Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Africa
Imports and Exports

Improved data holds the key for Nigeria’s trade hub ambitions

10 Jan 2024 - by Staff reporter
 Source: Brookings Institute
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

Nigeria’s President Bola Tinubu has reiterated his country’s plans to turn itself into a hub of export and import activities in West Africa.

He made the announcement during the 2023 Comptroller-General of Customs Annual Conference recently.

In his address, Tinubu stressed the need for the integration of complex data to interpret the patterns of transactions and interactions in international trade.

He hinted at plans by his administration to address what he termed historical inadequacies of policymaking that were thwarted by a lack of comprehensive data in Nigeria.

He lamented the lack of comprehensive data, saying it had been "a technological affliction" that has hindered the growth trajectory of Nigeria and the continent, impeding the ability to make informed governance decisions.

The President, who was represented at the conference by his deputy, Vice President Kashim Shettima, noted that the grand vision of his administration is to deploy data to make sound government decisions.

Shettema said:  "Even before we were given this mandate, we knew that every facet of our lives is interwoven with data.

“We must not only commit to deploying data to make decisions within the government but also address the historical inadequacies of Nigerian policymaking, often impeded by a lack of comprehensive data.

“Our current governance landscape demands a transformative intervention, and the solution is what has brought us together today.

"Our ambition extends beyond accumulation; it extends to transformation. We aspire to position Nigeria as the preferred destination for all stakeholders involved in export and import activities overseen by the Customs."

Observing that the benefits of comprehensive data go beyond determining revenue generation, he said: "Data provides the sharpest lens for us to connect the dots, even in establishing the security of our borders.

“We can easily determine the traffic of people and goods around a specific border and share indisputable information with other nations with just a punch on our computers.

Shettema assured delegates that Nigeria remains resolute in its belief that it is unequivocally on track not only to accumulate terabytes of factual surveys but also to establish a robust public service system that upholds data integrity at its core.

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Saudi Arabian operator evaluates Port of Durban investment

Logistics

The brownfield development opportunity in Maydon Wharf spans 145 hectares and features 15 berths.

08 May 2025
0 Comments

Preferred bidders for Port of RB’s South Dunes Precinct announced

Logistics

TNPA said it forms part of its masterplan for ports in KwaZulu-Natal.

08 May 2025
0 Comments

Shipyard turns to humanoids to sail ahead

Logistics

This move is seen as a significant step in the industry’s push towards automation.

08 May 2025
0 Comments

AD Ports group signs Suez Canal deal

Imports and Exports

The company has committed $120 million for the initial development and feasibility studies.

08 May 2025
0 Comments

Drones strike Port Sudan

Imports and Exports

The city’s port and airport precinct have been targeted in the attacks over the past four days.

08 May 2025
0 Comments

RFA Convention to spotlight freight solutions

Logistics

Transport sector leaders will focus on resolving burning issues facing the industry at the upcoming conference.

07 May 2025
0 Comments

Sea freight under fire from trade war

Sea Freight

The outlook for container shipping was even more uncertain now than it was at the onset of the Covid virus.

 

07 May 2025
0 Comments

Illicit trade hits South Africa’s state capture-eroded fiscus hard

Economy
07 May 2025
0 Comments

Danish line rolls out IoT platform

Sea Freight

Maersk has implemented a new digital connectivity platform aboard its fleet for cargo tracking.

07 May 2025
0 Comments

Vietnam US exports surge as ‘conduit cargo’ from China floods in

Imports and Exports

US trade officials have repeatedly warned Vietnam to crack down on transshipment practices.

07 May 2025
0 Comments

Gemini consistently more punctual – Sea-Intelligence

Sea Freight

The platform reports Gemini’s all arrivals (AA) rate for the first quarter of 2025 as 90.3% and 85.7% for trade.

07 May 2025
0 Comments

US holds fire on Red Sea rebels after Oman-brokered talks

Sea Freight

The Houthis reportedly informed the US administration that they “don’t want to fight anymore."

07 May 2025
0 Comments
  • More

FeatureClick to view

Sea Freight May 2025

Border Beat

The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
Border police turn the tide on illegal crossings
29 Apr 2025
More

Featured Jobs

New

Estimator (Airfreight Imports)

Tiger Recruitment
East Rand
12 May
New

Estimator

Switch Recruit
Cape Town
12 May
New

Sales & Marketing Assistant

Lee Botti & Associates
Johannesburg - North
12 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us