Wednesday, July 16, 2025
Home Business NIGERIA CUSTOMS, INDIA STRENGTHEN BILATERAL TIES AT WCO POLICY COMMISSION.

NIGERIA CUSTOMS, INDIA STRENGTHEN BILATERAL TIES AT WCO POLICY COMMISSION.

The Nigeria Customs Service (NCS) has reaffirmed its commitment to deepening strategic cooperation with the Indian Customs Administration, as both sides advanced discussions on key customs issues on the margins of the 92nd Session of the World Customs Organisation (WCO) Policy Commission on 25 June 2025 in Brussels, Belgium.
 
Led by the Comptroller-General of Customs, Adewale Adeniyi, the Nigerian delegation met with  Surjit Bhujbal, a senior member of India’s Central Board of Indirect Taxes and Customs (CBIC), to evaluate progress made under the Customs Mutual Administrative Agreement (CMAA) signed between both countries on 16 November 2024.
 
The bilateral engagement focused on enhancing cooperation in customs valuation, transfer pricing, and ongoing conversations around the integration of customs and tax systems — key areas identified in the CMAA. The meeting also addressed growing concerns over the international trade in substandard pharmaceutical products, with both countries acknowledging recent successful seizures in Nigeria as a direct result of improved intelligence sharing and operational synergy.
 
According to CGC Adewale Adeniyi, “Today’s dialogue is a continuation of the strong foundations laid during the signing of the CMAA in November 2024. We are intensifying efforts to tackle undervaluation, abusive transfer pricing, and to improve system integration between customs and tax authorities. Additionally, our joint actions in curbing the importation of substandard pharmaceuticals yield results and protect public health.”
 
The CGC further reiterated Nigeria’s interest in expanding cooperation through joint technical missions, training programmes, and shared data mechanisms, which would contribute to more efficient risk management, enhanced revenue assurance, and stronger trade controls.
 
“This partnership reflects our vision of a smarter, collaborative, and globally connected customs administration,” Adeniyi said.
 
The CMAA was signed during the Prime Minister of India’s state visit to Nigeria last year, a landmark moment that underscored both countries’ commitment to advancing trade, security, and institutional collaboration.
 
In his remarks, Surjit Bhujbal said, “India regards Nigeria as a crucial partner in Africa. The CMAA has opened a structured channel for mutual assistance, information exchange, and capacity building. We are keen to deepen technical cooperation on valuation, combat revenue leakage through transfer pricing schemes, and share our experience integrating customs with tax systems.”
 
The WCO Policy Commission is a high-level platform where customs leaders worldwide deliberate on policy direction, global trade facilitation, and enforcement standards. Nigeria’s active participation highlights its dedication to international best practices and the modernisation of its customs systems.
RELATED ARTICLES

JOB CREATION: SMEDAN CHAMPIONS GROW NIGERIA INITIATIVE.

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has commended the “GROW Nigerian” strategy which aims to boost the growth of Micro,...

CBN CLARIFIES NRBVN CHARGES FOR NIGERIANS IN DIASPORA, REAFFIRMS COMMITMENT TO FINANCIAL INCLUSION.

The Central Bank of Nigeria (CBN) has clarified recent speculations regarding charges related to the newly launched Non-Resident Bank Verification Number (NRBVN) platform, affirming...

NO BREACH OF CIVIL SERVICE RULES IN FORTHCOMING NEPC PROMOTION EXAMS – NEPC

  Nigeria Export Promotion Council (NEPC) has refutes the Sahara Reporters report  regarding the forthcoming promotion examinations at the Nigeria Export Promotion Council (NEPC). In the...

Most Popular

JOB CREATION: SMEDAN CHAMPIONS GROW NIGERIA INITIATIVE.

The Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, has commended the “GROW Nigerian” strategy which aims to boost the growth of Micro,...

AFRICAN ATHLETICS CHAMPIONSHIP:DG NATIONAL SPORT COUNCIL PAID A COURTESY CALL TO FORMER PRESIDENT OLUSEGUN OBASANJO.

    In a show of high-level solidarity ahead of the 3rd CAA U18/U20 African Athletics Championship, the Director General of the National Sports Commission, Bukola...

REMAINS OF FORMER PRESIDENT BUHARI ARRIVES KATSINA.

The Nigerian Airforce plane carrying the remains of former President, Muhammadu Buhari, has landed in Katsina to be received by President Bola Ahmed Tinubu.   The...

AGRICULTURE MINISTER KYARI MOURNS FORMER PRESIDENT MUHAMMADU BUHARI.

Nigeria’s Minister of Agriculture and Food Security, Senator Abubakar Kyari, has expressed profound grief over the passing of former President Muhammadu Buhari, GCFR. In a...

Recent Comments