Foreign exchange inflow :  Customs partners NEPC to boost export trade

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Foreign exchange inflow :  Customs partners NEPC to boost export trade

Photographs taken during the visit

In line with the policy of federal government to increase foreign exchange inflow into the nation’s economy through exports, the Nigeria Customs Service has affirmed its readiness to collaborate with Nigeria Export Promotion Commission (NEPC) on initiatives to enhance trade and boost export activities.

The Comptroller-General of Customs, CGC Bashir Adewale Adeniyi MFR, made this known on Tuesday, March 19, 2024, during a working visit by the Management team of the Agency to Customs Headquarters in Abuja.

Addressing the guests, CGC Adeniyi stated, “Collaborating with NEPC significantly aims at leveraging the Commission’s expertise and resources to streamline export processes further, reduce bottlenecks and create a conducive environment for exporters.”

During a joint meeting held at Customs Headquarters in Abuja on the same day, the CGC reiterated the importance of redefining exports as a means to increase the volume of outbound trade.

He commended Nigeria’s efforts in managing trade but emphasised the need for enhanced support for exports, particularly in the area of logistics.

In response, Nonye Ayeni, Executive Director of NEPC, praised the Customs Boss for his remarkable achievements since assuming office in 2023.

She highlighted the abundance of resources in Nigeria, especially agricultural products and solid minerals, and stressed the importance of advocacy with relevant agencies to alleviate the challenges faced by exporters.

Ayeni emphasised the significance of non-oil exports for economic growth and development, calling for collaborative efforts to increase export trade.

She urged sister agencies to actively contribute to minimising logistics challenges, exporters face and advocated for establishing aggregation centres for exports.

According to her, the meeting with NCS is part of NEPC’s commitments to fostering partnerships with key stakeholders in the trade sector, in order to facilitate smoother trade operations and promote economic growth.

Comptroller Ajibola Odusanya, Customs Area Controller of Lilypond Export Command Lagos, highlighted the necessity of NXP (Nigeria Export Proceeds) to repatriate export proceeds and emphasised that no formal export can be done without it.

He identified the absence of NXP as a significant challenge for exporters, stressing its importance in facilitating trade.

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