The Federal Government has restated plans to implement the National Single Window, an initiative of the Bola Tinubu administration to plug revenue leakages, enhance trade facilitation and improve efficiency in international trade transactions.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this when he appeared before the National Assembly Joint Committee on Customs and Tariffs on Monday.
Edun said, “Customs revenue is significant and remains a major contributor to the Federation Account for the benefit of both the federal and state governments. We are working towards achieving higher revenue through more efficient processes and by blocking loopholes and leakages.”