Connect with us

news

$2.7 billion : Boosting Revenue Generation, My Govt is targeting 24-hour port clearance, Says Tinubu

Published

on

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.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Tinubu Assures Families of Safe Return, Deploys 1,000 Forest Guards and Tactical Teams to Oyo Forests, Promises Swift Rescue

Published

on

….. Tinubu dispatches high-powered delegation to Oyo

President Bola Tinubu on Sunday approved the recruitment of 1,000 forest guards in Oyo State.

He also directed a specialised security unit with advanced rescue capabilities to intensify efforts to free abducted pupils and teachers from three schools in Oriire Local Government Area.

According to a statement signed and released on Sunday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, a high-powered Federal Government delegation conveyed the presidential directives to community leaders and lawmakers during a visit to Esiele and Yawota communities in Oriire LGA on Sunday, May 31, 2026.

The delegation also informed leaders that their request for the establishment of a military base in the area had been transmitted to the President for consideration and approval.

The development comes 16 days after gunmen struck communities in the area and took dozens of schoolchildren and their teachers captive.

The delegation was led by the President’s Chief of Staff, Femi Gbajabiamila, and included the National Security Adviser, Mallam Nuhu Ribadu; the Inspector-General of Police, Tunde Disu ; the Chief of Defence Staff, General Christopher Musa; and the Special Adviser to the President on Media and Public Communications, Sunday Dare, Onanuga said.

Addressing residents in both English and Yoruba, Gbajabiamila said the President’s decision to dispatch the nation’s top security leadership to the affected communities reflected his determination to deploy every available resource to secure the victims’ release.

“Mr President is deeply troubled by this incident. Whatever it takes, our children and teachers will be brought back home safely.

“He has issued all necessary directives and is providing every support required by our security agencies to achieve that objective,” Gbajabiamila said.

He also addressed appeals from parents and community members urging caution in the rescue operation.

The Chief of Staff explained: “Mr President also saw the appeals from some parents and community members urging caution in the rescue efforts.

“Let me assure you that the operation will be intelligence-led and carefully coordinated, deploying both kinetic and non-kinetic measures to secure the safe return of the victims.

“Your pain and anxiety are understood. By the grace of God, your children will return safely to your arms.”

The delegation also called on the Soun of Ogbomosoland, HRM Ghandi Afolabi Olaoye, at his palace to commiserate with the traditional ruler and his people.

They also visited the widow of the slain teacher, Mrs Mary Oyedokun, and her two children, where Gbajabiamila delivered the President’s personal condolences to the family and promised that they would not be left to suffer.

The 1,000 forest guards approved by the President will be recruited in collaboration with the Oyo State Government, Onanuga said.

The abductions occurred on May 15, 2026, when armed men attacked three schools — Community Grammar School, Baptist Nursery and Primary School, and L.A. Primary School — in the Esiele and Yawota communities of Oriire LGA, taking pupils and teachers captive.

During the attack, a mathematics teacher, Michael Oyedokun, was beheaded. A motorcyclist was also killed, and a security operative died after running into improvised explosive devices planted by the abductors during early rescue attempts.

The Oriire LGA communities sit on the fringes of a forested belt that the abductors have exploited for cover since the attack.

Continue Reading

news

Tinubu @ 3: How REA Is Expanding Energy Access to Support Nigeria’s $1 Trillion Vision

Published

on

For decades, achieving economic independence in Nigeria has been limited by a fundamental deficit: access to reliable electricity.

In rural and peri-urban communities, often referred to as the “last mile,” small businesses, agro-processors, and households have historically survived on costly, polluting petrol generators or lived in complete darkness. However, a silent revolution has been taking place across the country. Led by the Rural Electrification Agency (REA), decentralized renewable energy solutions are systematically closing the energy gap. Driven by bold policy shifts and unprecedented private sector funding, the REA’s mini-grid solutions are not just illuminating homes, they are serving as a critical infrastructure backbone to catalyze the Central Bank of Nigeria’s (CBN) ambitious target of achieving a $1 trillion economy.

This rapid transformation underscores the strategic vision of the current administration. As President Bola Ahmed Tinubu marks his third year in office, this milestone stands as a testament to his administration’s foresight. By recognizing early on that the fragile national grid could not single-handedly carry the weight of Nigeria’s industrial ambitions, the President prioritized decentralized energy solutions to intentionally ease the burden on the national grid.

Of notable mention is Mr President’s appointment of Dr. Abba Aliyu as the Managing Director of the REA. Abba’s appointment has injected a much-needed dose of technocratic competence, corporate governance and execution speed into the agency, effectively turning a bottleneck into a launchpad for national growth.

Historically, the mention of the REA in Nigeria’s public discourse was frequently tied to headlines of systemic corruption, contract inflation, and abandoned projects. For years, the agency operated as a black box where public and international donor funds vanished into ghost electrification schemes, leaving rural communities in perpetual darkness.

Today, transparency has become the order of the day. At the heart of this institutional transformation is the deployment of advanced digital data platforms including the REA Project Monitoring and Performance Hub (MPH), the Nigeria SE4ALL web platform, and specialized tracking architectures managed alongside data partners like Odyssey. By utilizing real-time IoT (Internet of Things) remote monitoring and data portals, the REA tracks precisely how much power is generated and which communities are connected. This data-first architecture ensures full accountability to international donors, eliminates ghost projects, and guarantees that disbursements are strictly tied to verified performance.

Under the leadership of Dr. Abba Aliyu, Nigeria’s off-grid sector has undergone a massive structural shift, moving from a heavy reliance on imported technology to becoming a regional manufacturing powerhouse. Driven by deliberate government policies aimed at de-risking private capital, Nigeria’s installed local solar panel production capacity has skyrocketed from 120 megawatts (MW) to approximately 300MW.

With an additional 3.7 gigawatts (GW) of capacity currently in the development pipeline, Nigeria is fast positioning itself to anchor West Africa as a renewable energy manufacturing hub. Locally manufactured solar panels are already being exported from industrial corridors like Lagos to regional neighbors like Accra, Ghana.

This domestic manufacturing surge is underpinned by a groundbreaking regulatory environment. The Nigerian Electricity Regulatory Commission’s (NERC) Mini-Grid Regulations have expanded the allowable capacity for interconnected mini-grids to 10MW. By defining exactly how mini-grids interact with the main national grid, Nigeria has established one of the most progressive and investor-friendly regulatory frameworks in Africa, one that is currently being studied and replicated by countries like Mozambique, Benin Republic, Burkina Faso, and Niger.

At the center of REA’s current aggressive rollout is the Distributed Access through Renewable Energy Scale-Up (DARES) programme, widely recognized as the largest publicly funded renewable energy access initiative globally.

DARES is an ambitious $750 million initiative structured to pull an additional $1.1 billion in private sector investments through a results-based financing model. Under this mechanism, private developers must fully mobilize and deploy their own capital to build functioning energy infrastructure before unlocking financial incentives.

The impacts of the DARES initiative are aggresively mapped toward radical socio-economic transformation, aiming to provide clean, reliable electricity to over 17.5 million Nigerians, power over 2.5 million households across the federation, and launch 1,350 mini-grids, including 250 interconnected systems.

As at today, over 1000 mini grids are being developed across the country. Additionally, 48 Interconnected mini-grids are being deployed that will inject additional 288MW of clean reliable capacity are being deployed in collaboration with 11 Distribution Companies.

The REA has gone further to unlock private finance through partnerships with institutions like FCMB, Lotus Bank, and the International Finance Corporation (IFC), creating an expansive, decentralized energy ecosystem capable of sustaining itself long after public funds are exhausted.

The expansion of last-mile electrification directly intersects with macroeconomic objectives. The CBN’s blueprint for a $1 trillion economy relies heavily on boosting productivity in agriculture, expanding MSMEs (Micro, Small, and Medium Enterprises), and scaling up local manufacturing. The REA’s mini-grid solutions act as an economic multiplier for this vision in three distinct ways.

Firstly, it unlocks the agricultural value chain.

A significant portion of Nigeria’s wealth resides in its rural agrarian communities, which suffer from high post-harvest losses due to a lack of cold storage and processing facilities. By deploying solar mini-grids to agricultural hubs, the REA enables the operation of solar-powered mills, irrigation pumps, and cold storage units. This transitions subsistence farming into a commercialized, high-yield industry, drastically boosting rural GDP contribution.

Secondly, it reduces MSMEs operating costs.

High inflation and currency fluctuations heavily penalize businesses reliant on imported fuel for generators. Replacing petrol and diesel with predictable, cheaper solar energy immediately frees up operational capital for millions of small businesses such as salons, tailoring shops, welding centers, and healthcare facilities. These saved costs are directly reinvested into expanding operations and hiring more local labor.

Furthermore, the scale-up of mini-grid capacities to 10MW allows for the strategic deployment of large solar farms in border towns. This positions Nigeria to engage in cross-border electricity trade, selling off-grid power to neighboring West African border communities. This opens up entirely new foreign exchange revenue streams, strengthening the Naira and boosting regional trade volumes in line with sub-regional economic integration goals.

In addition, the REA signed a $700,000 Memorandum of Understanding (MoU) with the Economic Community of West African States (ECOWAS) Commission to electrify healthcare centers and 15 public universities across the Federal Capital Territory (FCT), Niger, and Nasarawa states. This initiative has already begun yielding tangible results, with active projects rolling out across institutions like the Federal University of Technology, Akure (FUTA).

The Rural Electrification Agency’s mini-grid solutions have evolved beyond basic social welfare into a primary driver of industrialization and economic formalization. By taking electricity to the last mile, the REA is activating trapped economic potential in regions that the traditional grid could not reach.

Continue Reading

news

Eid-el-Kabir: Let’s Peace, Unity And Selflessness Be Our Watchword, Olowu Urges Muslim Ummah, Nigerians

Published

on

Olowu of Kuta, HRM Oba Dr Hammed Makama Oyelude, CON, Tegbosun iii, has urged muslim Ummah and Nigerians to let peace , unity and selflessness be their watchword as the world observe the Eid-el-Kabir

The reverred monarch in his sallah message said Eid-el-Kabir remains a highly spiritual occasion that calls for dedication, commitment, and selflessness.
According to him, ” this is the time to reflect on the going on around us and preach messages of hope and unity devoid of any provocation.”
Oba Makama urged Nigerians to live together peacefully, irrespective of religious, political, and tribal affliation.
While calling on politicians to exercise restraint and refrain from any rhetoric that may inflame passion as we approach 2027 general elections, Oba Makama said what should be uppermost in the mind of every patriotic Nigerian is “Country first.”
The monarch, while wishing every Nigerian a peaceful celebration, maintained that people should be vigilant and not be overwhelmed by the insecurity, adding that armed forces and other para military forces are working round the clock to ensure hitch free celebration.
” The price wise men pay for eternal liberty is to be vigilant. I urged everyone to be moderate in celebration and reach out to the less privileged, widows and orphans “as our brothers and sisters keeppers,” Olowu added.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved