The Nigeria Customs Service has restated its commitment to improve Customs Operations based on the outcomes of the World Customs Organisation (WCO) assisted Time Release Study (TRS) Scoping Mission for Nigeria.
Comptroller General of Customs Bashir Adewale Adeniyi made the commitment during the launching ceremony of the WCO-Assisted TRS Scoping Mission for Nigeria in Lagos state.
In his remarks, CGC Adeniyi stated that the TRS method is a systematic and standardized approach used to measure the total duration of time from the arrival of goods at the Customs border until their release.
He said, “The initiative represents a critical step in the ongoing efforts to optimize the trading experience and customs operations in Nigeria. It is a strategic endeavour
aimed at improving and facilitate trade, thereby ensuring alignment with international best practices, and contributing substantially to national development”.
He added that, “The launch of the TRS underscores our commitment to improving customs operations and trade facilitation in Nigeria. In addition to TRS, the NCS is deploying the AEO program, Advanced Ruling, and establishing a Customs Laboratory as part of its ongoing efforts to facilitate trade and improve government revenue”.
“These initiatives are supported by the WCO, further emphasizing our dedication to enhancing trade efficiency and promoting economic growth and national development through collaboration, innovation, and strategic measures.” He emphasized.
Launching the TRS, the Minister of Finance, Wale Edun, who was represented by the permanent secretary, Lydia Jafiya, noted that the TRS falls aligns with the Federal Government’s renewed hope agenda, “which demonstrates the president’s commitment to unleashing full economic potential to and among other states.
Redefining best approaches to create the enabling environment for businesses in addition to providing excellent services for economic operations”.
On her part, the Minister of Industry, Trade and Investment, Doris Uzoka-Anite, opined that trade facilitation will enhance trade volume and lead to revenue generation.
“I implore you to redouble your efforts in focusing on trade facilitation. This is because when you facilitate trade, you’re enhancing our trade volume and making our nation more competitive, and then we can generate more revenue without increasing our levies”. She said.
