Automating Form NXP

Through its Non-Oil Exporters Dialogues, the Nigerian Export Proceeds (NXP) Form was identified as a challenge. This was further identified in a study, Exporter Experience Study, commissioned by the workstream.  The problems with the NXP forms ranged from unavailability of the form to a lack of capacity within financial institutions to handle processing of the form as required for export documentation. The TRD Workstream engaged with the EBES on this issue and got commitment to automate the form, which despite the CBN stipulated timeline for processing by authorized dealers of 48 hours had not been happening.