President Bola Tinubu emphasized the potential benefits of Nigeria's implementation of the Single Window Project during the inauguration of the National Single Window initiative in Abuja. He projected that the project could generate approximately $2.7 billion annually and help save $4 billion lost to bureaucratic hurdles and corruption in trade processes. The Single Window platform aims to streamline trade procedures by providing a unified portal for both domestic and international trade participants to access standardized services from various Nigerian agencies.

Tinubu stressed the urgency of improving trade efficiency, directing the Presidential Steering Committee on the National Single Window Project to eliminate obstacles hindering progress. He cited examples of countries like Singapore, Korea, Kenya, and Saudi Arabia, which have experienced enhanced trade efficiency after adopting similar systems. Tinubu expressed confidence that Nigeria, with its resilient and enterprising population, could achieve similar success.

Acknowledging Nigeria's economic potential, Tinubu lamented the historical hindrances caused by complex and inefficient trade processes. He declared a commitment to change and described the National Single Window as a transformative tool that would simplify trade compliance through digitalization, paving the way for economic prosperity and investment attraction.

Highlighting the project's role in preventing revenue leakage and fostering transparent and business-friendly environments, Tinubu assured the committee of his full support despite recognizing that its implementation would require dedication and a phased approach. He encouraged the committee to dismantle any barriers encountered along the way and pledged receptivity to innovative ideas to ensure the project's success.

Tinubu emphasized the broader regional implications of the Single Window Project, advocating for its integration with systems in other African nations to enhance intra-African trade. He urged Nigerians to embrace the initiative and emphasized its significance in promoting regional integration and positioning Nigeria as a global trade leader.

Managing Director of the Nigerian Ports Authority, Bello Koko, provided insights into the initiative's operational aspects, highlighting the goal of clearing imports at all seaports within 24 hours. He outlined measures to streamline paperwork and information sharing among relevant government agencies to expedite import and export processes.

The project secretariat, led by Mr. Tola Fakolade, comprises representatives from various government ministries, agencies, and councils, demonstrating a collaborative effort towards achieving trade efficiency and economic growth through the National Single Window initiative.

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