The Federal Government has vowed to block revenue leakages, strengthen regulatory compliance and eliminate unnecessary protocols in Nigeria\u2019s export sector through the second phase of the National Single Window project.\n<\/p>\n
The project is scheduled to go live on December 14, 2026.\n<\/p>\n
The Director of the National Single Window Project, Tola Fakolade, stated this on Thursday during the Phase Two National Single Window Sensitisation Programme held in Port Harcourt, Rivers State.\n<\/p>\n
According to Fakolade, the platform would simplify export documentation and permit processing by providing a single digital point through which exporters could submit documents and obtain approvals from relevant regulatory agencies.<\/p>\n
He explained that the first phase of the project, which focused on the submission of licences and permits, had recorded significant successes, particularly in enforcing compliance and preventing revenue leakages.\n<\/p>\n
Fakolade noted that feedback from participating agencies showed that the platform\u2019s compliance mechanisms had helped ensure that users adhered to regulatory requirements.\n<\/p>\n
\u201cI will use a very good example of the first phase that we implemented. One of the testimonials we got from some of the agencies from the first phase is that because of the enforcement compliance on the platform it actually forces users to be compliant.<\/p>\n
\u201cWhen there is compliance, then there is a blockade of revenue leakages. So we\u2019ve got feedback that it actually helped them to ensure that people comply.<\/p>\n
\u201cSo we believe that building on the success that we have in the first phase in this second phase that is based on export we believe that we can build on that and achieve our objectives as laid out,\u201d he stated.\n<\/p>\n
Fakolade expressed confidence that the achievements recorded in the first phase would provide a solid foundation for the export component, which he said was designed to improve efficiency and transparency in international trade.\n<\/p>\n
He disclosed that the second phase would be implemented in two batches, with the first scheduled to commence on December 14. <\/p>\n
He added that the first batch would cover the issuance of export permits by regulatory and other agencies responsible for inspecting products and issuing permits before export.\n<\/p>\n
Fakolade noted that the second batch would cover the Central Bank of Nigeria\u2019s processes and was expected to go live in the first quarter of 2027.\n<\/p>\n
On the benefits of the platform, Fakolade said exporters would no longer need to visit different government agencies or submit the same documents through multiple independent systems.<\/p>\n
He stated, \u201cInstead of going to all the different programmes, you come to one platform and you submit your certificate on one system.\u201d\n<\/p>\n
The NSW director disclosed that the project team had concluded its User Acceptance Testing and would commence end-user training on November 16. He urged exporters and other stakeholders to register and participate ahead of the December launch.\n<\/p>\n
In his keynote address, an official of the Nigerian Export Promotion Council, Ndubueze Okeke, called on the Federal Government to accelerate economic diversification by strengthening non-oil exports, warning that the country could not achieve sustainable economic growth by relying overwhelmingly on crude oil revenue.\n<\/p>\n
Nigeria, Okeke said, must begin to build an economy supported by multiple sectors, including agriculture, manufacturing, tourism, education, healthcare, financial services and other areas with significant export potential.\n<\/p>\n
He described the export component of the National Single Window as a strategic initiative capable of repositioning the economy, improving trade efficiency and strengthening Nigeria\u2019s competitiveness in the global marketplace.\n<\/p>\n
While challenging Nigerians to look beyond oil, Okeke asked, \u201cHow many of us would want Nigeria\u2019s oil to be exhausted in the next five years?\u201d\n<\/p>\n
He said the question was intended to encourage stakeholders to consider the country\u2019s economic future beyond crude oil, stressing that Nigeria\u2019s human resources, agricultural potential, industries and entrepreneurial capacity could sustain long-term prosperity.<\/p>\n
Using the United Arab Emirates as an example, Okeke said the country had successfully diversified its economy by developing sectors such as tourism, trade, finance, education and healthcare.\n <\/p>\n
Source: <\/p>\n
The Federal Government has vowed to block revenue leakages, strengthen regulatory compliance and eliminate unnecessary protocols in Nigeria\u2019s export sector through the second phase of the National Single Window project.… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-16373","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=16373"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/16373\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=16373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=16373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=16373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}