Nigeria set to attract $3bn with new digital trade portal
The Alliance for Economic Research and Ethics, led by Dele Oye, has praised the Federal Government’s National Single Window (NSW) project as a transformative step for Nigeria’s economy. Oye predicts the initiative could bring in up to $3bn in investment within five years. The NSW aims to streamline regulatory processes for importers and exporters by integrating over 20 government agencies into a single digital platform. The business community is hopeful this project will finally resolve long-standing trade bottlenecks.
TLDR
- Dele Oye called the NSW the most significant pro-business move by the Bola Tinubu administration.
- The NSW’s Phase One “go-live” is scheduled for March 27, 2026, and will unify agencies like Customs, NAFDAC, and NPA.
- Oye highlighted that previous attempts since 2009 failed due to lack of political will, but this time there is strong presidential involvement.
- He warned that the private sector must be included in the platform’s management for it to succeed.
- The NSW is expected to end cumbersome regulatory processes and attract between $2bn and $3bn in investment.
