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Nigeria Customs Service Initiates Fast Track 2.0 For Rewarding Compliance

In its bid to provide proper accountability and due diligence at various boarders in the country,
the Nigeria Customs Service in collaboration with the World Bank under the Accelerating Revenue Mobilization Reforms Program (ARMOR), has initiated the modalities for migration from Fast Track Regime to Fast Track 2.0 (FT 2.0).

National Public Relations Officer of the Nigeria Customs Service, Abdullahi Maiwada, made this known in a statement issued to the press on Wednesday, 31st May, 2023 in Abuja, the Federal Capital Territory (FCT).

According to Maiwada, this newly introduced system aims to reward compliance and facilitate trade by admitting traders based on their adherence to regulations and contribution to trade in Nigeria.

He further stated that “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.”

Maiwada said “When fully operational, FT 2.0 is expected to encourage traders to comply with Customs regulations and rules.”

According to him, “One of the main advantages is the potential for significant cost reductions associated with cargo handling and demurrage at the ports.”

THE NCS PRO however enjoined traders who are interested in taking advantage of this facility to access more information and apply through the website www.fasttrack.nigeriatradehub.gov.ng while 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 stressed.

By Ajibola Adedoye

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