Economy
FG may merge NIWA with NPA, stop funding recurrent expenditure of MAN, ORON in a public service reform
Recommendations were made for 263 of the statutory agencies to collapse into 161, a merger of 52 agencies, and the outright expungement of 38 redundant agencies while returning 14 as sub-units In ministries.
Privatise Nigerian Communication Satellite.
The Nigerian Institute of Social and Economic Research is to be funded by a proposed National Research Development Fund.
National Board for Technical Education and the National Commission for Colleges of Education to morph into the Tertiary Education Commission.
The Federal Ministry of Environment and the Department of Petroleum Resources take over the National Oil Spill Detection and Response Agency.
Cut the Directorate of Technical Cooperation in Africa.
Merger the National Council of Arts and Culture with the National Troupe of Nigeria and the National Theatre.
Close down the duplicating National Institute for Cultural Orientation.
Economy
We haven’t stopped Customs, FIRS, NUPRC, others from deducting cost of revenue collection at source – FG
Economy
Le Look Nigeria marks 40 years of ingenious local fabric branded bags on October 1st
Economy
Tinubu orders take-off of National Single Window in Q1 2026
Funso OLOJO
The directive was delivered during Tuesday’s fifth steering committee meeting at the State House, Abuja.
President Tinubu was represented by his Chief of Staff, Femi Gbajabiamila.
Gbajabiamila said the recent Tax Reform Acts, signed into law in June, underscored the urgency of accelerating reforms and pursuing Nigeria’s $1 trillion economy target.
He highlighted the importance of financial and trade reforms in achieving national economic transformation.
“It’s important that we continue to stay focused on this project. So that at the end of the day, we meet our timelines and achieve the results the President expects.
“As you all are aware, the project is one of the transformative initiatives of Mr. President which we collectively must ensure is effectively and commendably implemented,” Gbajabiamila said.
He emphasised the role of a unified electronic platform in simplifying Nigeria’s import and export operations.According to him, the NSW will boost investment and trade revenues, improve transparency, and strengthen Nigeria’s global business credibility.
Gbajabiamila urged all agencies to refine their targets and Key Performance Indicators (KPIs) to meet the Phase 1 deadline.“I do expect that since the last meeting of the steering committee which was held on the 8th April, 2025, all stakeholders have operated and actively progressed with all the required KPIs and set targets to ensure that we go live with phase 1 in Q1 2026 as was previously scheduled,” he said.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun described the progress as encouraging but stressed the need for swift execution.
He urged a shift from strategy to concrete implementation, calling the project complex but transformational.
Edun urged the committee to improve collaboration and resolve final hurdles to meet the rollout timeline.
Minister of Industry, Trade and Investment Jumoke Oduwole also charged the committee to work diligently and meet the Q1 2026 deadline without fail.
Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), thanked the President for consistently supporting the project.
“Thank you on behalf of the steering committee. We thank you for the relentless support that you have given to us.”
“And to all my colleagues here, we can see that the reward for hard work is more work.
“When we started last month, it is now law; the single window is now in the law.”
He asked committee members to stay focused on the mission ahead.
The Director of the National Single Window (NSW) Project, Tola Fakolade, gave a brief overview of the steering committee’s progress toward implementing the project.
“All second quarter 2025 key project milestones have been successfully achieved. And the customisation of the Single window platform has commenced,” he said.
He gave assurances that the committee would meet up with the timelines.
The National Single Window project is a Federal Government initiative to streamline trade processes by creating a centralised electronic platform for importers and exporters.
It is a digital trade facilitation platform expected to accelerate economic growth and facilitate cross-border transactions.
Launched in April 2024, the NSW seeks to consolidate all agencies involved in imports and exports onto a unified electronic portal.
It is expected to reduce trade costs, cut delays, and enhance transparency and efficiency at Nigerian ports.
Committee members include representatives from the Ministry of Trade and Investments, the Ministry of Finance, FIRS, and the Nigeria Customs Service.
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