The Minister of Marine and Blue Economy, Gboyega Oyetola, says the implementation of the National Single Window (NSW) in Nigeria will improve port efficiency and revenue collection as well as drive economic transformation.
Oyetola said this at the Stakeholders’ Forum on the Establishment of the NSW in Lagos on Tuesday, January 28, 2025.
The NSW project was launched in April 2024 by President Bola Tinubu as a pioneering cross-government system designed to streamline trade facilitation by integrating and syncing data from various government agencies to improve economic efficiency.
Speaking at the event, Oyetola stated that the implementation of the NSW project will further enhance trade facilitation in the country.
The minister said: “The implementation of the Single Window System can enhance efficiency, potentially reducing these costs by at least 25%.
“By streamlining operations, improving transparency, and minimising 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.”
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Oyetola noted that countries like Singapore and the Netherlands have demonstrated how single window systems can revolutionise port operations, thus elevating their status as global trade hubs.
Stating that Nigeria can achieve similar success by fully embracing this initiative, the minister added: “This initiative will undoubtedly raise awareness and enlighten participants on the benefits of NSW as the Government works to improve trade efficiency for the collective economic prosperity of all Nigerians.
“Today (Tuesday), we convene as partners in progress to explore how the implementation of the National Single Window system can streamline trade facilitation and catalyse the growth of our blue economy.”
He also highlighted the immense potential of the marine and blue economy sectors to contribute significantly to the country’s GDP, create thousands of jobs, and drive regional and global trade.
Oyetola stated: “Despite this potential, the marine and blue economy faces challenges, including inefficiencies in port operations, bureaucratic obstacles, and insufficient coordination among stakeholders, which have impeded its growth.
“Addressing these challenges requires an efficient, integrated, and secure logistics ecosystem – a goal that the National Single Window system is poised to enable.”
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