Nigeria’s Trade Crisis: Customs, Smuggling & Influx of Foreigners

Nigeria's trade sector faces significant obstacles, from poor infrastructure and overlapping government agencies to corruption and high costs that limit the growth of SMEs and the nation's global competitiveness. In this episode, Dr. Kayode Farinto, Chairman of the Council for Regulating Freight Forwarding in Nigeria, addresses how Customs and Freight Forwarders are trying to collaborate for better trade facilitation despite mounting revenue pressures. He also raises concerns over the growing presence of foreigners in the freight sector, potential links to increased smuggling, and broader security risks. The conversation also explores the importance of improving roads, ports, and power infrastructure, as well as the potential role of the Cabotage Vessel Financing Fund (CVFF) and the national marine and blue economy policy in strengthening Nigeria’s trade environment. Stay tuned for a critical discussion on Nigeria’s trade future. SUBSCRIBE to our YouTube channel:    / newscentraltvafrica   for more videos Follow News Central on: Facebook:   / newscentralafrica   Twitter:   / newscentraltv   Instagram:   / newscentraltv   LinkedIn:   / feed   Threads: https://www.threads.net/@newscentraltv TikTok:   / newscentraltv   For more content, go to: https://newscentral.africa #NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance