ease of doing business in the country but also attract foreign direct investment.

“In Indonesia their NSW programme was launched in 2007 to simplify trade, and since then they have achieved significant reduced clearance time. The average time for cargo clearance at ports dropped from seven days to just three days, traders saved millions of dollars annually through reduced administrative costs and delays.

“In 2014 Vietnam introduced its NSW as a part of broader trade facilitation reforms. The programme enhanced trade efficiency by streamlining interaction with over 20 government agencies, reducing paperwork, and manual processes.

“This in turn led to improved compliance and led to increased customs revenue. This ease of trading facilitated by their NSW helped Vietnam increase exports, particularly in manufacturing and agriculture. Such a similar impact would be significant for Nigeria as we continue to build our foreign reserves and strengthen the Naira.

“Here in Africa Rwanda established its NSW in 2012 to promote regional and international trade which has since resulted in speedier border crossing times which decreased by 50 percent thus boosting the movement of goods in Rwanda.

“The NSW reforms contributed to Rwanda becoming one of the fastest-growing economies in Africa and improved Rwanda’s trade within the East African Community (EAC),” the Minister said.

According to the FIRS chairman, Zacch Adedeji, the project would contribute hugely to the realization of a $1 trillion economy by 2031 as envisioned by President Tinubu.

“The National Single Window project represents a pivotal stride in Nigeria’s journey towards economic transformation. For too long, Nigeria’s trade facilitation processes have been hampered by a complex web of bureaucratic hurdles, characterized by cumbersome and inefficient procedures, leading to significant delays at the ports, increased costs of doing business, and a substantial erosion of Nigeria’s competitiveness in the global marketplace.

“This has resulted in substantial revenue losses to the country, reduction in foreign direct investments, and hindered the full realization of our nation’s economic potential.

“I believe by establishing an integrated platform that seamlessly connects all the critical actors- seaports, airports, free trade zones, government agencies, financial institutions, and the private sector – we are set to revolutionise the way we conduct international trade.”

“Now is the moment for Nigeria to establish itself as a leading trade hub on the African continent by implementing a robust and efficient National Single Window system,” Adedeji said.

Comptroller General of the Nigeria Custom Service, Bashir Adeniyi, who was represented, said the concept was not new to Nigeria as similar efforts had been made in the past, suggesting ways to overcome the challenged that stunted similar efforts in the past.

“Over the years, we have witnessed various efforts aimed at integrating government agencies, streamlining processes, and fostering efficiency in trade facilitation.

“However, these attempts have been fraught with challenges, ranging from fragmented technological systems and institutional silos to misaligned stakeholder expectations and inadequate physical a n d technological infrastructure.

“While these obstacles have slowed our progress, they have also provided invaluable lessons that shape the roadmap for future s u c c e s s.

“To succeed, we must embrace a singular purpose backed by unwavering governmental resolve, ensuring that the Single Window is not perceived as the sole

mandate but as a national strategy supported by all stakeholders, including the private sector, financial institutions, and regulatory agencies.

“The centrality of Customs in this ecosystem is undeniable, but success requires a symbiotic relationship where each stakeholder plays its part with precision and commitment,” he said.

Managing Director of NPA, Dr Dantsoho, emphasised the need for all stakeholders to work in unity to achieve the goal of the project.

He referenced the one stop shop initiative as demonstrating the possibility for government agencies to collaborate and work in harmony with zero tolerance for delays in service delivery and timely interventions without bottle necks.

Speaking earlier, the Head of NSW Secretariat, Mr. Tola Fakolade, said the project will simplify the ways things are being done, adding that NSW was first implemented in Singapore and also used in Djibouti, Kenya and others and where it recorded successes.

Fakolade said the first phase of the project would start this year with training and testing, saying his office expects cooperation from all stakeholders.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • Share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading...
Previous Post

Oyo Advisory Council Condoles Makinde over Brother’s Demise

Next Post

OYRTMA Clears Air on Allegations, Reiterates Commitment to Traffic Management

Ayo Mukhail

Ayo Mukhail

Related Posts

Omo Iya Kunmi’s 6th Awards Set For May 31, To Honour 49 Trailblazers

Omo Iya Kunmi’s 6th Awards Set For May 31, To Honour 49 Trailblazers

by Deji Moore
May 2, 2026
0

A leading Oyo-born influencer and philanthropist, Alhaji Akinkinmi Saheed Siyanbola, popularly known as Omo Iya Kunmi, has announced the 6th...

Oyo Govt Warns Against Unauthorised Conferment of Traders’ Titles 

Oyo Govt Warns Against Unauthorised Conferment of Traders’ Titles 

by Adebola Sanmi
April 30, 2026
0

The Oyo State Commissioner for Trade, Commerce and Industry, Hon. Adeniyi Adebisi, has cautioned traders and artisans in the state...

Saki Beere Festival To Hold May 10 – 18 As Organizers Seek FG, Oyo Govt Support

Saki Beere Festival To Hold May 10 – 18 As Organizers Seek FG, Oyo Govt Support

by Olayi Abide
April 28, 2026
0

The Planning Committee for the 2026 Saki Beere Festival has called on the Federal Government of Nigeria and the Oyo...

Veterinarians Seek Stronger Food Safety Measures at World Veterinary Day Celebration in Ibadan

Veterinarians Seek Stronger Food Safety Measures at World Veterinary Day Celebration in Ibadan

by Ayo Mukhail
April 26, 2026
0

Veterinary professionals in Oyo State have called for strengthened food safety systems and improved public health standards as they celebrated...

Next Post
OYRTMA Clears Air on Allegations, Reiterates Commitment to Traffic Management

OYRTMA Clears Air on Allegations, Reiterates Commitment to Traffic Management

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview

Copyright © 2025 Inside Media

%d