The Ministry of Industry, Trade and Investment has reaffirmed the government’s commitment to reduce the cost of transporting goods and services by air, land, and sea to boost production across the country.
The minister, Jumoke Oduwole, made the disclosure during a ministerial briefing organised by the Ministry of Information and Cultural Orientation recently in Abuja.
Oduwole also confirmed ongoing efforts to improve tariff schedules, ensuring that products can move freely across different payment systems.
She said the ministry was working with the Nigeria Customs Service and the Nigeria Immigration Service to streamline procedures, rules, and value chains for trade facilitation.
According to her, the ministry is also focused on making Nigeria an attractive investment destination, which requires a conducive environment and favourable tariffs.
She stated that these efforts would ensure faster delivery of goods and services, reduce costs, and expand the country’s global trade reach.
“We are exploring direct cargo freight across Africa for our traders because Nigerians engage in significant trade. This will help bring them together.
“We aim to lower cargo freight costs. That is one of the key initiatives the ministry is undertaking to fulfil our mandate.”
