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President Tinubu Targets $4bn Annual Savings From Reduced Bureaucracies
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President Tinubu Targets $4bn Annual Savings From Reduced Bureaucracies

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President Bola Tinubu on Tuesday said Nigeria stands to benefit about $2.7bn annually by implementing the Single Window Project.

He added that the project will spare the nation at least $4 billion a year that would have been lost to convoluted bureaucracies and corruption that impeded trade efficiency.

This was made public by Tinubu during the launch of the National Single Window project, a new digital trade compliance programme, in the Council Chamber of the State House in Abuja.

A cross-government website called the Single Window project would help with trade by providing a single gateway through which Nigerian and foreign trade actors can access a comprehensive array of information and standardised services from various Nigerian authorities.

The initiative, Tinubu said, would expedite cargo movement and optimise inter-African trade, thereby facilitating $2.7bn worth of annual paperless trade.

While noting that the economy can no longer stomach $4bn annual losses, the Nigerian leader directed the Presidential Steering Committee on the National Single Window Project to “Dismantle all block webs” in the way of trade efficiency.

This way, Nigeria would join the ranks of Singapore, Korea, Kenya and Saudi Arabia which have experienced significant improvement in trade efficiency after implementing a single window system, the president argued.

He affirmed, “We cannot afford to lose an estimated $4bn annually to red tape, bureaucracy, delays and corruption at our ports.

“The benefits of this initiative are immense. The paperless trade alone is estimated to bring an annual economic benefit of around $2.7bn US dollars.

“Countries like Singapore, Korea, Kenya and Saudi Arabia have already seen significant improvement in trade efficiency after implementing Single Window Systems. It is time for Nigeria to join their ranks and reap the reward of a streamlined, decentralised trade process.”

Tinubu lamented that although Nigeria has immense potential – having been blessed with people of resilience, creativity, and unwavering spirit of enterprise – “for far too long, our economic growth has been hindered by the complexities and inefficiencies in our trade processes.”

“Today, we say that there should be no more,” he assured.

He described the national single window as a game changer that will revolutionise the conduct of trade in the country, “by simplifying government trade compliance through a digital platform, we will unlock the doors to economic prosperity and all other opportunities.”

The President also noted that the National Single Window will prevent revenue leakage and facilitate effective trade.

“By doing so, we will create a more transparent, secure and business-friendly environment that will attract investment and spur economic growth,” he added.

He assured the newly inaugurated steering committee of his full support admitting that implementing the National Single Window “will not be an overnight process.”

“It requires dedication, collaboration and a phased approach. But I assure you, my fellow brothers and sisters, that we are fully committed to seeing this project through.

“We will work tirelessly to ensure its success by engaging all partner agencies and stakeholders to create a system that works for every one of us,” Tinubu stated.

The President charged the committee to get rid of any obstacles in their way, expressing his readiness to listen to new ideas to make the initiative succeed.

“Dismantle all block webs along your way. I will be ready to listen to conversations, your discoveries, to any problem-solving areas that will make the Single Window a big success,” he remarked.

Tinubu who serves as the Chairperson of the ECOWAS Authority of Heads of State argued that the Single Window Project transcends Nigeria.

Therefore, by linking its system with those of other African nations, “we will expedite cargo movement and optimise inter-Africa trade,” he said.

He called on all Nigerians to embrace the initiative with open arms appealing, “Let us work together as one nation to make the National Single Window a resounding success.”

“This initiative is a testament to our commitment to regional integration and our belief in the power of collaboration.

“Let us show the world that Nigeria is ready to take its rightful place as one of the leaders in global trade,” the President urged.

Briefing State House correspondents afterwards, Managing Director of the Nigerian Ports Authority, Bello Koko, affirmed that imports would be cleared at all seaports within 24 hours, even though it takes 72 hours in neighbouring countries.

Koko said the Single Window initiative will cut back the amount of paperwork involved in transactions for import and export as the relevant government agencies will now share information through a unified platform.

“So, for clearance, the target is 24 hours. Of course, we know what is obtainable in neighbouring countries, it’s 48 to 72, but the target is actually 24 hours,” he asserted.

Koko said key shipment details such as type, year of manufacture, Form M, and cargo weight, among others will be unified for seamless sharing across government agencies.

He explained, “So, we are trying to unify this information in such a way that you fill as little as possible and all related government agencies that are in the value-chain of import or export processing, should be able to pick the information they need from there. So, you can see the picture here. We are reducing the current numbers.

“The second thing is it’s not going to be printed. So, the efficiency it brings here is that you can fill it in your bedroom and your offices.

“Shipping lines, freight forwarders, Nigerian Customs, NPA and so on should be able to process your requests, whether it’s in terms of import or export. That is the target.”

Mr. Tola Fakolade is the head of the project secretariat. Members include representatives of the Federal Ministry of Finance, Marine and Blue Economy, the Federal Ministry of Transportation, the Federal Ministry of Trade and Investment, the federal Inland Revenue Service, the Nigerian Customs service and representatives of the Nigeria Sovereign Investment Authority.

Others are representative of the Central Bank of Nigeria, National Agency for Food and Drug Administration and Control, Standards Organisation of Nigeria, Nigerian Maritime Administration on Safety Agency, Nigerian Ports Authority and Presidential Enabling Business Environment Council.

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JUST IN: Atiku Abubakar Declares ADC Membership

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Former Vice President Atiku Abubakar has formally joined the African Democratic Congress (ADC).

Atiku made the announcement on Monday through his X account, where he posted a photograph showing his ADC membership card and added the caption, “It’s official.”

His move to the ADC follows his departure from the Peoples Democratic Party (PDP) in July.

 

More to come…

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Paystack Sacks Co-Founder Ezra Olubi Amid Sexual Misconduct Allegations

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The Co-Founder and former Chief Technology Officer of Paystack, Ezra Olubi, has confirmed that he has been dismissed from the company. He stated in a release issued on November 24, 2025, that the decision was taken prematurely and contrary to internal procedures.

His dismissal followed an earlier suspension approved by the Paystack Board of Directors after his name appeared in widespread online reports alleging sexual misconduct. The company, acquired by Stripe in 2020, had previously indicated that an independent investigation had been launched into the allegations.

The situation intensified around November 12, 2025, when claims of sexual misconduct involving a subordinate began circulating on social media. The development coincided with renewed public attention on several sexually explicit and inappropriate tweets he posted between 2009 and 2013, which triggered backlash and raised questions about the company’s governance.

Following the online reactions, the Board suspended Olubi from his duties around November 14, 2025, pending the outcome of the probe. At the time, Paystack reiterated that it treats such issues “extremely seriously” and would not release more details in order to preserve the integrity of the investigation.

Olubi said in his first public comment since the suspension that he was notified of his dismissal on November 22, 2025. He claimed the action was taken “before the supposed investigation was concluded, and without any meeting, hearing, or opportunity for me to respond to the issues raised.”

He described the move as a “clear contravention of the terms of the suspension and Paystack’s own internal policies.”

Olubi said he had cooperated fully with the Board throughout the process and explained that his earlier silence was intended to avoid influencing the inquiry. He said this allowed “assumptions and misrepresentations to spread without challenge.”

He maintained that the actions and materials circulating online “do not reflect my conduct or the way I have lived my life,” adding that he has consistently upheld “everyone’s dignity and safety.”

Olubi confirmed that his legal representatives are now “reviewing the process that led to my purported termination” to determine whether it aligns with internal company rules. He said his team “will take the steps they consider appropriate,” adding that he will not provide further comments for now.

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Killings, Abductions Politically Motivated To Make Tinubu Fail — Orji Kalu

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Senator Orji Kalu, a former governor of Abia State, has attributed the recent spate of killings and abductions in Nigeria to political motivations. He said the violent attacks targeting various parts of the country were orchestrated by politicians aiming to destabilise the administration of President Bola Tinubu. Kalu claimed that the sponsors of these attacks intend to make Tinubu fail in the same manner as former President Goodluck Jonathan. He did not, however, disclose the identities of the alleged sponsors.

Speaking on Channels Television’s Sunday Politics, Kalu described the incidents as a recurring pattern associated with election periods. He said, “What we are seeing is always a routine, something that goes with the elections, and when you have an election, people will try to pressure the government in power for all kinds of things to start happening. And you can remember when President Jonathan was here, a similar thing happened. They put a lot of pressure on the President. And the terrorists and the bandits are orchestrated by some members of the international community and local people who really want to destabilise the government.”

Kalu further emphasized that the recent wave of attacks is part of political manoeuvring during elections, saying, “And the terrorists and the bandits are orchestrated by some members of the international community and local people who really want to destabilise the government.” Despite the challenges, the senator affirmed that President Tinubu has demonstrated capability in managing the security situation.

“But I’m sure you can see that President Tinubu is equal to the task; for the first time, you see the president cancelling all his engagements. Today is Sunday, and he faced security challenges. He faced everything about security,” Kalu stated. He added that the abducted girls would be recovered, noting that “the government is making every effort to make sure these people are recovered, and it’s because of a few announcements internationally and locally, talking about Nigeria’s insecurity. I’m sure it’s not the best of times for us. It’s not a very good time for Nigerian people and Nigerian citizens. Our service chiefs, our security operatives have gone fully on duty to see what they can do.”

The former governor also linked the increase in attacks to recent remarks by US President Donald Trump concerning killings in Nigeria. Kalu asserted that the intelligence community is aware of those responsible. He said, “For the past few months, we have been quiet on President [Donald] Trump talks about people being killed in Nigeria, and you can see people talk about the 2027 election this and that, and you can see these are all about politics, but we’re equal to the task. The Federal Government will move to challenge these people. These people are partially missionaries bought by politicians. These people are people bought by individuals. These people are people centred to destabilise the President who is ready to fight for our economy, that is ready to revamp the economy that’s been trying his best to see what he can do.”

On whether President Tinubu was aware of the situation, Kalu said, “The President is the president of Nigeria, and the president of Nigeria has a lot of information around him.” He added that Tinubu has been losing sleep over the security challenges facing the nation but praised the President’s decision to withdraw police officers attached to VIPs, describing it as a prudent measure.

Kalu also said that international collaboration, particularly with the United States, would be beneficial for addressing insecurity in Nigeria. “We need to work together with the United States of America. We need that partnership,” he stated.

The senator’s comments come amid a series of violent incidents across Nigeria. Gunmen kidnapped 25 schoolgirls from the Government Girls Comprehensive Secondary School, Maga, in Kebbi State, resulting in the death of the vice principal. Over 300 schoolchildren were also abducted from St. Mary’s Catholic Primary and Secondary Schools in Papiri, Niger State, although 50 of them managed to escape. Additionally, gunmen attacked the Christ Apostolic Church (CAC), Oke-Isegun in Eruku, Kwara State, killing three people and abducting 38 worshippers, all of whom have since been released, according to the Kwara State Government.

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