The Nigeria Customs Service has introduced options for migration from the Fast Track Regime to Fast Track 2.0 as part of the Accelerating Revenue Mobilization Reforms Programme in an effort to increase trade compliance.
The platform also helps trade by allowing traders based on their adherence to regulations and contribution to trade in Nigeria, according to a statement released on Wednesday by Abdullahi Maiwada, the service’s national public relations officer.
“By introducing Fast Track 2.0, the Nigeria Customs Service seeks to streamline trade processes, promote compliance, and create a more productive and rewarding environment for traders,” the official stated.
Maiwada stated that when fully operational, FT 2.0 will encourage traders to follow Customs norms and rules.
“The potential for significant cost savings related to cargo handling and demurrage at the ports is one of the key benefits.
“Traders that are interested in using this facility can apply and access additional information on the website. It is recommended that current traders who are utilizing the previous Fast Track system apply for the new Fast Track 2.0 (FT 2.0),” he said.
