Story from Haruna YUSUF, Abuja
Modalities for transitioning from the Fast Track Regime to Fast Track 2.0 (FT 2.0) have been started by the Nigeria Customs Service in partnership with the World Bank under the Accelerating Revenue Mobilization Reforms Programme (ARMOR).
This system, according to the customs spokesperson, CSC Abdullahi Maiwada, aims to reward compliance and facilitate trade by admitting traders based on their adherence to regulations and contribution to trade in Nigeria.
“By introducing Fast Track 2.0, the Nigeria Customs Service aims to streamline trade processes, promote compliance, and create a more efficient and rewarding environment for traders.
“When fully operational, FT 2.0 is expected to encourage traders to comply with Customs regulations and rules. One of the main advantages is the potential for significant cost reductions associated with cargo handling and demurrage at the ports.
“Traders who are interested in taking advantage of this facility can access more information and apply through the website www.fasttrack.nigeriatradehub.gov.ng.
“Existing traders who are currently using the old Fast Track system are advised to apply to the new Fast Track 2.0 (FT 2.0),” Maiwada stated.
