IMF Endorses Nigeria’s Single Window Trade Project Amid Economic Reforms
The International Monetary Fund (IMF) has thrown its support behind Nigeria’s Single Window Trade Project, a major initiative aimed at streamlining trade processes, increasing government revenue, and enhancing the ease of doing business.
The endorsement came during a meeting between the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation from the IMF’s Fiscal Affairs Department, led by Marco Antonio, Technical Assistance Advisor for Revenue Administration 2.
Antonio commended the initiative and inquired about areas where the IMF could further assist in its successful implementation. In response, Edun assured that the project was already in motion, with necessary approvals secured, a dedicated team in place, and a structured plan guiding its rollout.
The minister emphasized the project’s potential to accelerate Nigeria’s export growth, particularly as the country aims to achieve a daily oil production target of 1.2 million barrels. He described the Single Window Trade Project as a transformative tool capable of boosting economic growth, with President Bola Tinubu’s administration and the Nigeria Customs Service playing pivotal roles in ensuring its success.
With the IMF’s backing, the initiative is expected to enhance trade efficiency and position Nigeria as a leading hub for commerce in Africa.
