Nigeria Enhances Trade Processes with Full Bank Integration for Form ‘M’ Applications In a significant move to boost Nigeria’s trade facilitation, the Comptroller-General of the Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, has announced the complete integration of all commercial banks for seamless Form ‘M’ openings. This advancement aligns with the deployment of the indigenous B’Odogwu trade facilitation tool at Apapa and Tin Can Island ports in Lagos, following a successful pilot phase at the PTML Command earlier in 2024. B’Odogwu System Revolutionizing Trade Documentation The integration of commercial banks into the B’Odogwu trade system marks a transformative step in modernizing Nigeria’s customs operations. This initiative aims to enhance trade documentation, improve revenue collection, and increase efficiency in cross-border transactions. Mr. Adeniyi emphasized that the Central Bank of Nigeria (CBN) has directed all authorized dealer banks to comply with the B’Odogwu platform, ensuring a smooth and efficient process for traders seeking Form ‘M’ approvals. The B’Odogwu trade facilitation system, designed to replace the Nigerian Integrated Customs Information System (NICIS) II, is part of the government’s broader effort to modernize customs operations and eliminate inefficiencies in trade documentation. Expanding Digital Customs Operations for Greater Efficiency The Nigeria Customs Service (NCS) has also expanded the B’Odogwu system to Apapa and Tin Can Island ports, reinforcing the success of its initial implementation at PTML Command. Mr. Adeniyi highlighted the strategic importance of this deployment, stating that it aligns with the customs modernization agenda and will help in blocking revenue loopholes. “This initiative is a crucial step forward, as it ensures better transparency and efficiency in customs operations,” Adeniyi noted. He further explained that the termination of an outdated contract with a former service provider led to the adoption of TMP Limited, a local technology company, to develop this new, homegrown system. “The challenges we faced with NICIS prompted us to start fresh. We created B’Odogwu to eliminate previous delays and frustrations,” Adeniyi added. Strengthening Nigeria’s Trade Position Globally The term B’Odogwu, derived from a Nigerian phrase, represents “Border Strength” and signifies leadership in trade facilitation. Apapa Area Controller, Comptroller Babatunde Olomu, reaffirmed the command’s preparedness for the next phase of customs digitalization. He highlighted the comprehensive training programs conducted for officers and stakeholders, which have already received positive feedback. “Nigeria Customs, under Adeniyi’s leadership, is currently the fastest-growing customs administration in Africa,” Olomu added. For further details on Nigeria’s trade facilitation efforts, visit the official Nigeria Customs Service website. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Channel
The Nigeria Customs Service (NCS) has taken a decisive step to ease congestion at the country’s ports by initiating legal proceedings to condemn 151 overtime containers and vehicles. These consignments, primarily located at Apapa Port and KLT terminals in Lagos, are being processed for clearance and disposal to enhance efficiency in cargo management. Implementation of the New Port Clearance Policy A recent public notice by the NCS, as sighted by The Nation, confirms that this action aligns with the Nigeria Customs Service Act 2023 and follows an ex-parte motion filed under suit number FHC/L/MISC/8262024, dated November 28, 2024. Findings indicate that: In addition, the NCS has announced the enforcement of a 30-day cargo clearance deadline to streamline port operations, reduce disputes over delayed shipments, and enhance trade facilitation. Key Highlights of the New Customs Guidelines According to the statement signed by Abdullahi Maiwada, the Public Relations Officer of the NCS, the updated regulations specify: Ensuring Transparency and Trade Facilitation The NCS has reassured importers, shipping agents, and other stakeholders of a transparent and efficient cargo clearance process. This initiative aims to: Stakeholders are urged to comply with these new clearance regulations to ensure swift cargo movement and contribute to a more structured port system. Conclusion With the Nigeria Customs Service tightening port clearance regulations, timely compliance will be crucial for businesses relying on imports. The revised 30-day deadline and structured disposal process signify a strong commitment to decongesting Nigeria’s ports while fostering smoother trade operations. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
