The Central Bank of Nigeria approved a temporary measure. This decision allowed importers to use expired NAFDAC licences, the approval addressed challenges in import processes.
Authorities issued the circular on January 27, 2026. Aliyu Ashiru signed it for the Director of Trade and Exchange Department. The measure took effect immediately.
Details of the Approval
CBN directed authorized dealer banks to accept the licences. These documents expired on December 31, 2025. Banks could use them until February 28, 2026.
This two month window applied to Form M processing. Form M served as a key document for imports. Therefore the approval prevented delays in trade.
Reasons Behind the Decision
Importers faced issues with licence renewal. The migration from the legacy Nigeria Integrated Customs Information System II caused problems. The new B’Odogwu platform replaced it.
As a result, validation became impossible after December 2025. NAFDAC needed time to integrate systems with the National Single Window. Additionally, this transition aimed to streamline operations.
Official Notification
The CBN notified banks and the public through the circular. It stated, “The Central Bank of Nigeria wishes to notify all Authorised Dealer Banks and the general public of a temporary dispensation offered by the National Agency for Food and Drug Administration and Control permitting the continued use of NAFDAC licences that expired on 31st December, 2025, for the processing of Forms M for a two-month temporary dispensation ending February 28, 2026.”
Banks received instructions to comply strictly. They had to accept the expired licences within the period.
Broader Context of Digitalization
The Federal Government unveiled the National Single Window in October 2025. Dr. Jumoke Oduwole led the initiative as Minister of Industry, Trade, and Investment. This platform sought to reduce bureaucracy.
Furthermore, it enhanced transparency in trade. Full operations targeted the first quarter of 2026. Moreover the temporary measure supported ongoing reforms.
Impact on Trade Continuity
Importers gained short-term relief from the approval. Disruptions in documentation eased during the transition. However the measure remained limited to the specified window.
NAFDAC granted the dispensation initially. CBN extended it to Form M processes. Thus, businesses maintained operations amid changes.
Future Expectations
Officials anticipated system integration completion soon. The new platform promised efficiency in imports. In addition, it aimed to boost Nigeria’s global trade competitiveness.
Stakeholders monitored the process closely. They ensured smooth adaptation to digital tools. In conclusion, the approval marked a proactive step in trade facilitation.
