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

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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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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term

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…directs action against sponsors of violence, backs Plateau peace committee

President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.

Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.

“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.

The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.

“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.

Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.

In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.

He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.

“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.

“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.

 

 

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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway

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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.

The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.

In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.

The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.

According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.

He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”

Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”

The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.

The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.

Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.

The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.

Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.

The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.

Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.

He said the highway would serve as a critical driver of development and improve long-term economic productivity.

Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.

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BREAKING: Faleke Obtains Tinubu’s Presidential Nomination Forms

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(L-R): Founder of Tinubu Support Group, James Faleke; APC National Organising Secretary, Suleiman Argungu; and other APC officials during the presentation of nomination and expression of interest forms to Faleke for President Bola Tinubu in Abuja on Tuesday.

The lawmaker representing Ikeja Federal Constituency, James Faleke, has picked up the All Progressives Congress Expression of Interest and Nomination forms on behalf of President Bola Tinubu ahead of the 2027 presidential election.

The APC National Organising Secretary, Suleiman Argungu, on Tuesday in Abuja, declared the process open and presented the Expression of Interest and Nomination forms to Faleke, who also serves as the founder of the Tinubu Support Groups.

Faleke’s collection and payment for the forms, valued at N100 million on behalf of the President, formally signal the commencement of Tinubu’s bid for re-election.

The Independent National Electoral Commission has scheduled the Presidential and National Assembly elections for Saturday, January 16, 2027, while governorship and State Houses of Assembly elections will hold on Saturday, February 6, 2027.

The commission also announced that party primaries, including the resolution of related disputes, will run from April 23, 2026, to May 30, 2026.

INEC further stated that campaigns for the presidential and National Assembly elections will begin on August 19, 2026, while those for governorship and state assembly elections will commence on September 9, 2026

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