By Idris Mustapha Babalola
The Nigerian government has announced plans to reduce the cost of doing business at the nation’s ports by at least 25% through the implementation of the National Single Window (NSW) system.
Minister of Marine and Blue Economy, Adeboyega Oyetola, revealed this initiative at a stakeholders’ forum in Lagos on Tuesday, emphasized its potential to enhance operational efficiency, transparency, and reduce delays.
Oyetola noted that the NSW would streamline port operations, potentially cutting down the operational costs that are up to 40% higher than those in other West African countries due to administrative bottlenecks. The system is expected to improve trade facilitation, contributing to Nigeria’s broader economic growth.
In addition, the government is focused on multimodal connectivity, enhancing road, rail, and inland waterway links to boost trade and reduce transportation costs. Oyetola highlighted ongoing efforts to modernize existing ports, starting with Apapa and Tin Can Island Ports, to address aging facilities and improve connectivity.
The Nigerian Ports Authority (NPA) is also investing in advanced technology, including new tugboats and crane productivity improvements, to increase operational efficiency.
Dr. Abubakar Dantsoho, Managing Director of NPA, stated that the NSW would interconnect all stakeholders involved in foreign trade and simplify the trade procedure, positioning Nigeria as a competitive maritime hub in West Africa.
