From left: Comptroller General, Nigeria Customs Service, Bashir Adewale Adeniyi MFR and General Administration of Customs of the People’s Republic of China, Mr. Wang Lingjun during the signing of the MoU in China.

The Nigeria Customs Service NCS and the General Administration of Customs of the People’s Republic of China GACC have signed a Memorandum of Understanding MoU to boost bilateral relationship for among both countries and enhance economic growth.

Recall that the Comptroller-General of Customs Bashir Adewale Adeniyi MFR on Wednesday, May 8, 2024, led some of his management team to Shenzhen, where he highlighted the significance of engaging in a bilateral affiliation with China, which, according to him, will boost the two countries’ import-export operations and favour the businesses of Medium and Small Enterprise MSMEs in Nigeria.

The CGC appreciated 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, adding, “We know a lot of Nigerian companies and SMEs take advantage of the opportunities aided through e-commerce.”

CGC Adeniyi expressed optimism that the NCS-GACC Memorandum of Understanding will serve as a critical component of cooperative security and trade relationship between the two nation’s Customs agencies, reiterating 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.”

“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”, Adeniyi said.

Meanwhile, the General Administration of Customs Mr. Wang Lingjun, who represented Vice Minister Sun Yuning and signed the MoU on behalf of the People’s Republic of China, expressed satisfaction over CGC Adeniyi’s vision that the affiliation between two agencies will serve as a mechanism for creating opportunities that Nigeria and China would share on a wide range of economic issues and trade facilitation.