Comptroller Ajibola Odusanya, Customs Area Controller Lilypond Export Command on Wednesday, October 4th, 2023, engaged key stakeholders in a meeting on Efforts to Streamline Export Trade Processes and pave the way for increased foreign investment.
The objective of the gathering was to foster a deeper understanding of the challenges faced by stakeholders in the export trade sector and to formulate strategies to address them effectively.
Comptroller Odusanya emphasized the significance of this meeting, stating, “It provides an avenue for us to identify the challenges that stakeholders are grappling with, and where we, as facilitators, can step in to alleviate these issues.”
Highlighting the government’s commitment to expediting export-related activities, he remarked, “We are aware that the current government is dedicated to facilitating export businesses, and the Acting Comptroller-General of Customs, Bashir Adewale Adebiyi, has placed a high priority on advancing exports, in line with the federal government’s vision.”
Comptroller Odusanya also underscored the potential benefits of resolving export trade hurdles, pointing out that attracting foreign investors is one of them. “Numerous foreign investors may express interest in investing in Nigeria, particularly in export-related ventures. When they perceive that there are no substantial barriers, they will be encouraged, ultimately leading to job opportunities for our youth within the export sector.”
Furthermore, the CAC emphasized the Nigeria Customs Service’s commitment to ensuring that Nigerian goods compete favorably in domestic and international markets. “Export trade is inherently international, and as officers and facilitators, we will spare no effort to ensure that our goods maintain competitiveness in the global arena,” he affirmed.
Odusanya concluded that a shift toward a trade surplus favoring Nigeria could bolster the nation’s currency and promote industrialization. “By prioritizing exports over imports, we can strengthen our currency and, in turn, foster industrial growth,” he emphasized.
He, however, expressed his readiness to collaborate closely with stakeholders to align export trade with the vision of the Comptroller-General of Customs Bashir Adewale Adebiyi, and the directives of the Federal Government, signaling a proactive approach to improving Nigeria’s position in the global export market.