The Comptroller-General of Customs, Bashir Adewale Adeniyi, has called for the adoption of the Nigeria First initiative as a cornerstone for enhancing cross-border trade and safeguarding national security. He made this call while delivering a keynote lecture at the Obafemi Awolowo University Muslim Graduates\u2019 Association (UNIFEMGA) annual conference in Ile-Ife, Osun State, on Saturday, 10 May 2025.<\/p>\n
Speaking on the topic \u201cCross-Border Trade and Security Implications on the Nigerian Economy: Taking Advantage of Global Trade Dynamics\u201d, CGC Adeniyi emphasised the need for strategic alignment between trade facilitation and security imperatives. He revealed that Nigeria\u2019s trade value surged to \u20a6196.94 trillion in 2024, marking a 179.3% increase over the previous year despite persistent security threats across various borders.<\/p>\n
\u201cNigeria’s economic prosperity hinges delicately on our ability to strike an optimal balance between security imperatives and trade facilitation,\u201d he said.<\/p>\n
Highlighting the achievements of the Service, the CGC disclosed that the NCS collected a record \u20a66.1 trillion in revenue in 2024, exceeding its target by 20.2%. He described the feat as a testament to the Service\u2019s resilience and innovation in a complex operating environment.<\/p>\n
The CGC dissected region-specific security challenges and their implications on trade. In the Northeast, the insurgency continues to disrupt established trade corridors. However, he noted that collaborative initiatives such as the World Customs Organisation\u2019s Project Securit\u00e9 par Collaboration (SPC++) have provided alternative trade mechanisms suited for conflict-affected areas.<\/p>\n
In the Northwest, he pointed to the impact of banditry and kidnapping on mining operations, stressing the urgent need for integrated regulatory and security strategies. He added that cattle rustling in Northern Nigeria has crippled the livestock value chain, affecting associated industries like meat processing and leather production.<\/p>\n
Turning to the Southeast, the CGC cited disruptions caused by secessionist movements, particularly on manufacturing hubs in Aba, Onitsha, and Nnewi. In the Southwest, he described the smuggling of petroleum products, arms, and restricted goods as a significant threat, disclosing that contraband valued at \u20a635.29 billion was intercepted in 2024 alone, with an additional \u20a67.7 billion worth seized in Q1 2025.<\/p>\n
He said, \u201cThese regional security challenges present Nigeria with a choice: remain trapped in a cycle of reactive responses or transform our hard-earned expertise into strategic advantage within the AfCFTA framework.\u201d<\/p>\n
The CGC explained that the Nigeria First initiative has already taken root within the Service\u2019s operations, particularly through the procurement of locally assembled vehicles. \u201cAll operational vehicles purchased by the Nigeria Customs Service this fiscal year were sourced from Nigerian auto plants,\u201d he said, noting that the move was a deliberate step to support domestic industries and conserve foreign exchange.<\/p>\n
Looking ahead, CGC Adeniyi unveiled a three-tier roadmap for securing and optimising border trade. Immediate interventions include the modernisation of key border posts such as Seme-Krake (Benin), Jibia-Maradi (Niger), and Mfum-Ekok (Cameroon). Medium-term plans involve the creation of secure trade corridors equipped with surveillance and rapid-response mechanisms, while long-term strategies focus on establishing Special Economic Zones around border communities.<\/p>\n
He also addressed global trade disruptions, citing the recent 14% reciprocal tariff by the United States on Nigerian non-oil exports as a wake-up call for market diversification. He urged the business community to leverage the $3.4 trillion African Continental Free Trade Area (AfCFTA) opportunity and embrace innovations such as the Pan-African Payment and Settlement System (PAPSS), which allows intra-African trade using local currencies.<\/p>\n
\u201cThrough systematic application of these principles, Nigeria can establish itself as the secure gateway to West African markets, leveraging security investments to strengthen our economic position in regional and global trade,\u201d the CGC concluded.<\/p>\n
The lecture was delivered in the presence of prominent dignitaries, including the Governor of Osun State, His Excellency Senator Ademola Adeleke; the Ooni of Ife, His Imperial Majesty Oba Adeyeye Enitan Ogunwusi; and the Vice Chancellor of Obafemi Awolowo University, Professor Adebayo Simeon Bamire.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Comptroller-General of Customs, Bashir Adewale Adeniyi, has called for the adoption of the Nigeria First initiative as a cornerstone for enhancing cross-border trade and safeguarding national security. He made this call while delivering a keynote lecture at the Obafemi Awolowo University Muslim Graduates\u2019 Association (UNIFEMGA) annual conference in Ile-Ife, Osun State, on Saturday, 10 […]<\/p>\n","protected":false},"author":2,"featured_media":7791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-7790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/7790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=7790"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/7790\/revisions"}],"predecessor-version":[{"id":7792,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/7790\/revisions\/7792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/7791"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=7790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=7790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=7790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}