The Federal Government of Nigeria has launched the National Single Window (NSW) Project to strengthen the country’s trade and economic growth. The initiative, introduced by Mr. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, aims to streamline trade processes, reduce delays, and increase transparency.
According to a statement from the Ministry of Finance, signed by Director of Information and Public Relations Mohammed Manga, the NSW project, led by the Federal Inland Revenue Service (FIRS) and the Nigerian Sovereign Investment Authority (NSIA), will establish a centralized platform for traders to handle import and export procedures. This system is designed to cut down the time and costs associated with trade transactions.
Edun emphasized the project’s significance during the kickoff workshop in Abuja. “This initiative is a crucial step towards enhancing our trade facilitation processes and boosting Nigeria’s competitiveness in the global market,” he said.
The project secretariat, located within the FIRS, will coordinate and oversee the initiative. Key stakeholders from government agencies, including the Nigerian Ports Authority, Nigerian Customs Service, Nigerian Civil Aviation Authority, and National Agency for Food and Drug Administration and Control, are involved in the workshop to ensure effective implementation.
Manga noted that the NSW project aligns with President Bola Ahmed Tinubu’s broader economic reform agenda. By simplifying trade procedures and reducing bureaucratic obstacles, the government aims to foster a more favorable business environment and attract foreign investment.
The three-day workshop will conclude with an action plan detailing the project’s next steps and timelines for full implementation. As the NSW project progresses, Nigeria anticipates improved trade efficiency, greater transparency, and a more business-friendly environment, paving the way for sustainable economic growth.
