• News - North Central - FCT
  • Updated: April 17, 2024

Tinubu launches National Single Window to streamline trade

Tinubu launches National Single Window to streamline trade

Nigerian President Bola Tinubu took a major step towards modernizing the nation's trade sector on Tuesday, unveiling the National Single Window initiative at a ceremony in Abuja.

The president hailed the project as a game-changer, promising it will significantly reduce red tape for imports and exports, boost government revenue, and propel economic growth.

The National Single Window initiative marks a significant milestone in President Tinubu's commitment to overcoming longstanding developmental barriers and fostering progress, prosperity, and well-being for all Nigerians. With the Office of the President spearheading the steering committee, the initiative is poised to reshape the way trade is conducted across the country.

This pronouncement was contained in a statement issued by the Presidential Spokesman, Ajuri Ngelale, in Abuja.

President Tinubu underscored the transformative potential of the initiative, stating that by digitizing and simplifying government trade compliance, Nigeria will unlock economic prosperity on an unprecedented scale. The National Single Window will seamlessly link ports, government agencies, and key stakeholders, paving the way for a more efficient and transparent trade ecosystem.

Highlighting the economic benefits, President Tinubu projected an annual economic gain of approximately $2.7 billion through paperless trade alone. Drawing inspiration from successful implementations in countries like Singapore, South Korea, Kenya, and Saudi Arabia, the President emphasized Nigeria's readiness to join the league of nations reaping the rewards of streamlined trade processes.

"Moreover, the National Single Window is not just about Nigeria. By linking our system with those of other African nations, we will expedite cargo movement and optimize intra-Africa trade. This initiative is a testament to our commitment to regional integration and our belief in the power of collaboration.

"I call upon every Nigerian to embrace this initiative with open arms. Let us work together, as one nation, to make the National Single Window a resounding success. Let us show the world that Nigeria is ready to take its rightful place as a leader in global trade.

"Together, we will build a Nigeria that is stronger, more prosperous, and more united than ever before. The National Single Window is our gateway to that future, and I am honoured to lead us on this transformative journey," the President concluded.

The success of the National Single Window initiative hinges on the collective commitment of government agencies, stakeholders, and the Nigerian populace. It represents a pivotal moment in Nigeria's quest for economic prosperity, efficiency, and global competitiveness.

As Nigeria embarks on this transformative journey, guided by President Tinubu's vision, the National Single Window initiative stands as a beacon of hope, signaling a future of boundless opportunities and shared prosperity for all Nigerians.

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