TTP Integrates CBN’s NXP System with Ètò Electronic Call-Up to Streamline Nigeria’s Export Process

Trucks Transit Parks Ltd (TTP) has announced the successful integration of the Central Bank of Nigeria’s (CBN) Nigeria Export Proceeds (NXP) system into its Ètò electronic call-up platform, effective from January 3, 2025. This strategic collaboration involves key stakeholders, including TTP, the Nigerian Ports Authority (NPA), and CBN, aimed at modernizing Nigeria’s export processes and improving operational efficiency at the nation’s ports. The integration ensures that exporters secure an approved NXP application number before they can book consignments for export, aligning with government regulations.

The move underscores a concerted effort between TTP, NPA, and CBN to enhance transparency, efficiency, and overall competitiveness in Nigeria’s export industry. Exporters must now secure final-stage approval before proceeding to export processing, ensuring only verified consignments are shipped. The partnership highlights a shared commitment to improving the country’s export value chain, with technological contributions from TTP playing a pivotal role in this modernization initiative.

The integration is expected to significantly streamline export bookings by minimizing delays at processing terminals. By confirming the status of consignments before they reach the port, the new system prevents unnecessary congestion and ensures that export vehicles complete reloading before heading to the port. This process improvement is set to bolster the efficiency of Nigeria’s export operations and make the country’s ports more secure and competitive.

In addition to operational improvements, the integration will contribute to economic growth by reducing road congestion, as export trucks will now complete their preparations before entering the port. This will improve traffic flow around the export terminals, lower costs, and make the export process more attractive to international business partners, potentially boosting Nigeria’s revenue from exports.

TTP’s Managing Director, Jama Onwubuariri, praised the collaborative effort, highlighting the achievement as a benchmark for technological and regulatory cooperation in Nigeria’s export sector. He emphasized that the integration reflects the company’s commitment to using innovative solutions to address logistical challenges and drive sustainable growth in the nation’s economy.

Source: THIS DAY