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$2.7 billion : Boosting Revenue Generation, My Govt is targeting 24-hour port clearance, Says Tinubu
The Federal Government targets a 24-hour clearance of goods at the ports to enhance trade and ease of doing business.
To achieve this, activities of all the agencies operating at the ports have been consolidated into a single window.
Yesterday, the President inaugurated a committee on the implementation of the National Single Window Project (NSWP).
The project, an electronic platform, is designed to simplify imports and exports at the nation’s ports by eliminating all hiccups in goods clearing and exportation.
All agencies and stakeholders involved in import and export processes are integrated into the NSWP for seamless trade operations.
One of the primary goals of the project domiciled at the Federal Inland Revenue Service (FIRS) is to ensure that goods were cleared within 24 hours electronically.
It is also aimed at eliminating trade barriers, boosting revenue generation and improving Nigeria’s ranking in the World Bank’s Ease of Doing Business Index.
The steering committee has co-chairmen: Tola Fakolade , head of the project secretariat and Zach Adedeji, FIRS chairman. It has representatives from Central Bank of Nigeria(CBN), Nigeria Customs Service (NCS), Nigeria Ports Authority (NPA), Federal Airports Authority of Nigeria (FAAN), National Agency for Food and Drug Administration and Control (NAFDAC) , Nigerian Maritime Administration and Safety Agency(NIMASA), Standard Organisation of Nigeria(SON), exporters, importers, shipping lines and clearing agents as members. Federal ministries of Finance, Marine and Blue Economy, Transportation, Trade and Investment; Nigeria Sovereign Investment Authority (NSIA) and Presidential Enabling Business Environment Council (PEBEC) also have representatives in the committee.
Tinubu told the members that his administration hopes that the implementation of the initiative would bring an annual economic benefit of around $2.7 billion to the country.
“This transformative project,” said the President is not only “a bold statement” to his administration’s commitment to the prosperity of the nation but one that will to propel “our economy to new heights.”
Noting that the country has immense potential , the President lamented, however, that “for far too long, our economic growth has been hindered by the complexities and inefficiencies in our trade processes.”
“Today, we say that there should be no more, ” he said, describing the NSWP as game changer that would revolutionise the way trade is conducted in the country.
He said: “By simplifying government trade compliance through a digital platform, we will unlock the doors to economic prosperity and all other opportunities .
“This initiative will link our ports, government agencies, and key stakeholders, creating a seamless and efficient system that will facilitate trade like never before. “Imagine a Nigeria where businesses can save time and resources, where small enterprises can reach global markets, and where the informal e-commerce sector is brought into the fold, increasing our tax base. This is the Nigeria we are building with the National Single Window Project.
“The benefits of this initiative are immense. The paperless trade alone is estimated to bring an annual economic benefit of around $2.7 billion .
“Countries like Singapore, Korea, Kenya, and Saudi Arabia have already seen significant improvements in trade efficiency after implementing single-window systems.
“It is time for Nigeria to join their ranks and reap the rewards of a streamlined and decentralised trade process.
“We cannot afford to lose an estimated 4 billion dollars annually to red tape, bureaucracy, delays, and corruption at our ports.
“The National Single Window Project will address these issues headlong, preventing revenue leakage and facilitating effective trade. By doing so, we will create a more transparent, secure, and business-friendly environment that will attract investment and spur economic growth.
“The implementation of the National Single Window Project will not be an overnight process, I know. It requires dedication, collaboration, and a phased approach. But I assure you, my fellow brothers and sisters, that we are fully committed to seeing this project through.
“We will work tirelessly to ensure its success by engaging all partner agencies and stakeholders to create a system that works for every one of us.
“Moreover, the National Single Window Project is not just about Nigeria; by linking our system with those of other African nations, we will expedite cargo movement and optimise inter-Africa trade.
“This initiative is a testament to our commitment to regional integration and our belief in the power of collaboration.”
Tinubu pointed out that the inauguration of the steering committee marked the beginning of “an era of unyielding commitment to prosperity, efficiency, and endless possibilities.”
“The national single window is not just a project; it is a symbol of our determination to build a better future for ourselves and generations to come,” he added.
The President called on Nigerians to embrace the initiative with open arms, adding: “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 one of the leaders 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.”
To the committee members, he said: “Dismantle all block webs along your way. I will be ready to listen to conversations, your discoveries and any problem-solving areas that will make the single window a big success.
“You are building a legacy and a country that is yours, mine, and that of future generations will benefit from.
“You have this great opportunity. It’s a bold endeavour that will etch your names in gold.”
FIRS Chairman Adedeji commended President Tinubu for spearheading the initiative.
He added that the implementation of the project would address revenue leakage, enhance trade efficiency, and boost economic growth.
Adedeji said: “The heavy costs, delays, and inefficiencies at our ports has been a constant burden. It is estimated that a staggering $4m annually is lost due to these inefficiencies.”
NPA Managing Director Bello Koko explained that the initiative would drastically reduce the amount of paperwork involved in transactions for import and export as information would be shared through a unified platform among the relevant government agencies.
He said: “For clearance, the target is actually 24 hours. Of course, we know what is obtainable in neighbouring countries; it’s 48 to 72hours, but our target is 24 hours.
“As for the number of forms, importers/ exporters fill out 20, 30 or 40 printed forms but now, digitally, they fill out a form that has 2, 3, or 4 pages.”
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REA Targets 3.7GW Solar Manufacturing to Bridge Nigeria’s Power Deficit
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The Rural Electrification Agency (REA) has unveiled plans to establish 3.7 gigawatts (GW) of local solar photovoltaic (PV) panel manufacturing capacity by the end of 2027 as Nigeria intensifies efforts to expand electricity access and reduce dependence on imported renewable energy equipment.
Managing Director of the agency, Engr. Abba Aliyu, disclosed the initiative in Abuja during a benchmarking visit by officials of the Zanzibar Utilities Regulatory Authority (ZURA).
He said the agency is encouraging Chinese solar manufacturers to establish production facilities in Nigeria, noting that locally assembled solar panels are already being exported from Lagos to neighbouring Ghana.
According to him, the planned manufacturing expansion will significantly reduce imports while strengthening Nigeria’s renewable energy value chain. Aliyu attributed the rapid global growth of renewable energy to falling prices of solar panels and lithium batteries, saying technological innovation has made off-grid electricity the most cost-effective solution for millions of underserved communities.
He said Nigeria’s electricity access rate currently stands at 61.2 per cent, leaving about 80 million people without reliable power supply.
To address the challenge, REA has adopted a least-cost electrification strategy that determines the most suitable technology for each community rather than relying solely on national grid expansion.
The agency has mapped more than 700,000 communities nationwide, with plans to serve about 45 per cent through solar home systems, 31 per cent through mini-grids and the remaining 24 per cent through grid extension.
Aliyu added that REA has developed one of Africa’s most extensive geospatial electricity databases, covering more than 51,000 health facilities, 11,000 markets, thousands of schools, factories, dams, electricity feeders and existing mini-grids to support investment planning.
He noted that the agency’s interventions also target underserved communities receiving less than six hours of electricity daily. The REA boss warned that electricity demand would continue to rise sharply as Nigeria’s population grows, more sectors become electrified and emerging technologies such as artificial intelligence and data centres consume increasing amounts of power.
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Budget Office Explains PFIPC Allocation, Says Agency Emerged During Buhari Administration
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•Explains how PFIPC was allocated money in the budget.
The Budget Office of the Federation (BOF) yesterday explained that the Presidential Foreign Intervention Promotion Council (PFIPC), which the presidency declared as fake and is currently being investigated by the Independent Corrupt Practices Commission, ICPC, had its origin in the last administration of late President Muhammadu Buhari.
The Director-General of the Budget Office, Mr. Tanimu Yakubu who provided the explanation in a statement, after appearing before members of the House of Representatives, in Abuja said the PFIPC’s institutional origin was premised on the Presidential Economic Advisory Council inaugurated by President Muhammadu Buhari on October 9, 2019. He also explained how the fake agency was allocated money in the 2026 budget.
His words, “PEAC/PFIPC did not enter the 2026 Budget merely because it asked for funds. The Council had its origin in the Presidential Economic Advisory Council inaugurated during the administration of the late President Muhammadu Buhari on October 9, 2019. By the time preparation of the 2026 Budget began, official instruments had already been issued by the institutions charged with those functions.
“The Office of the Accountant-General of the Federation had assigned an administrative code to the PFIPC. The Office of the Head of the Civil Service of the Federation had approved an authorised establishment and a recruitment waiver. The applicable public-service salary structure also existed. These instruments did not come from the Budget Office. They came to it.
“The Budget Office did not create the Council. It did not assign its code. It did not approve its establishment. It did not grant its recruitment waiver. It received official instruments and did what the law required of it: it measured their fiscal effect.”
Mr. Tanimu further explained that the Council submitted a personnel estimate of N3.850 billion for the 2026 Fiscal Year and that his Office had to reduce that figure to N802.978 million, using the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology
According to the D-G, “Council later submitted a personnel estimate of N3,850,935,000.00. That estimate did not form the basis of the Budget Office’s recommendation. The Budget Office disregarded it and made an independent calculation using only the authorised establishment, the approved recruitment waiver, the applicable public-service salary structure and the extant costing methodology.
“That calculation produced N802,978,783.00. This was not a concession to the Council. It was the Budget Office’s own fiscal judgment. It was the amount placed in the Executive Budget proposal and later appropriated.
Mr Yakubu said that the Council could not receive the approved funds for personnel because its promoter, Prince Adeyemi Adeniyi could not secure Financial Clearance, an instrument that confirms that necessary fiscal and regulatory had been met.
He said, “Financial Clearance is the point at which a personnel provision may begin to acquire legal force as expenditure. It is not a routine letter. It is the confirmation that the fiscal and regulatory conditions for recruitment have been met. Until it is issued, the figure remains in the budget. It does not create staff. It does not open payroll. It does not produce salary. The Budget Office did not issue Financial Clearance for PEAC/PFIPC because the conditions were incomplete.
“The 2026 Appropriation Bill did not become law until Presidential Assent on 31 March 2026. Before that date, the Budget Office could cost the proposal. It could not grant final Financial Clearance against a bill that had not yet become law.
“After assent, a further condition remained outstanding. The National Salaries, Incomes and Wages Commission had not confirmed that the proposed staffing and remuneration arrangements complied with its prescribed template and the approved public-service compensation framework.
“The Budget Office could calculate the cost. It could not open the gate. There was therefore no Financial Clearance. There was no lawful recruitment. There was no payroll enrollment. There was no salary payment.”
The D-G added, “The personnel provision was N802,978,783.00. It represented 61.63 per cent of the total appropriation of N1,302,978,783.00. It has sometimes been described as though the Council could have received the whole amount and spent it at will. That description is false.
“Personnel appropriations are not paid to agencies as lump sums. After every legal condition has been met, salaries are paid month by month. The money moves electronically into the designated bank accounts of verified employees enrolled on the Federal Government payroll.
“The institution does not receive the annual personnel provision as cash under its control. Even in a lawful process, the Council would not have received N802,978,783.00 in one payment. The money would have gone over twelve months to individual employees. That process never began. No Financial Clearance was issued. No recruitment took place. No payroll record was created. No salary became due. Not one kobo of the personnel provision could lawfully have been drawn. Not one kobo was drawn. There is no personnel expenditure to recover because there was no personnel expenditure.”
The PFIPC controversy became public on June 11, 2026, when the Chief of Staff to the president, Mr Femi Gbajabiamila, declared the Council as fake and petitioned the law enforcement agencies.
However, at a press conference on June 26, the Director General of the PFIPC, Prince Adeniyi Adeyemi faulted the presidency’s disclaimer. He alleged that Gbajabiamila received N400 million through a proxy and demanded an additional N200 million to secure his appointment — an allegation which the Chief of Staff denied and has sued him to court claiming N15b as damages for defamation. Adeyemi is currently in custody after he was arrested by the police in connection with the PFIPC scandal and alleged forgery.
Before his arrest, Adeyemi claimed he personally approached officials of the budget office to seek the inclusion of the Council in the federal government’s budget.
Recently, Central Bank of Nigeria (CBN) confirmed that it opened two domiciliary accounts linked to the PFIPC on the directive of the Office of the Accountant-General of the Federation (OAGF).
The apex bank, however, said the accounts, one denominated in United States dollars and the other in British pounds sterling, were never funded or operated.
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BREAKING: Trump Applauds Tinubu’s Fight Against Terrorism, Pledges Continued US Backing
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United States President Donald Trump has commended President Bola Tinubu for what he described as his decisive leadership in tackling terrorism and insecurity in Nigeria, particularly attacks targeting Christian communities.
Trump conveyed the praise in a letter dated July 6, 2026, the contents of which were made public on Wednesday in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.
In the letter, titled “President Trump lauds President Tinubu’s decisive leadership against terrorists,” the US President applauded Tinubu’s efforts to confront security challenges and reaffirmed Washington’s commitment to supporting Nigeria’s counter-terrorism operations.
“Thank you for your thoughtful letter. Your kind words mean a great deal to me, and I appreciate your decisive leadership on behalf of the Nigerian people.
“I applaud your resolve to tackle the issues plaguing your nation, especially the violence affecting Christian communities, and it is a true honour to stand with you in the fight against terrorists and to make the Federal Republic of Nigeria stronger and more prosperous,” Trump wrote.
Trump described the relationship between the United States and Nigeria as increasingly important amid growing security challenges across West Africa.
“The United States-Nigeria relationship is crucial at a time when conflict has spread across West Africa and around the world. We both share a mutual goal of confronting terrorism in all its forms, and our historic US-Nigeria 2026 Defence Cooperation Roadmap has established a robust framework to accomplish this feat,” he stated.
The US President also highlighted ongoing defence cooperation between both countries, noting that American Special Operations Forces had been deployed to assist Nigeria’s military.
“I am proud to have deployed the United States Special Operations Forces—among the most elite military units anywhere in the world—to equip the brave men and women in the Armed Forces of Nigeria with the skills, tools and intelligence they need to protect your homeland and ensure the safety and security of citizens, particularly those of faith who have been under attack.
“I look forward to our continued discussions over the course of my Presidency,” Trump added.
According to the Presidency, Nigeria and the United States have expanded security cooperation in recent months following the establishment of a Joint Working Group co-chaired by the National Security Advisers of both countries.
The collaboration has centred on intelligence sharing, military training and coordinated operations against terrorist groups.
The statement noted that one of the key outcomes of the partnership was the joint operation carried out on May 16 against ISIS hideouts in the Lake Chad region, which reportedly led to the killing of the group’s senior leader, Abubakar Al-Minoki, along with several of his lieutenants.
The Presidency also disclosed that the US Assistant Secretary of State for Africa, Frank Garcia, visited Abuja last week, where he held talks with senior Nigerian officials and pledged to deepen bilateral cooperation in security and other strategic sectors.
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