The Nigeria Customs Service (NCS) has signed a Memorandum of Understanding (MOU) with the General Administration of Customs of the People’s Republic of China (GACC) to foster bilateral relationship for the enhancement of economic growth.
The Comptroller-General of Customs (CGC) Adewale Adeniyi led some of his management team to Shenzhen last Wednesday, where he highlighted the significance of bilateral affiliation with China, which, according to him, will boost the two countries’ import-export operations and favour the businesses of MSMEs in Nigeria.
He expressed appreciation to the Vice Minister of the General Administration of Customs of the People’s Republic of China, Wang Lingjun, for showing interest in signing MoU with the NCS. He also applauded the recent exponential rise in the development of e-commerce.
Adeniyi expressed optimism that the NCS-GACC MOU will serve as a critical component of cooperative security and trade relationship between the two Customs agencies
“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,” he said.