Finance Minister outlines three-fold vision for Customs

... to redefine nation's economic landscape

 ZAINAB JUNAID

Finance Minister and Coordinating Minister of the Economy, Wale Edun FCS, has outlined a three-fold vision aimed at redefining the nation's economic landscape.

Presiding over the inaugural meeting of the Nigeria Customs Service Board held at Customs Headquarters in Abuja on Tuesday, December 19 2023, the minister stressed that the outline is to reshape the future of trade, revenue, and economic vitality in Nigeria.

As the Board Chairman of NCS, the Finance Minister articulated his commitment to elevating government revenue, fortifying critical spending in infrastructure and social services, and navigating the intricate realms of macroeconomic reform.

He declared, "Today marks a pivotal moment in our pursuit of economic resilience, and we are seeking substantial augmentation of government funds to propel crucial initiatives, ensuring that the wheels of progress turn unhindered."

According to him, his vision extended beyond mere revenue generation, expressing a commitment to fostering an environment where every citizen experiences the tangible benefits of economic prosperity. He spoke passionately about measures to provide affordable transportation, ensure food security, and alleviate the burdens of everyday life for the Nigerian populace.

“The President will be briefed comprehensively on our vision to lower the cost of living for Nigerians through making rich efforts to facilitate trade and boost our economy. We aim to implement measures that not only ease financial burdens but also elevate the living standards for every citizen,” he asserted.

The highlight of the his address further centered around the commitment to collaborate seamlessly with the Comptroller-General of Customs, Bashir Adewale Adeniyi MFR, in facilitating smoother trade as he envisioned a landscape where trade procedures would undergo a metamorphosis characterized by efficiency, speed, and a commitment to international best practices.

"We are on the verge of transformative change in trade facilitation. Our commitment is unwavering, and we are poised to implement the National Single Window project—a community-driven initiative that promises to revolutionize Customs procedures," the Minister declared with conviction.

Explaining the significance of the National Single Window project, the Minister highlighted its role in modernization, automating processes, and ensuring electronic transmission of information and data across payment stakeholders. According to the Minister, this initiative is not just a technological upgrade but a strategic move to bolster Customs and revenue, thereby becoming a key contributor to the nation's economic growth.

The Minister's visionary address resonated through the corridors of the Nigeria Customs Service, signaling a new dawn for Nigeria, painted with hues of economic prosperity, social upliftment, and a commitment to excellence.