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Tinubu congratulates Nigerian firm on $3.1bn AfCFTA customs deal
๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Tinubu congratulates Nigerian firm on $3.1bn AfCFTA customs deal

From Premium Times · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Nigerian President Bola Tinubu congratulated Saleh Ahmadu on a $3.1 billion AfCFTA customs modernization deal.
  • The 20-year Public-Private Partnership will deploy unified digital customs platforms across Africa.
  • The agreement is seen as a major milestone for Nigeria and a boost for indigenous expertise in continental trade.

President Bola Tinubu has lauded Saleh Ahmadu, Chairman of Bergmans Security Consultants and Supplies Limited, for securing a significant 20-year concession agreement with the African Continental Free Trade Area (AfCFTA) Secretariat. This landmark Public-Private Partnership (PPP) is valued at $3.1 billion and focuses on modernizing customs procedures across the continent.

The agreement, officially signed by AfCFTA Secretary-General Wamkele Mene and Saleh Ahmadu, will see Bergmans' subsidiary, AfriTrade CMP Limited, implement the AfCFTA Customs Modernisation Project. The initiative aims to deploy unified digital customs platforms, electronic cargo-tracking systems, non-intrusive inspection technology, and integrated data infrastructure throughout participating African nations. The goal is to enhance efficiency and significantly facilitate intra-African trade.

Nigerian companies can develop and deliver solutions of continental significance.

โ€” President Bola TinubuPresident Tinubu commended Mr Ahmadu and Bergmans for their achievement.

President Tinubu expressed pride in Ahmadu and Bergmans, highlighting their achievement as proof that Nigerian companies can develop and execute solutions with continental impact. He described the agreement as a major milestone for Nigeria and a strong endorsement of the nation's indigenous expertise, especially as Africa strives to create a more integrated and efficient single market.

The 20-year concession is anticipated to bolster customs cooperation, improve cargo visibility, decrease border delays, and actively support the AfCFTA's trade facilitation objectives. This development underscores Nigeria's growing role in driving continental economic integration.

The agreement represents a major milestone for Nigeria and a strong endorsement of indigenous expertise, particularly as Africa advances efforts to establish a more integrated and efficient single market.

โ€” President Bola TinubuThe President commented on the significance of the AfCFTA customs deal for Nigeria and the continent.
DistantNews Editorial

Originally published by Premium Times in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.