Comprehensive reforms are necessary to enhance transparency and streamline customs processes.
A recent U.S. government report has criticized Nigeria for persistent trade barriers and systemic corruption at its ports, highlighting significant impediments to international commerce and economic growth.
The report underscores inefficiencies in customs procedures, excessive physical inspections, and longstanding import prohibitions that contribute to delays and increased costs for businesses.
These challenges are not new. The World Trade Organization (WTO) has previously urged Nigeria to review its customs procedures, noting that the high rate of physical inspections and import restrictions could exacerbate food insecurity and deter private sector investment.
Efforts have been made to address these issues. In 2022, Nigeria, in collaboration with the Convention on Business Integrity (CBi) and other stakeholders, received the Basel Institute on Governance’s “Outstanding Achievement in Collective Action Award” for initiatives aimed at reducing corruption at seaports. These initiatives reportedly decreased the cost of ship berthing from $150,000 to $20,000 per vessel.
Despite these strides, the U.S. report emphasizes that more comprehensive reforms are necessary to enhance transparency, streamline customs processes, and eliminate trade barriers to foster a more conducive environment for international trade.