Nigeria Customs, China sign MoU on economic growth and foster relationship
The Nigeria Customs Service has signed a Memorandum of Understanding with the General Administration of Customs, People’s Republic of China, to foster bilateral relationships and enhance economic growth.
This was contained in a statement on Sunday by the National Public Relations Officer, NCS, Abdullahi Maiwada.
According to the statement, the Comptroller-General of the NCS, Adewale Adeniyi, signed the MoU when he led a management team of the service to Shenzhen metropolis of China.
Speaking during the visit, Adeniyi appreciated the Vice Minister of the Chinese General Administration of Customs, Wang Lingjun, for showing interest in signing the agreement.
Adeniyi explained that the new MoU with China “would boost the countries’ import-export operations and favour the Micro, Small and Medium Enterprises in Nigeria,”
“We know a lot of Nigerian companies and Small and Medium Enterprises take advantage of the opportunities aided through e-commerce,” Adeniyi added.
He expressed optimism that the agreement would serve as a critical component of cooperative security and trade relationship between the two countries.
“The relationship would 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 said.
According to him, these are some of the many reasons the NCS 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, 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,” the CGC said.
Earlier, Lingjun, who was represented by Sun Yuning, while signing the MoU, expressed satisfaction with Adeniyi’s vision.
Lingjun added that the affiliation between the two government agencies “would serve as a mechanism for creating opportunities that Nigeria and China share on a wide range of economic issues and trade facilitation.”
