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Customs deepens U.S. trade ties, unveils unified dispute mechanism to boost investor confidence

newspegonline24 by newspegonline24
February 13, 2026
in News
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Customs deepens U.S. trade ties, unveils unified dispute mechanism to boost investor confidence
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By Nkechi Eze

The Nigeria Customs Service (NCS) has taken a decisive step toward strengthening investor confidence and deepening trade relations between Nigeria and the United States following a high-level stakeholder engagement with the American business community in Lagos.

The meeting, held on Thursday, 12 February 2026 at Eko Hotel and Suites, Victoria Island, brought together the Comptroller-General of Customs, Bashir Adewale Adeniyi, senior Customs officers, executives of American companies and key industry stakeholders under the platform of the American Business Council.

The engagement focused on trade facilitation, dispute resolution, regulatory reforms and policy strategies aimed at improving Nigeria’s investment climate and eliminating operational bottlenecks that have historically slowed business processes.

Addressing participants at the forum, the Comptroller-General described stakeholder engagement as a critical pillar of modern customs administration, stressing that consistent dialogue with the private sector has proven instrumental in resolving longstanding disputes and fostering mutual trust.

“Stakeholder engagement is one of the major pillars of any modern Customs administration. We have realised that when we address issues in a mutually beneficial manner, everybody becomes a winner,” Adeniyi said.

He pointed to the recent resolution of a seven-year classification dispute involving a Council member as a clear demonstration of what sustained communication and institutional responsiveness can achieve.

In a move widely seen as a major reform milestone, the Customs boss also announced the introduction of a unified dispute resolution mechanism designed to streamline procedures, reduce delays and lower the cost of resolving trade-related conflicts. The initiative, he explained, is part of broader modernisation efforts within the Service aimed at aligning Nigeria’s trade processes with global best practices.

Adeniyi reaffirmed the Service’s commitment to transparency, predictability and reform-driven administration, noting that the engagement forms part of a broader strategy to deepen partnerships with international business communities while enhancing trade facilitation and economic growth.

“This engagement forms part of the Nigeria Customs Service’s broader strategy to deepen partnerships with international business communities while enhancing trade facilitation and economic growth,” he stated.

In her remarks, the Executive Secretary of the American Business Council, Margaret Olele, commended the NCS for sustaining open communication with the private sector and taking practical steps to resolve trade concerns affecting member companies.

“We are seeing positive outcomes from these engagements, including the resolution of long-standing issues affecting our members. While not every concern can be resolved immediately, sustained dialogue helps balance national interests with the need for an efficient business environment,” Olele said.

Industry stakeholders at the forum expressed optimism that the strengthened collaboration between the Nigeria Customs Service and American investors would not only improve ease of doing business but also reinforce Nigeria’s position as a preferred destination for foreign direct investment.

The latest engagement underscores the Service’s determination to reduce red tape, institutionalise transparency and build confidence among international partners at a time when Nigeria is seeking to expand trade flows and accelerate economic diversification.

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