Nigeria Joins Global Effort to Enhance Trade Facilitation with Launch of Time Release Study

The Nigeria Customs Service (NCS) has taken a significant step towards enhancing trade facilitation and cargo clearance by launching the Time Release Study (TRS) in collaboration with the World Trade Organization (WTO). This initiative aligns Nigeria with European countries, the United States, and Asian nations, showcasing its commitment to improving efficiency in port operations.

The TRS methodology, developed by the World Customs Organization (WCO), provides a systematic approach to measuring the total duration of time from goods’ arrival at the customs border to their release. By adopting this methodology, Nigeria aims to streamline customs procedures and create an enabling environment for businesses, thus fostering economic cooperation.

During the official launch of the TRS pilot scheme at the Tin Can Island command of Customs in Lagos, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, emphasized Nigeria’s need to embrace global initiatives for development. He underscored the significance of TRS in enhancing trade facilitation, citing its adoption by numerous countries across continents.

Echoing Edun’s sentiments, the Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, urged Customs to prioritize trade facilitation efforts, emphasizing its potential to boost trade volume and revenue generation without increasing levies.

In his address, the Comptroller General of Customs, Bashir Adewale Adeniyi, highlighted the importance of international best practices in promoting trade growth. He emphasized that TRS would provide valuable insights into customs operational efficiency, contributing to national development goals. Adeniyi also acknowledged past challenges in conducting TRS exercises but expressed confidence in the current initiative, emphasizing collaboration and transparency among stakeholders.

In addition to TRS, Adeniyi outlined other initiatives by the NCS to enhance trade facilitation, including the Authorised Economic Operator (AEO) program, Advanced Ruling, and the establishment of a Customs Laboratory. These measures underscore Nigeria’s commitment to modernizing customs operations and optimizing trade efficiency.

The launch of TRS represents a significant milestone in Nigeria’s journey towards economic growth and development. With a renewed focus on collaboration, innovation, and strategic measures, Nigeria is poised to enhance trade facilitation and promote transparent trade practices for the benefit of all stakeholders.


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