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Nigeria Customs Facilitates ₦136.65tn Exports in 2024

... Launches Air Cargo Corridor to East/Southern Africa

Gbenro Adesina by Gbenro Adesina
May 27, 2025
in Top News
Reading Time: 3 mins read
0
Customs, FMITI Launch Nigeria-East/Southern Africa Air Cargo Corridor Trade Route
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The Comptroller-General of Customs, Bashir Adewale Adeniyi has revealed that Customs facilitated exports valued at ₦136.65 trillion in 2024, a 219.5 percent increase from the previous year.

He added that Q1 2025 exports saw a further 349 percent surge compared to the same period in 2024, underscoring Nigeria’s increasing dominance in regional exports.

Adeniyi stated this during the commissioning of the inaugural Nigeria–East/Southern Africa Air Cargo Corridor held on Sunday, May 25, 2025, at the Nnamdi Azikiwe International Airport, Abuja..

The project executed in collaboration with the Federal Ministry of Industry, Trade and Investment, marked a major milestone in regional trade facilitation and continental integration under the African Continental Free Trade Area (AfCFTA) framework.

Customs target 50% Export Price Reduction as Trade Under AfCFTA Advances

The high-level ceremony featured the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, the Comptroller-General of Customs, Adewale Adeniyi and Ms Adebola Agunbiade, Director of Commercial and Business Development, Federal Airports Authority of Nigeria (FAAN), who represented the Managing Director/CEO, Mrs Olubunmi Kuku.

Speaking, CGC Adeniyi described the flag-off as a strategic breakthrough that aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda and underscores Customs’ leadership in AfCFTA implementation adding, “This is more than a ceremonial handover; it is a gateway to new opportunities for Nigerian businesses and proof that we are ready to lead Africa’s economic transformation through trade.”

He revealed that as part of Customs’ commitment to supporting the trade corridor, the Service has introduced several enabling instruments, including issuing AfCFTA Certificates of Origin, digitalising export processes, and creating dedicated AfCFTA units across Customs commands.

Commending the inter-agency collaboration that birthed the corridor, CGC Adeniyi urged other regional airlines and cargo operators to replicate the model across maritime, road, and rail routes saying, “This corridor must not stand alone. It is a template for future trade networks connecting seaports, airports, and borders for the prosperity of our people.”

He also thanked development partners, including the United Nations Development Programme (UNDP), FAAN, and all logistics stakeholders, for their professionalism and support in executing the corridor stating, “As we flag off this strategic route, we are flagging off a future of innovation, jobs, technology, and inclusive prosperity for the African continent.”.

Minister Oduwole described the initiative as a practical policy action designed to fast-track Nigeria’s economic diversification through export trade pointing out, “We are not just talking diversification, we are implementing it. Today’s launch signifies a turning point for our exporters, especially with the negotiated 50 percent freight rate reduction now in effect.”

She added that the Ministry would continue to support Nigerian businesses in scaling up value-added production and market access under the AfCFTA platform.

The event’s highlight was the symbolic loading and handover of Nigerian export cargo to Uganda Airlines, signifying the operationalisation of the corridor.

The Country Manager of Uganda Airlines, Patrick Ziwa, received the cargo, commending Nigeria’s leadership in air cargo innovation within Africa.

“This is a strong statement by Nigeria to other African nations that regional trade is not just a vision it is already in motion,” Ziwa said.

Following the cargo loading, AfCFTA Certificates of Origin were issued to a group of compliant Nigerian exporters, enabling them to access preferential tariff regimes across the East and Southern African markets.

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Tags: AfCFTABashir Adewale AdeniyiNigerian Customs Service (NSC)Nigeria–East/Southern Africa Air Cargo Corridor
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