Nigeria Customs Afreximbank deepen AfCFTA trade partnership

The Nigeria Customs Service and the African Export-Import Bank have reaffirmed their commitment to a deeper partnership aimed at accelerating trade across Africa and implementing the African Continental Free Trade Area. The agreement was solidified during a working visit by Afreximbank President Dr. George Elombi to Customs Comptroller-General Adewale Adeniyi at the service's headquarters in Abuja.

The meeting focused on expanding joint initiatives to improve customs operations, facilitate cross-border commerce, and dismantle barriers slowing regional economic integration. Adeniyi stated the partnership is anchored on a shared vision that Africa's prosperity depends on increased trade among its own nations. He said collaboration has already delivered progress in modernizing customs procedures and improving the movement of goods.

Adeniyi outlined specific areas for future cooperation, including supporting Afreximbank's regional transit initiatives, fast-tracking the development of one-stop border posts along strategic trade corridors, and encouraging the adoption of international best practices in customs administration. He noted that support from the bank has already contributed...