General
Nigeria to Become Top 3 Most Efficient Trade Gateways in Africa 2026
By Adedapo Adesanya
Nigeria is intensifying efforts to make its ports among the best three in Africa by the end of next year through the implementation of the National Single Window.
The Vice-President, Mr Kashim Shettima, said this on Thursday during the second meeting of the Ports and Customs Efficiency Committee at the Presidential Villa, Abuja.
Mr Shettima explained that the policy aims to create a single platform to harmonise documentation, minimise human contact, and bring full transparency to the cargo clearance process, adding that it will be a game changer at the ports.
He noted that the target was to reduce average cargo clearance time from 21 days to less than seven days by the end of 2026, saying the policy will position Nigerian ports among the top three most potent trade corridors in Africa.
“By the end of 2026, we aim to reduce average cargo clearance time in Nigeria to under seven days and to position our ports among the top three most efficient trade gateways on the continent,” he said.
“The forthcoming implementation of the National Single Window in the first quarter of next year will be a game changer, a single platform that harmonises documentation, minimises human contact, and brings full transparency to the cargo clearance process,” he added.
Mr Shettima directed the Nigerian Ports Authority (NPA), the Nigerian Customs Service (NCS), the National Agency for Food and Drug Administration and Control (NAFDAC), the Standard Organisation of Nigeria (SON), and other relevant agencies to come up with a roadmap on how to make Nigeria’s weights and measures framework effective.
He said the target is to improve port operations, make cargo clearance faster and more efficient by reducing average cargo clearance time from 21 days to less than seven days by the end of 2026.
Mr Shettima expressed dismay over cargo dwell time at Nigeria’s major ports” currently averages between 18 to 21 days.
“This is compared to Ghana and Cotonou, Benin Republic, where it takes five to seven days and just four days respectively.
“The cost of clearing goods in Nigeria is estimated to be 30 per cent higher than in many of our regional peers.”
According to him, the nation’s ports record cargo dwell times 475 per cent above the global average benchmark.
“These inefficiencies are not just statistics; they are symptoms of an economic ailment that costs us investments, drives up consumer prices, and weakens our export competitiveness.
“We simply cannot afford to continue down this path,” he noted.
He also expressed optimism that the Executive Order on Joint Physical Inspection currently before President Bola Tinubu, “stands as one of the boldest and most decisive steps toward reversing these trends.
“It marks the dawn of a new era, an era where agencies work together, where systems speak a common language, and where traders and investors can depend on predictability, transparency, and speed,” he added.
He demanded synergy among the NPA, NCS, NAFDAC, SON, NIS and other relevant agencies, saying that the era of working in silo was over.
“But no reform succeeds without ownership. Every agency represented here, the NPA, NCS, NAFDAC, NDLEA, SON and Immigration, the Quarantine Service, as well as all our partners, must see ourselves not as isolated operators, but as links in a single, integrated value chain.
“The era of siloed operations must end. Inter-agency rivalry must give way to inter-agency synergy.
“We are only as efficient as our collaboration allows, and our success will depend not only on what we do individually, but on what we achieve together,” Mr Shettima said.
By Adedapo Adesanya
The Nigerian Ports Authority (NPA) is raising its financial and operational ambitions for 2026, unveiling a revenue target of N1.489 trillion alongside plans to overhaul two of the country’s busiest seaports, Apapa and Tin Can Island, in a push to boost efficiency and global competitiveness.
Speaking during the agency’s 2026 budget defence before the Senate Committee on Marine Transport, the ports regulator’s Managing Director, Mr Abubakar Dantsoho, said the new revenue projection reflects a strategic shift focused on strengthening resilience and driving sustainable growth across Nigeria’s port system.
The proposed figure represents an increase over the N1.468 trillion initially projected for 2025, a benchmark the authority not only met but exceeded, recording approximately N1.97 trillion in revenue collections.
A breakdown of the 2026 proposal shows a strong tilt toward infrastructure development, with N945 billion allocated to capital expenditure. Operating costs are projected at N447.5 billion, while N90.6 billion is expected to be remitted to the federal government’s Consolidated Revenue Fund.
Central to the NPA’s transformation agenda is the planned modernisation of Apapa Port and Tin Can Island Port, two critical gateways for Nigeria’s maritime trade. Dantsoho noted that both facilities, due to their age and outdated capacity, require urgent upgrades to meet the demands of modern shipping and logistics operations.
He disclosed that preliminary work on the projects is set to begin within weeks, marking a significant step toward repositioning Nigeria’s ports within the global maritime value chain.
On financial operations, the NPA boss reiterated that all revenues generated by the authority are remitted directly into the Treasury Single Account managed by the Central Bank of Nigeria, stressing that the agency operates without retaining independent revenue.
In his remarks, Chairman of the Senate Committee on Marine Transport, Mr Wasiu Eshinlokun, underscored the importance of collaboration between lawmakers and agencies. He noted that the committee’s oversight function is designed to improve efficiency, strengthen institutional performance, and ensure responsible use of public funds.
By Adedapo Adesanya
Nigeria’s Minister of Foreign Affairs, Mr Yusuf Tuggar, has resigned from his position, in line with the directive that government appointees seeking political offices must resign before March 31.
Business Post reports that the diplomat is eyeing a governorship ambition in Bauchi State ahead of the 2027 general elections.
Mr Tuggar’s resignation was confirmed in a statement by the ministry’s spokesperson, Mr Kimiebi Ebienfa, on Monday.
Mr Tuggar submitted his resignation letter on Monday, barely 24 hours before the deadline set by President Bola Tinubu, which directs all political appointees under his administration seeking to contest elective offices in the 2027 elections to resign before March 31.
The directive is in line with Section 88(1) of the Electoral Act, 2026, and the timetable released by the Independent National Electoral Commission for party primaries ahead of the 2027 polls.
With this development, more resignations are expected before the March 31 deadline as appointees seeking elective offices move to meet the stipulated deadline.
Earlier today, the Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Mr Nasiru Gawuna, formally resigned from his position to join the African Democratic Congress (ADC) with his sights on the Kano governorship ticket.
Mr Tuggar’s resignation comes amid the speculation of his interest in contesting the 2027 Bauchi State governorship election on the platform of the All Progressives Congress (APC).
The 59-year-old is a seasoned diplomat, policymaker, and political figure who was appointed as minister by President Bola Tinubu in August 2023.
Born on March 12, 1967, he has built a distinguished career spanning diplomacy, politics, energy, and strategic consulting.
He is widely regarded for his role in shaping Nigeria’s global engagement and advancing its foreign policy priorities.
By Aduragbemi Omiyale
The Lagos State government has promised to sustain its collaboration with private sector players to drive sustainable urban development, create jobs, and position Lagos as a leading hub for commerce and industry in Africa.
This assurance was given by the state governor, Mr Babajide Sanwo-Olu, at the commissioning of Irele Tower last Thursday.
The nine-storey facility is the first commercial building within the Lagos Free Zone (LFZ). It is EDGE-certified, which sets a new standard for sustainable workspace in Lekki, Nigeria’s fastest-growing economic corridor.
Irele Tower is designed to host office and retail activities in the Lekki economic corridor. It was built for efficiency with 26 per cent less energy and 46 per cent less water consumption. It is an eco-friendly building, with the design inspired by maritime architecture, reflecting its proximity to the Lekki Deep Sea Port.
Mr Sanwo-Olu described the delivery of the Irele Tower as a significant milestone in the development of the economic zone in line with the agenda of making Lagos a 21st-century economy by boosting economic growth to support the state’s developmental plans.
According to him, the facility is critical to unlocking the full potential of the Ibeju-Lekki axis of the economic zone, particularly given the presence of the Lekki Deep Sea Port and other major industrial investments within the Lagos Free Zone.
“The commissioning of Irele Tower is a clear demonstration of what can be achieved through strong collaboration between the public and private sectors. This development not only enhances the infrastructure profile of the Lagos Free Zone but also strengthens our vision of making Lagos a premier destination for investment and economic activities.
“We will continue to support initiatives that promote industrial growth, create employment opportunities, and improve the overall business environment in our state,” he said.
In her remarks, the chief executive of LFZ, Ms Adesuwa Ladoja, stated that the development reflects the zone’s commitment to creating an integrated ecosystem where businesses can thrive, supported by modern infrastructure, a strategic location, and efficient logistics.
“The commissioning of Irele Tower represents a defining milestone in our journey to build a world-class industrial and commercial hub. This development reflects our commitment to providing high-quality infrastructure that supports ease of doing business and enhances operational efficiency for our tenants.
“As the first commercial tower within the Lagos Free Zone, Irele Tower, sets a new benchmark for quality workspace in this corridor and reinforces our position as a preferred destination for investment and enterprise,” she added.
Irele Tower sits on a gross floor area of approximately 12,000 square metres. It offers modern workspaces tailored to evolving business needs. The facility also offers premium amenities, including office spaces, retail outlets, parking facilities, shared workspaces, and a rooftop cafeteria, creating a dynamic, integrated business environment.
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