By Sabiu Abdullahi

The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MoU) with the General Administration of Customs of the People’s Republic of China (GACC) to enhance bilateral trade and economic growth. 

Comptroller-General of Customs (CGC) Adewale Adeniyi, who led a management team to Shenzhen, China, on May 8, 2024, noted the significance of the partnership, stating, “The relationship will create a cooperative mechanism for NCS and the GACC to collaborate on supply chain security standards and enhance the economic stability of both nations.” 

CGC Adeniyi expressed optimism that the MoU will boost import-export operations and benefit Micro, Small, and Medium-sized Enterprises (MSMEs) in Nigeria.

He also showed the exponential rise in e-commerce development, saying, “We know a lot of Nigerian companies and SMEs take advantage of the opportunities aided through e-commerce.” 

Representing Vice Minister Sun Yuning, Mr. Wang Lingjun of the General Administration of Customs signed the MoU on behalf of China and praised

CGC Adeniyi’s vision for the partnership, stating that it will create opportunities for Nigeria and China to collaborate on a wide range of economic issues and trade facilitation. 

The CGC appreciated the interest shown by China in signing the MoU and acknowledged the significant trade volume between the two nations, saying, “China is making the biggest trade in Nigeria, and the basic context of International Trade is ‘your export is our import’.” 

This development is expected to strengthen trade relations between Nigeria and China, promoting economic growth and cooperation between the two nations.

ByAdmin

Leave a Reply

Your email address will not be published. Required fields are marked *