Nigeria and the Republic of China have deepened their security and trade alliance as the Customs administrations of both nations signed a Memorandum of Understanding (MoU) to foster bilateral relationship.
The Nigeria Customs Service (NCS) signed the MoU with the General Administration of Customs of the People’s Republic of China (GACC) on Wednesday when the Comptroller-General of Customs (CGC) Adewale Adeniyi led some of his management team to Shenzhen, China.
Adeniyi highlighted the significance of knotting bilateral affiliation with China, which he expressed optimism to boost both countries’ import-export operations and favour the businesses of 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.”
Adeniyi posited 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.”
Mr Wang Lingjun of the General Administration of Customs, who represented Vice Minister Sun Yuning, and signed the MoU on behalf of the People’s Republic of China, expressed satisfaction with Adeniyi’s vision.
Lingjun stressed that the affiliation between the national agencies will serve as a mechanism to create opportunities for Nigeria and China to share on a wide range of economic issues and trade facilitation.
