Close Menu
Pointnews247
  • News
  • Politics
  • Maritime
  • Business
  • Aviation
  • Entertainment
  • Customs
  • Health
What's Hot

Edun Hails Single Window as Tool to Speed Clearance, Cut Trade Costs

Nigeria Customs, AfCFTA Agree on Simplified Trade Rules for MSMEs

NCDMB Confident Radisson Hotel Yenagoa Will Open by December

Facebook X (Twitter) Instagram YouTube WhatsApp TikTok
Facebook X (Twitter) Instagram
Pointnews247Pointnews247
  • News
  • Politics
  • Maritime
  • Business
  • Aviation
  • Entertainment
  • Customs
  • Health
Pointnews247
  • News
  • Politics
  • Maritime
  • Business
  • Aviation
  • Entertainment
  • Customs
  • Health
Home»Customs»Nigeria Customs, AfCFTA Agree on Simplified Trade Rules for MSMEs
Customs

Nigeria Customs, AfCFTA Agree on Simplified Trade Rules for MSMEs

MujeedatBy Mujeedat2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Nigeria Customs Service (NCS) has taken a major step toward easing cross‑border commerce by holding a high‑level technical engagement with the African Continental Free Trade Area (AfCFTA) Secretariat at its headquarters in Maitama, Abuja, on 23 March 2026. The meeting focused on operationalising the Simplified Trade Regime (STR) to support small‑scale traders and informal cross‑border commerce under the AfCFTA agenda.

The Comptroller‑General of Customs was represented by the Deputy Comptroller‑General (Tariff and Trade), DCG Caroline Niagwan, who pledged that the NCS would design simpler, more transparent customs procedures to include Micro, Small, and Medium Enterprises (MSMEs) in regional trade. “Our objective is to make cross‑border trade easier and more inclusive for small traders, without compromising compliance with national and continental rules,” she said, underscoring Nigeria’s role as a regional trade hub.

 

Leading the AfCFTA side, Pedro Estevao explained that Nigeria had been designated the pilot country for the Simplified Trade Regime in West Africa, given its large domestic market and strategic position on the continent. He stressed that streamlining procedures for small‑scale traders would unlock new income streams, reduce informal trade, and deepen regional integration.

During the session, the NCS unveiled a draft Standard Operating Procedure (SOP) for implementing the STR, covering informal cross‑border trade, passenger baggage, and low‑value e‑commerce flows. The proposed process relies on digital declarations, risk‑based checks, and reduced paperwork to speed up clearance while still meeting regulatory requirements.

 

AfCFTA consultant Nabil Zibani outlined the continental STR framework, highlighting the need for simplified, accessible systems that enable MSMEs, especially women traders, to participate fully in regional markets. Both sides identified strong alignment between the NCS draft and the AfCFTA blueprint, particularly on lowering documentation burdens, using digital platforms, introducing de minimis thresholds for small consignments, and ensuring gender‑inclusive trade policies.

 

The two parties agreed on the importance of ongoing technical collaboration to address operational gaps, refine risk‑management tools, and synchronise national and continental procedures. The engagement positions Nigeria as a key pilot for the AfCFTA’s Simplified Trade Regime, reinforcing the NCS’s commitment to cutting trade costs, reducing port congestion, and advancing inclusive, regional economic growth.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleNCDMB Confident Radisson Hotel Yenagoa Will Open by December
Next Article Edun Hails Single Window as Tool to Speed Clearance, Cut Trade Costs

Related Posts

Nigeria Customs, UK HMRC Deepen Trade Cooperation

Apapa Customs Intercepts 13 Containers of Expired Drugs, Security Gear, Others Worth ₦6.38bn 

Customs CG Adeniyi Unveils Data Analytics Centre, Inspects Cargo Scanner at Apapa Port

Leave A Reply Cancel Reply

Demo
Latest Posts

Edun Hails Single Window as Tool to Speed Clearance, Cut Trade Costs

Nigeria Customs, AfCFTA Agree on Simplified Trade Rules for MSMEs

NCDMB Confident Radisson Hotel Yenagoa Will Open by December

ADNOC CEO Labels Strait of Hormuz Closure ‘Economic Terrorism’

Latest Posts
Uncategorized

Growing Democratic Concerns Over Biden’s 2024 Re-Election Bid

Featured

Review: AI Tops World Economic Forum’s List of Top 10 Emerging Technologies of 2024

Featured

Coronavirus Latest: Japan’s Vaccination Rate Tops 75% As Cases Drop Drastically

Subscribe to News

Get the latest sports news from NewsSite about world, sports and politics.

Advertisement
Demo
Facebook X (Twitter) WhatsApp TikTok Instagram

News

  • World
  • US Politics
  • EU Politics
  • Business
  • Science

Company

  • Information
  • Advertising
  • Classified Ads
  • Contact Info
  • Do Not Sell Data
  • GDPR Policy
  • Media Kits

Services

  • Subscriptions
  • Customer Support
  • Bulk Packages
  • Newsletters
  • Sponsored News
  • Work With Us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2026 Pointnews247. Designed by TechyX360.
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.