The federal government plans to cut port operation costs by 25% through the implementation of the National Single Window (NSW) system.
This was announced by the Minister of Marine and Blue Economy, Adegboyega Oyetola, at a stakeholders’ forum in Lagos on Tuesday.
Nigeria’s ports are among the most expensive in West Africa, with costs reportedly 40% higher than in neighboring countries due to delays and inefficiencies.
These challenges result in an annual revenue loss of ₦2.5 trillion.
The NSW system aims to address these issues by improving transparency, streamlining operations, and reducing delays.
Efforts to modernize port infrastructure are also underway, starting with Apapa and Tin Can Island Ports.
The government is working to integrate road, rail, and inland waterways to improve connectivity and reduce transportation costs.
Additionally, the Nigerian Ports Authority has acquired new equipment to enhance operations, including tugboats and mooring facilities.
Private sector collaboration is being encouraged to develop new ports and infrastructure.
Plans to establish a National Flag Carrier through a public-private partnership are also in progress to boost employment and revenue.
The NSW system, which provides a unified electronic platform for trade transactions, is expected to simplify procedures and align Nigeria’s ports with international standards.
The government’s goal is to position Nigeria as a major maritime hub in West Africa.
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