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Home Tech Nigeria: New Trade App To Support Imports And Exports

Nigeria: New Trade App To Support Imports And Exports

by Caroline Vutagwa
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ncs

The Customs Service of Nigeria has unveiled an android and windows App which is meant to digitize the import and export sector.

The Nigeria Trade Hub (NTH) app was initiated and developed by the Nigeria Customs Service (NCS) partnering with West Blue Nigeria. This app was to assist in reducing time and cost of doing trade and business in the country.

NTH provides information about all the Nigerian Regulatory Agencies, processing times, documents, contact details, processes as well as fees that an Importer or Exporter will need to liaise with in order to obtain the obligatory import permits and certificates that required ensuring fulfillment.

The app, in addition, has a searchable Document Library providing all the necessary documents that should be downloaded and are relevant to trade in Nigeria, from Regulatory Documents to Official Publications, Legal Information and Customs Procedures.

The Nigerian Trade Hub app tools include the HS Code Classification Tool; this is a sensitive tool that assists the Importer with the correct classification of their products for both import and export.

Once the trader has obtained the correct HS Code for an importation product, the tool will therefore provide the necessary regulatory information about the product including Regulating Agencies, Control Measures, Prohibition Status, ETLS status depending on the Country of Origin, Document Requirements, Related Duties and Fees and Processing times.

As for export products, the exporter on selection of the Country of Export is presented with the Exportation Country’s Market Access information which includes the relevant HS Code and the rates of duty it will attract upon entry.

Other useful tools include a Duty and Fees Calculator, CPC Code Directory and a Currency Converter. 

 

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