By Abimbola Ogunnaike
The Federal Government has launched an ambitious policy to check infractions in the nation’s import and export value chain, aiming to bridge over $4 billion in losses owing to bureaucratic bottlenecks.
President Bola Tinubu inaugurated the Committee at the Presidential Villa Abuja on Tuesday, 16 April, 20124, incorporating egg-heads drawn from representatives of the Federal Ministry of Finance, representatives of the Marine and Blue Economy Ministry, those of the Federal Ministry of Transportation, the Federal Ministry of Trade and Investment as well as Federal Inland Revenue Service.
The Committee also comprised representatives of the Nigerian Customs Service, Nigeria Sovereign Investment Authority, NSIA, the Central Bank of Nigeria, the National Agency for Food and Drug Administration and Control, NAFDAC, the Standards Organization of Nigeria, the Nigerian Maritime Administration on Safety Agency, NIMASA, Nigerian Ports Authority, NPA, and the Presidential Enabling Business Environment Council, PEBEC.
