The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, has extolled the virtues of the newly launched National Single Window (NSW) system, projecting a future of streamlined trade and significantly increased government revenue.
Speaking at a recent stakeholders forum in Lagos, Adedeji emphasised the NSW’s potential to revolutionise trade processes. “By streamlining procedures, reducing leakages, and improving data accuracy, we can maximise revenue generation from import and export activities,” he declared.
This surge in revenue, Adedeji explained, will be instrumental in funding critical infrastructure projects, bolstering public services, and propelling Nigeria’s overall economic development. He urged stakeholders to embrace collaboration as the cornerstone for the NSW’s success, emphasising that “the power of collaboration cannot be overstated.”
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“This necessitates seamless collaboration among government agencies, the public and private sectors, and all entities involved in trade facilitation,” Adedeji stressed. “We must dismantle the traditional silos that have hindered progress and cultivate a spirit of shared responsibility.”
Echoing Adedeji’s sentiments, the Minister of State for Finance, Doris Uzoka-Anite, hailed the NSW as a “game-changer” for Nigerian trade. She highlighted its potential to enhance transparency and bolster government revenue by minimising vulnerabilities for irregularities and inaccuracies in trade documentation.
“The NSW will contribute significantly to increased revenue collection for the Nigerian government by streamlining processes to minimise potential vulnerabilities for irregularities and inaccuracies in trade documentation, leading to more efficient and accurate revenue collection,” Uzoka-Anite stated.
The Minister of Trade, Industry, and Investment, Jumoke Oduwole, emphasised the NSW’s role in facilitating trade by providing a centralised digital platform for traders to manage trade-related documentation. “It will eliminate corruption through improved transparency, reduce administrative burdens, and significantly enhance the ease of doing business in Nigeria,” she asserted.
