In Nigeria, the average time it takes to export goods is around 20 days, while imports take about 30 days. This is according to Roberto Azevedo, Director-General of the World Trade Organization. “The phrase time is money,” he says, “has never seemed more appropriate. If it takes that long to move your goods then it will drive up your costs and you will simply be priced out of the market.” How can Nigerians afford to do business internationally?

The WTO’s Trade Facilitation Agreement (TFA) aims to help “standardize, streamline and speed-up” customs processes around the world, helping to expedite the movement of goods. In January 2017, Nigeria ratified the TFA and Trade Minister Enelamah handed the acceptance instrument to WTO’s Azevedo at Davos. Having met the quorum of required signatories, the TFA is officially in force and now constitutes binding international trade law.

https://etimes.com.ng/happened-g20-summit-wont-stay-key-takeaways-nigeria/