The Federal Ministry of Industry, Trade and Investment on Monday, in Abuja, inaugurated the Nigeria Trade Information Portal, NTIP, in fulfilment of World Trade Organisation, WTO, trade facilitation agreement.

The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, described the portal as an outcome of collaboration with the United Nations Conference on Trade and Development, UNCTAD, with support from the European Union, EU, and the German Technical Cooperation.

The minister said that the online information portal, which clearly describes import, export and transit procedures, was a great step toward the enhancement of transparency, predictability and a mechanism for trade facilitation reforms in Nigeria.