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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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Tinubu’s $2.99bn Rail Push Sparks Calls for Nationwide Network Expansion
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By Sotayo Olayinka
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects, signalling a renewed commitment by the administration of Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
While this initiative is widely commendable, there is a growing call for the Federal Government to extend similar support to the Nigerian Railway Corporation (NRC). Strengthening the corporation would significantly improve inter-state transportation, ease the pressure on road networks caused by overloaded trucks, and enhance logistics efficiency nationwide.
Nigeria has already recorded progress with the Lagos–Ibadan rail corridor. However, greater impact can be achieved if the government connects Lagos to Abuja, complementing the existing Kaduna–Katsina line. Such integration would go a long way in addressing the country’s persistent transportation challenges. There is also increasing public demand for the expansion of rail services to the northern and eastern regions, which would create a more unified and dependable national transport system.
Many Nigerians still recall the 1960s, when train services operated seamlessly from Lagos to Kaduna and even Sokoto—an era that underscored the immense potential of an efficient rail network.
Expanding the railway system aligns with the administration’s Renewed Hope Agenda and would deliver tangible results in infrastructure development. There is also a widely held view that the current leadership of the NRC, under Managing Director Kayode Opeifa, is making meaningful progress in revitalizing rail services.
Sustained government backing will be critical to consolidating these gains and building a modern, efficient, and nationally connected railway system capable of driving economic growth and easing transportation challenges across Nigeria.
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Hon. Marcus Adedini Joins 2027 Ife Federal Constituency Race, Promises People-Centered Leadership
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……Engr. Adedini Declares for 2027 Reps Race, Picks Nomination Forms
Engr. Marcus Adedini has officially declared his intention to contest the House of Representatives seat for Ife Federal Constituency in the 2027 general elections, following the purchase of his nomination and expression of interest forms.
His declaration marks his formal entry into the race and reflects what he described as a long-standing commitment to public service, grassroots development, and policy-driven leadership across Ife land.
A development advocate and grassroots mobiliser, Adedini brings years of community engagement and policy experience to his ambition. Through his initiative, he has spearheaded several community-based interventions spanning education, healthcare, youth empowerment, and social welfare.
In the education sector, his programmes have supported students with scholarships, learning materials, and infrastructure development. In healthcare, he has facilitated medical outreach initiatives aimed at improving access to services and raising community health awareness.
Adedini has also implemented youth empowerment schemes, equipping young people with vocational skills, startup support, and capacity-building opportunities to promote entrepreneurship and reduce unemployment. His efforts extend to women and vulnerable groups through targeted empowerment programmes designed to improve livelihoods.
Beyond grassroots initiatives, Adedini has gained legislative exposure, contributing to the drafting of bills and motions in key sectors, including education, healthcare, and social development. Supporters say his experience in budgeting and project facilitation positions him to attract federal projects to the constituency.
Calling for support, Adedini urged residents of Ife Federal Constituency to rally behind what he described as a shared vision of inclusive growth and sustainable development.
He pledged to run a people-focused and issue-based campaign, promising effective representation and impactful service if elected.
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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up
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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity
… Tinubu to chair power sector task force as reforms gather pace
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.
He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.
“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.
He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.
The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.
In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.
Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.
He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.
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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.
According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).
He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.
Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.
He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.
The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.
He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.
Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.
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