Federal Government unveils trade information portal

THE Federal Ministry of Industry, Trade and Investment, yesterday, launched the Nigeria Trade Information Portal ( NTIP) in fulfillment of the World Trade Organisation’s ( WTO) Trade Facilitation Agreement. In his remark at the unveiling, Minister of Industry, Trade and Investment, Adeniyi Adebayo said the NTIP was an outcome of collaboration with the United Nations Conference on Trade and Development ( UNCTAD), with support from the European Union and German Technical Cooperation.

"As you are aware, UNCTAD commenced the establishment of trade Information portals in three West African countries namely Nigeria, Benin and Mali as a pilot phase in 2016, with a view to assisting developing WTO member countries in complying easily with the WTOTrade Facilitation Agreement.

"Today, it is with great satisfaction that we acknowledge the success of the collaboration between UNCTAD, GIZ, EU and the Federal Government. Our ties have indeed become stronger over the years", he said.

In a statement issued by the Special Assistant to the Minister on Media, Ifedayo Sayo, the Minister said the establishment of an online Information portal which clearly describes import, export and transit procedures is a great step towards the enhancement of transparency, predictability and a mechanism for trade facilitation reforms in Nigeria.