The Nigeria Customs Service (NCS) has successfully issued its first Pre-Arrival Assessment Report (PAAR) under the B’Odogwu Unified Customs Management System, marking a significant milestone in its commitment to technology-driven trade reforms.
This development follows a strategic engagement between the Comptroller-General of Customs, Bashir Adewale Adeniyi, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, where both institutions reaffirmed their commitment to seamless trade processes, enhanced revenue collection, and improved financial integration .
Key Features of the B’Odogwu System:
Modernized Customs Operations: Designed to replace the Nigeria Integrated Customs Information System (NICIS II), B’Odogwu aims to enhance efficiency in trade documentation and strengthen inter-agency collaboration.
Streamlined Customs Procedures: The system is expected to facilitate trade and reduce transaction costs, promoting economic growth and development.
Nationwide Rollout: The issuance of the first PAAR under B’Odogwu marks the beginning of a nationwide rollout, with the NCS committed to completing all necessary approvals and integrations with financial institutions.
Benefits of the B’Odogwu System:
Enhanced Transparency: The system will promote transparency in customs processes, reducing the risk of corruption and ensuring compliance with regulations.
Improved Trade Facilitation: B’Odogwu will enable seamless foreign exchange transactions and trade-related payments, facilitating trade and economic growth.
Increased Efficiency: The system is designed to streamline customs procedures, reducing clearance times and increasing the efficiency of trade operations.
The NCS, under the leadership of Comptroller-General Bashir Adewale Adeniyi, appreciates the support of all stakeholders and urges the trading community to embrace the B’Odogwu platform for more efficient, transparent, and technology-driven customs processes.
