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Home Economy Nigeria Customs Service Initiates Fast Track 2.0 For Rewarding Compliance
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Nigeria Customs Service Initiates Fast Track 2.0 For Rewarding Compliance

By
Abdullahi Maiwada
-
May 31, 2023
Hammed Ibrahim Ali Customs Boss
Hammed Ibrahim Ali Customs Boss

Nigeria Customs Service Initiates Fast Track 2.0 For Rewarding Compliance

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). This system aims to reward compliance and facilitate trade by admitting traders based on their adherence to regulations and contribution to trade in Nigeria.

Read Also:

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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.

When fully operational, FT 2.0 is expected to encourage traders to comply with Customs regulations and rules. One of the main advantages is the potential for significant cost reductions associated with cargo handling and demurrage at the ports.

Traders who are interested in taking advantage of this facility can access more information and apply through the website www.fasttrack.nigeriatradehub.gov.ng. 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).

ABDULLAHI MAIWADA
Chief Superintendent of Customs
National Public Relations Officer

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Reciprocity, Key to Global Relations, Says Ex-Minister GambariEconomic Confidential to Host 3rd Public Lecture, Unveil Books on Nigeria’s Economic FutureOPHK Troops Neutralize Scores of Terrorists in Borno and Yobe StatesPolice Neutralise Kidnappers, Arrest Suspects, Recover Arms in Nationwide CrackdownPolice Raid Bandits’ Camps, Recover Arms, Arrest Suspects in BenueArewa Economic Forum Chairman Loses MotherLuanda Summit: AUDA-NEPAD Taps AI, Green Bonds as it Launches Marketplace for Africa’s Infrastructure PushFlood Alert: Heavy Rains Threaten 7 Nigerian States this Weekend August 24-24NAF Eliminates Over 35 Terrorists at Assembly Point Near Cameroon BorderPolice Arrest 65-Year-Old Arms Trader, Suspected Chinese Illegal Miner in AnambraCustoms Consolidates Reforms as Reputation Campaign Wraps Up in Zone ‘D’Navy Dismantles Illegal Refining Site in BayelsaIs Zacch Adedeji Building Bridges for Nigeria’s Revenue Future? By Yushau A. ShuaibMattress of Terror: Can Nigeria Ever Be Truly Secure? By Haroon Aremu AbiodunArewa Consultative Forum Engages Influencers to Amplify Northern Identity
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