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No Better Time Than Now For 24-Hr Port Operations — Ministers, Others

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• It will help realisation of $1 trillion economy by 2031, says FIRS chairman

There can be no better time than now for the take-off of the National Single Window initiative aimed at eliminating bureaucratic delays in export and import processes to boost trade efficiency and enhance economic growth.

This was the consensus of stakeholders and industry experts at the opening of a three-day workshop on the presidential initiative called the National Single Window project launched by President Bola Tinubu in April, 2024.

The stakeholders, including the Minister of State for Finance, Dr Doris Uzoka-Anite, Minister of Marine and Blue Economy, Mr Gboyega Oyetola, Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; chairman, Federal Inland Revenue Service, Dr Zacch Adedeji, Managing Director, Nigerian Port Authority (NPA), Dr Abubakar Dantsoho and others are optimistic about the potentiality of the project fast-tracking the realisation of $1 trillion economy.

Speaking at the National Single Window forum at Marriott Hotel, Ikeja, Lagos on Tuesday, Oyetola said the initiative would significantly reduce the cost of doing business in the country and eliminate sharp practices in trade processes.

“As highlighted by the World Bank, the cost of doing business at Nigerian ports can be up to 40 percent higher than in other West African countries due to delays and administrative bottlenecks, leading to an estimated annual revenue loss of ₦2.5 trillion within the business community.

“However, the implementation of the Single Window System can enhance efficiency, potentially reducing these costs by at least 25 percent. By streamlining operations, improving transparency, and minimizing delays, the system not only drives cost savings but also strengthens overall trade facilitation.

From left, Minister of State for Finance, Dr Doris Uzoka-Anite; Minister of Marine Economy, Mr Gboyega Oyetola; chairman, Senate Committee on Finance, Senator Sani Musa; Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; chairman, Federal Inland Revenue Service, Dr Zacch Adedeji; Managing Director, Nigerian Port Authority (NPA), Dr Abubakar Dantsoho; head, National Single Window (NSW) project secretariat, Mr Tola Fakolade, at the opening of a three-day NSW industry and stakeholders’ forum held at Marriott Hotel, Ikeja, Lagos, on Tuesday

“The cumulative impact across all areas—including reduced costs, enhanced efficiency, and greater transparency—ultimately contributes to the overall ease of doing business.

“We are advancing multimodal connectivity by improving road, rail, and inland waterway links to and from the ports. These improvements aim to reduce transportation costs, enhance logistics, and boost trade.

“For example, the Ministry in collaboration with the Lagos State Government, cleared the age-long Apapa – Tincan – Mile 2 traffic for landside operations and provided tugboats, mooring boats, pilot cutters, bollards, and fenders across all port locations for effective seaside operations.

“We maximised crane productivity and ensured a reduced transit time for vessels and trucks. These led to a reduction in both the vessel and truck turn-around times. The vessel turn-around-time went down from an average of seven days to an average of five days, while truck turn-around-time went from an average of 10 days to a few hours. But we are not resting on our oars, as our ultimate goal is to make Nigeria the hub of maritime in West Africa,” the Minister said.

In her own address, the Minister of Industry, Trade and Investment, Dr Oduwole, stressed that the establishment of a National Single Window system for trade is not merely a policy objective but “a transformative reform that will fundamentally redefine the way trade is conducted across our borders.”

“Our single window project will provide a centralized digital platform for traders to submit, process, and access trade-related documentation- eliminating corruption through improved transparency, reducing administrative burdens, and significantly
enhancing the ease of doing business in Nigeria.

“Many of you will recall that in my previous capacities in the Presidency, I have
been part and parcel of the NSW project since 2016. The time for delivery is now!

“Under President Tinubu’s eight-point agenda, economic growth and job creation are key priorities. The NSW will play a significant role in achieving these goals,” she said.

Also speaking, Minister of State for Finance, Dr Uzoka-Anite, stressed that the initiative would not only enhance ease of doing business in the country but also attract foreign direct investment.

“In Indonesia their NSW programme was launched in 2007 to simplify trade, and since then they have achieved significant reduced clearance time. The average time for cargo clearance at ports dropped from seven days to just three days, traders saved millions of dollars annually through reduced administrative costs and delays.

“In 2014 Vietnam introduced its NSW as a part of broader trade facilitation reforms. The programme enhanced trade efficiency by streamlining interaction with over 20 government agencies, reducing paperwork, and manual processes.

“This in turn led to improved compliance and led to increased customs revenue. This ease of trading facilitated by their NSW helped Vietnam increase exports, particularly in manufacturing and agriculture. Such a similar impact would be significant for Nigeria as we continue to build our foreign reserves and strengthen the Naira.

“Here in Africa Rwanda established its NSW in 2012 to promote regional and international trade which has since resulted in speedier border crossing times which decreased by 50 percent thus boosting the movement of goods in Rwanda.

“The NSW reforms contributed to Rwanda becoming one of the fastest-growing economies in Africa and improved Rwanda’s trade within the East African Community (EAC),” the Minister said.

According to the FIRS chairman, Zacch Adedeji, the project would contribute hugely to the realization of a $1 trillion economy by 2031 as envisioned by President Tinubu.

“The National Single Window project represents a pivotal stride in Nigeria’s journey towards economic transformation. For too long, Nigeria’s trade facilitation processes have been hampered by a complex web of bureaucratic hurdles, characterized by cumbersome and inefficient procedures, leading to significant delays at the ports, increased costs of doing business, and a substantial erosion of Nigeria’s competitiveness in the global marketplace.

“This has resulted in substantial revenue losses to the country, reduction in foreign direct investments, and hindered the full realization of our nation’s economic potential.

“I believe by establishing an integrated platform that seamlessly connects all the critical actors- seaports, airports, free trade zones, government agencies, financial institutions, and the private sector – we are set to revolutionise the way we conduct international trade.”

“Now is the moment for Nigeria to establish itself as a leading trade hub on the African continent by implementing a robust and efficient National Single Window system,” Adedeji said.

Comptroller General of the Nigeria Custom Service, Bashir Adeniyi, who was represented, said the concept was not new to Nigeria as similar efforts had been made in the past, suggesting ways to overcome the challenged that stunted similar efforts in the past.

“Over the years, we have witnessed various efforts aimed at integrating government agencies, streamlining processes, and fostering efficiency in trade facilitation.

“However, these attempts have been fraught with challenges, ranging from fragmented technological systems and institutional silos to misaligned stakeholder expectations and inadequate physical a n d technological infrastructure.

“While these obstacles have slowed our progress, they have also provided invaluable lessons that shape the roadmap for future s u c c e s s.

“To succeed, we must embrace a singular purpose backed by unwavering
governmental resolve, ensuring that the Single Window is not perceived as the sole
mandate but as a national strategy supported by all stakeholders, including the
private sector, financial institutions, and regulatory agencies.

“The centrality of Customs in this ecosystem is undeniable, but success requires a symbiotic relationship where each stakeholder plays its part with precision and commitment,” he said.

Managing Director of NPA, Dr Dantsoho, emphasised the need for all stakeholders to work in unity to achieve the goal of the project.

He referenced the one stop shop initiative as demonstrating the possibility for government agencies to collaborate and work in harmony with zero tolerance for delays in service delivery and timely interventions without bottle necks.

Speaking earlier, the Head of NSW Secretariat, Mr. Tola Fakolade, said the project will simplify the ways things are being done, adding that NSW was first implemented in Singapore and also used in Djibouti, Kenya and others and where it recorded successes.

Fakolade said the first phase of the project would start this year with training and testing, saying his office expects cooperation from all stakeholders.

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Oyo 2027: Adelabu Quits As Power Minister To Focus On Guber Race

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The Minister of Power, Adebayo Adelabu has formally resigned from his position in the Federal Government to pursue his governorship ambition in Oyo State.

In a resignation letter dated April 22, 2026, and addressed to the President, Adelabu stated that his resignation will take effect on April 30, 2026, to enable him to focus on his governorship ambition in Oyo State.

The letter, routed through the Office of the Secretary to the Government of the Federation, stated that he was stepping down with “a deep sense of honour and profound gratitude.”

He wrote, “I write with a deep sense of honour and profound gratitude to formally tender my resignation as the Honourable Minister of Power of the Federal Republic of Nigeria. This resignation is to take effect on 30th April 2026, in order to allow sufficient time for a smooth and orderly handover of responsibilities.”

Adelabu thanked the President for the opportunity to serve, describing his appointment as a privilege.

He said, “Your Excellency, I remain sincerely grateful for the privilege and confidence you reposed in me by appointing me to serve our great nation in this capacity.

“It has been a rare honour to contribute to national development under your leadership and to play a role in advancing reforms in the power sector—one of the most critical foundations of Nigeria’s industrial growth and economic transformation.”

The former minister said his resignation was to enable him focus fully on his governorship ambition in Oyo State, citing provisions of the amended electoral law.

He added, “My decision to step down is informed by my intention to focus fully on my gubernatorial ambition in Oyo State. This aspiration, which dates back to 2016 during my service as Deputy Governor of the Central Bank of Nigeria, ultimately led to my voluntary resignation from the Central Bank in 2018 in order to pursue the same goal.”

“In line with the provisions of the Amended Electoral Act 2026, which preclude political office holders from contesting elections, I consider it both appropriate and necessary to resign at this time.”

Adelabu’s exit marks a major political development ahead of the next electoral cycle, particularly in Oyo State, where he is expected to contest the governorship election.

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Wale Edun, Musa Dangiwa Resigned Voluntarily, Not Sacked – Presidency

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The Presidency has clarified that Wale Edun (former Finance Minister) and Ahmed Musa Dangiwa (former Housing Minister) voluntarily resigned from their positions and were not sacked by President Tinubu.

In a statement released this evening April 22, presidential media aide, Bayo Onanuga, said that contrary to public opinions, Wale Edun resigned on health grounds while Dangiwa also tendered his resignation and thanked the President for the opportunity given him to serve in the Federal Executive Council.

Onanuga stated that Edun, who clocked 70 on Monday and has battled recent ill health, fittingly submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria.

“It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda, Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. I wish you and the administration every success in the future” he wrote

Onanuga stated that on Tuesday, before the Office of the Secretary of the Government of the Federation announced his departure from the Cabinet, Edun paid a valedictory visit to the President at the Villa and held an hour-long discussion with the president and then left to focus on his private businesses.

The presidential aide stated that President Tinubu has expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours.

‘’In the same vein, the President has urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline, and innovation.

President Tinubu will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, also from Katsina, like Dangiwa, to the Senate for confirmation” the statement concluded

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Unity Bank, Experts Advocate Green Investment, Climate Innovation To Drive Economic Resilience

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Nigeria’s retail lender, Unity Bank Plc, alongside leading climate innovation experts, has called for increased investment in the green economy and the adoption of frontier technologies as critical pathways to driving economic resilience and reducing the impact of climate change on vulnerable populations across Africa.

The call was made during a thought-provoking webinar hosted by the Bank to commemorate this year’s Earth Day, themed “The True Cost of Climate Change and Who Pays?”. Climate experts and stakeholders convened to examine the human, economic, and institutional costs of climate change, while spotlighting practical solutions to address its growing impact.

In his opening remarks, Unity Bank’s Head of Strategy and Innovation, Ibukun Coker, emphasised the urgency of addressing climate risks from both a societal and business perspective.

He said: “Climate change is no longer a distant or abstract challenge. It is an existential threat with direct consequences for individuals, businesses, and economies. At Unity Bank, we recognise the role institutions must play in incorporating sustainability in project financing, supporting businesses and promoting solutions that build resilience in communities where we operate.”

The webinar featured Chinwe Udo-Davis, Founder and CEO of Instollar, and Oluwatosin Ajide, Programme Manager at the Nigeria Climate Innovation Centre, both of whom provided insights into the drivers of climate change and the pathways to mitigation and adaptation.

Speaking during the session, Udo-Davis highlighted the disproportionate burden which climate change places on underserved communities and the need for inclusive solutions.

“The true cost of climate change is not evenly distributed. Communities with the least resources are often the most affected, whether through energy poverty, environmental degradation, or limited access to sustainable alternatives. Addressing this imbalance requires intentional investment in clean energy solutions that are both accessible and scalable.”

Ajide underscored the importance of coordinated, system-wide approaches in tackling climate challenges, particularly through innovation and policy alignment.

“Climate change is fundamentally a structural problem, and its solution requires a paradigm shift: from innovation and policy to financing and implementation. Stakeholders must work collaboratively to drive solutions that are sustainable and inclusive.”

The session also explored emerging opportunities in climate technology, renewable energy, and ecosystem financing, reinforcing the role of innovation and cross-sector collaboration in building long-term resilience.

By hosting the webinar, Unity Bank continues to demonstrate its commitment to advancing sustainability-focused dialogue and supporting initiatives that promote responsible growth and environmental stewardship.

The initiative underscores the Bank’s broader strategic focus on environmental sustainability as well as its commitment to financial inclusion.

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