jeff juwana
Moderator
THE Comptroller General of the Nigerian Customs, Dikko Inde Abdullahi has said that the capacity building project would help the country achieve a new regime of trade facilitation in a corrupt free environment.
The NCS boss who stated this at the launch of the Nigerian Trade portal said that the use of the portal would help to improve Nigeria’s ranking in the World Bank’s Ease of Doing Business Index.
According to him, the new Portal and the accompanying Process Manual would serve as invaluable guide and reliable reference tools for traders wishing to conduct legitimate and compliant businesses in Nigeria.
He indidcated that the new portal will have features such as Classification Tool, Currency Converter, Tax Simulator, Web link to other Government Agencies, 24/7 Online Accessibility, Availability on Mobile Apps and Interactive and intuitive Features.
Meantime, the Minister of Trade and Investment, Olusegun Aganga, has said that the launch of the information phase of the Nigerian trade hub would facilitate the next phase, which allows for end-to-end transaction in a Single Window Environment.
The Minister said at the launch of the portal that Nigeria’s business environment has often been described as poor, unfriendly, uncompetitive and uncoordinated. He noted that the contribution of customs processes, procedures and port clearing system to this negative image was quite significant.
Aganga said:“However, given the major role that trade plays in the attainment of the Transformation Agenda, the “Nigeria Trade Hub ” project could not have come at a better time. The ‘Nigeria Trade Hub‘ is a veritable vehicle needed to drive our trade cycle to the next level of development.
“It meets the trade facilitation framework for improved business climate as articulated in the blue print of Vision 2020.”
The Minister noted with optimism that the Nigerian Trade Hub will provide the required solution to problems and challenges experienced by the trading community in the past.
The launch of the Trade Hub, according to the Minister was a demonstration of the openness and readiness to make the project a success.
“The manual is rich, educative and provide clear guidance not only on the operations of the Single Window, but more importantly, it serves as a reference material to national and international players trading with Nigeria and those contemplating to do so in the near future” he explained.
For the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, the Nigeria Trade Hub was similarly a useful step towards improving trade facilitation in our economy.
She said:“This initiative will create the right environment to simplify, harmonize and standardize procedures for cross border transactions in Nigeria. As a result it will further reduce delays associated with cross-border trade and enable us attain our goal of 48-hour cargo clearance time at our ports.”
For both importers and exporters, she informed that the Nigeria Trade Hub provides an integrated environment where appropriate services may be obtained.
This system, she added would greatly facilitate commerce across our borders, and reduce costs for businesses operating in Nigeria.
The NCS boss who stated this at the launch of the Nigerian Trade portal said that the use of the portal would help to improve Nigeria’s ranking in the World Bank’s Ease of Doing Business Index.
According to him, the new Portal and the accompanying Process Manual would serve as invaluable guide and reliable reference tools for traders wishing to conduct legitimate and compliant businesses in Nigeria.
He indidcated that the new portal will have features such as Classification Tool, Currency Converter, Tax Simulator, Web link to other Government Agencies, 24/7 Online Accessibility, Availability on Mobile Apps and Interactive and intuitive Features.
Meantime, the Minister of Trade and Investment, Olusegun Aganga, has said that the launch of the information phase of the Nigerian trade hub would facilitate the next phase, which allows for end-to-end transaction in a Single Window Environment.
The Minister said at the launch of the portal that Nigeria’s business environment has often been described as poor, unfriendly, uncompetitive and uncoordinated. He noted that the contribution of customs processes, procedures and port clearing system to this negative image was quite significant.
Aganga said:“However, given the major role that trade plays in the attainment of the Transformation Agenda, the “Nigeria Trade Hub ” project could not have come at a better time. The ‘Nigeria Trade Hub‘ is a veritable vehicle needed to drive our trade cycle to the next level of development.
“It meets the trade facilitation framework for improved business climate as articulated in the blue print of Vision 2020.”
The Minister noted with optimism that the Nigerian Trade Hub will provide the required solution to problems and challenges experienced by the trading community in the past.
The launch of the Trade Hub, according to the Minister was a demonstration of the openness and readiness to make the project a success.
“The manual is rich, educative and provide clear guidance not only on the operations of the Single Window, but more importantly, it serves as a reference material to national and international players trading with Nigeria and those contemplating to do so in the near future” he explained.
For the Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, the Nigeria Trade Hub was similarly a useful step towards improving trade facilitation in our economy.
She said:“This initiative will create the right environment to simplify, harmonize and standardize procedures for cross border transactions in Nigeria. As a result it will further reduce delays associated with cross-border trade and enable us attain our goal of 48-hour cargo clearance time at our ports.”
For both importers and exporters, she informed that the Nigeria Trade Hub provides an integrated environment where appropriate services may be obtained.
This system, she added would greatly facilitate commerce across our borders, and reduce costs for businesses operating in Nigeria.