Home Maritime Customs Unveils New Trade Facilitation Platform

Customs Unveils New Trade Facilitation Platform

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The Nigeria Customs Service (NCS), on Thursday, launched a Time Release Study (TRS) aimed at driving effective cargo clearance and trade facilitation.

The TRS methodology, developed by the World Customs Organization (WCO), offers a systematic approach to measuring the total duration from goods’ arrival at the Customs border to their release.

Wale Edun, Minister of Finance and Coordinating Minister of the Economy, said at the official launch of the pilot scheme, at the Tin-Can Island Command of Customs that Nigeria had to key into the initiative to avoid being left behind.

Edun, who was represented by Lydia Jafiya, permanent secretary of the Ministry, said the platform redefines the best approaches to creating an enabling environment for businesses and providing excellent services for economic cooperation.

“The TRS is a WCO tool used internationally for harmonising the various processes and procedures involved in Customs clearance. A conducive port environment is crucial for the facilitation of international trade. Efficient Customs processes are paramount for achieving cost-effective goods clearance and assuring efficiency in the system,” he explained.

He said the new platform will create a business environment that is friendly. He encouraged all the stakeholders in the port to rally around the Customs to ensure the success of the TRS.

On her part, Doris Uzoka-Anite, minister of Industry, Trade, and Investment, urged Customs to double its efforts on trade facilitation.

Uzoma-Anite said focusing on trade facilitation would also lead to revenue generation for Nigeria.

She said Customs is the only agency in Nigeria saddled with three critical functions including security, revenue generation, and trade facilitation.

Earlier in his welcome remark, Adewale Adeniyi, comptroller general of Customs, said that adopting international best practices will promote trade growth in the country.

Adeniyi said that TRS would provide comprehensive insights into Customs operational efficiency, thus contributing to national development goals.

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