FG Launches Portal to Facilitate Trade Reforms

The Federal Ministry of Industry, Trade and Investment has launched the Nigeria Trade Information Portal in compliance with the World Trade Organisation Trade Facilitation Agreement.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, at the launching said the NTIP was outcome of a collaboration with the United Nations Conference on Trade and Development with support from the European Union and German Technical Cooperation.

“As you are aware, UNCTAD commenced the establishment of trade Information portals in three West African countries namely Nigeria, Benin and Mali as a pilot phase in 2016, with a view to assisting developing WTO member countries in complying easily with the WTO-Trade Facilitation Agreement.

He said, “Today, it is with great satisfaction that we acknowledge the success of the collaboration between UNCTAD, GIZ, EU and the Federal Government. Our ties have indeed become stronger over the years”.

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In a press release issued by the Special Assistant to the Minister on Media, Ifedayo Sayo, the minister said the establishment of an online information portal was step towards the enhancement of transparency, predictability and a mechanism for trade facilitation reforms in Nigeria.

“NITP is not only a tool to enhance transparency (in accordance with Article 1of the WTO-TFA) but also to identify bottlenecks and unnecessary administrative constraints and also to drive the expected reforms for trade facilitation.

“Establishment of NITP is a major breakthrough for automation of trade procedures in Nigeria. It is important to state that Trade Information Portals in some pioneer countries have contributed in building trust between various stakeholders,” he added.

Additionally, the minister highlighted some of the key features of the portal to be “a content management system where all texts, colours, pictures and logos of the public interface can be modified, procedures and all corresponding data can be registered and updated, menus can be organised and administrative rights can be easily configured from password protected administrative interface. System administration requires no computer expertise and can be mastered after a few hours of training.”