Nigerian and Chinese Custom's services sign MoU designed to increase trading volumes

NIGERIAN Customs Service (NCS) officials gave signed a memorandum of understanding (MoU) with the General Administration of Customs of China (GACC) designed to enhance trading activities between both nations.

NCS spokesman Abdullahi Maiwada, said the deal was signed on behalf of Nigeria by Adewale Adeniyi, the comptroller-general of the NCS who was accompanied on the trip to Shenzhen by several members of his management team. According to Mr Maiwada, this deal will boost import-export operations between the two countries and enhances the businesses of small and medium enterprises in Nigeria.

At the signing, Mr Adeniyi lauded the GACC vice minister Wang Lingjun, for showing interest in signing the MoU with the NCS. He also applauded the recent exponential rise in the development of e-commerce, adding that they know a lot of Nigerian companies and SMEs take advantage of the opportunities aided through e-commerce.

Mr Adeniyi expressed optimism that the NCS-GACC MoU will serve as a critical component of cooperative security and trade relationship between the two nation’s Customs agencies. He  reiterated that the relationship will create a cooperative mechanism for NCS and the GACC to collaborate on supply chain security standards and enhance the economic stability of both nations.

He added: “These are some of the many reasons why Nigeria Customs Service pays attention to what is happening in China. As you have said, China is making the biggest trade in Nigeria and the basic context of international trade is your export is our import. I appreciate the numbers that you gain in Nigeria but it is also common knowledge that those numbers sometimes must take account of the large volume of informal trade that exists between us.”

Mr Wang Lingjun of GACC who represented Mr Yuning and signed the MoU on behalf of the People’s Republic of China, expressed satisfaction over Mr Adeniyi’s vision. He added that the affiliation between the two agencies will serve as a mechanism for creating opportunities that Nigeria and China share on a wide range of economic issues and trade facilitation.