World Bank, others partner Nigerian Customs to accelerate trade through PCA

By Ezurike Ugochukwu

The Nigerian Customs Service (NCS), is partnering World Customs Organisation (WCO), world Bank Group (WBG), and the International Monetary Fund (IMF),in implementing a robust Post Clearance Audit(PCA) mechanism to facilitate trade compliance and increase revenue.

The five days workshop on PCA started in Abuja last Monday 7, October and will be concluded on Friday 11 October, 2024.

The Comptroller-General of Customs (CGC), Adewale Adeniyi, in his speech at the opening ceremony expressed gratitude to the WCO, WBG, and IMF for their invaluable contributions to the PCA reform efforts.

The Nigeria Customs Service (NCS), is partnering World Customs Organisation (WCO), world Bank Group (WBG), and the International Monetary Fund (IMF),in implementing a robust Post Clearance Audit(PCA) mechanism to facilitate trade compliance and increase revenue.

The CGC represented by the Assistant Comptroller-General of Customs in charge of Tariff and Trade, Adekunle Oloyode, stated that the workshop improvement trade compliance, facilitation of legitimate trade and securing revenue.

Maintained it establish robust PCA, which complements the Authorised Economic Operator (AEO) programme. According to him, both initiatives are critical to strengthening the compliance framework and advancing the trade facilitation efforts of the Service.

“PCA plays a vital role in ensuring compliance in international trade and safeguarding national revenue long after goods have exited Customs control,” he said.

The CGC emphasised that the ability to conduct effective post-clearance audits enables the NCS to detect and prevent commercial fraud, recover lost revenue, and enhance trade facilitation. He noted, “PCA serves as a vital tool in balancing trade facilitation with compliance.”

CGC Adeniyi also disclosed that a strong PCA framework fosters a secure trading environment, ultimately facilitating smoother international trade.

Highlighting the significance of online virtual sessions, he added, “They provide real-time insights and knowledge sharing, allowing us to address specific challenges and implement the best practices around the globe, helping to innovate NCS PCA processes.”

Outlining the key areas of the workshop, the CGC stated, “The focus includes risk management, targeting, developing data-driven methodologies to identify high-risk transactions, creating detailed audit plans for efficient execution, capacity building, leveraging international expertise and technology, among others.”

He urged participants to apply what they learned to strengthen the Service’s PCA system and protect national revenue.

Assistant Comptroller-General of Customs, Suleiman Chiroma from the Strategic Research and Policy Department of NCS, emphasised that PCA is a tool that ensures the smooth running of Customs processes by introducing measures, methods, and various approaches for seamless transactions. He remarked, “Collaboration with these organisations is key to the survival and success of the NCS.”

Also speaking, World Customs Organisation expert, Russell Clark expressed his appreciation for the collaboration and commended the NCS’s dedication to improving its processes in facilitating trade.