This news may excite business owners in Nigeria who export their products and Trucks Transit Parks (TTP) Limited, an innovative tech mobility company, has integrated the Nigerian Export Proceeds (NXP) system of the Central Bank of Nigeria (CBN) into its innovative Ètò Electronic call-up platform.
It was gathered that the infusion of the systems happened on January 3, 2025, and it represents a significant collaboration among TTP, the Nigerian Ports Authority (NPA), the CBN and other key stakeholders.
The objective of this partnership is to modernise and streamline Nigeria’s export operations, enhancing transparency, efficiency, and overall operational excellence at the nation’s ports.
Under the new regulation, exporters are now mandated to secure an approved NXP application number before booking export consignments. This requirement, endorsed by the NPA and aligned with government directives, ensures that only consignments with verified, final-stage approval proceed to export processing.
This new procedure for export bookings promises to enhance process efficiency by minimizing processing delays at export processing terminals, ensuring that export containers are only released to the port upon confirmation of their status at the final approval stage.
It will also reduce road congestion as export vehicles would now complete their reloading processes before proceeding to the port.
In addition, it will bolster the Nigerian economy as a streamlined export process will enhance international competitiveness, attract more business, and generate higher revenue for the nation.
TTP’s robust technical capabilities have been instrumental in ensuring the flawless integration of the NXP system with the ÈTÒ platform.
By enabling real-time verification of NXP application numbers via the NPA-CBN-NXP portal, TTP’s solution ensures that only export consignments meeting the stringent regulatory requirements are allowed into the port, significantly enhancing process integrity and security.
“Our team’s relentless pursuit of technological excellence has culminated in a solution that not only streamlines the export process but also reinforces the collective efforts of industry regulators and stakeholders, notably the NPA.
“We are honoured to collaborate closely with the NPA, the CBN and other partners in ensuring that this integration sets a new benchmark for operational excellence in Nigeria’s export sector.
“This achievement is a testament to what can be accomplished when cutting-edge technology meets proactive regulatory oversight,” the co-founder of TTP, Mr Jama Onwubuariri, said.