Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Crime
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Energy/Fuel
    • Events
    • Freight & Trading Weekly
    • Imports and Exports
    • Infrastructure
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Skills & Training
    • Social Development
    • Sustainability
    • Technology
    • Trade/Investment
    • Webinars
  • 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.

Views differ about improved port performance

Logistics

Into June, the combined average for all terminals heralded a compliance rating of 80%.

19 Jun 2025
0 Comments

Transport evolution: a driver of international economic growth

Infrastructure
Logistics
Technology
Trade/Investment

John Rammutla of WSP points out that even the best-laid plans can fail without funding.

19 Jun 2025
0 Comments

MSC consortium in race against time to land MK Hutchison deal

Logistics
Trade/Investment

The acquisition will exclude operations in Hong Kong, although Hutchison’s HQ is located in the city state.

19 Jun 2025
0 Comments

Gauteng pothole mobile app speeds up repairs

Road/Rail Freight
Technology

Road maintenance is gaining ground as the public embrace the application to report potholes.

19 Jun 2025
0 Comments

DFFE installs new harbour signage in Western Cape

Infrastructure
Logistics

The initiative is part of a plan to revitalise infrastructure and boost coastal economic activity.

19 Jun 2025
0 Comments

Tankers on fire after Iran-Israel signal-jamming collision

Sea Freight
18 Jun 2025
0 Comments

Box ship blaze ‘partially contained’ – more than a week later

Sea Freight

The fire erupted following an explosion in one of the containers on the vessel.

18 Jun 2025
0 Comments

Increased tech vigilance necessary to prevent on-board infernos

Sea Freight
Technology

According to DNV, the number of maritime safety incidents increased by 42% since 2018.

18 Jun 2025
0 Comments

India intensifies legal action over ship fire incidents

Sea Freight

The directive follows a complaint lodged by a local trading company over cargo losses.

18 Jun 2025
0 Comments

Shipping industry backs ocean monitoring drive

Sea Freight

Some 10 000 ships will collect weather and ocean surface data as part of a new global initiative.

18 Jun 2025
0 Comments

IMO chief calls for action after UN Ocean Conference

Sea Freight

Biofouling, marine plastic litter and underwater radiated noise control came under the spotlight at the event.

18 Jun 2025
0 Comments

Sars clamps down on illegal fuel trade

Crime
Energy/Fuel

Adulterated fuel containing 68% paraffin has been detected during investigations.

18 Jun 2025
0 Comments
  • More

FeatureClick to view

Road & Rail 27 June 2025

Border Beat

Forum tightens net against border corruption
25 Jun 2025
Police clamp down on cross-border crime
17 Jun 2025
Zim's anti-smuggling measures delay legitimate freight operations
06 Jun 2025
More

Poll

Has South Africa's ports turned the corner?

Featured Jobs

New

Sea Export Controller (In-house)

Tiger Recruitment
East Rand
30 Jun
New

Export Controller

Lee Botti & Associates
Durban
30 Jun
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us