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IMF Backs Nigeria’s Single Window Trade Project Amid Economic Reforms

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with a delegation from the IMF Fiscal Affairs Department, led by Marco Antonio, Technical Assistance Advisor for Revenue Administration 2, to discuss the ongoing Single Window Project.

A statement from the Ministry of Finance on Wednesday highlighted that the IMF expressed strong support for the initiative, which aims to streamline trade processes, boost government revenue, and improve the ease of doing business in Nigeria. Antonio commended the project, along with other reforms, and asked how the IMF could further assist in ensuring its successful implementation.

Edun assured the delegation that the project is progressing well, with necessary approvals in place, a dedicated team on board, and a structured implementation plan. He emphasized the initiative’s potential to stimulate export growth, especially as Nigeria moves toward achieving 1.2 million barrels of oil production per day.

Describing the project as a transformative tool for the economy, Edun reiterated the government’s commitment to its success, pointing to the strategic leadership of President Tinubu and the support of the Nigeria Customs Service as crucial factors in its execution.

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