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Tinubu hails AfCFTA nod for Nigeria’s Customs reform; celebrates Bergmans’ multi‑billion‑dollar win

Tinubu hails AfCFTA nod for Nigeria’s Customs reform; celebrates Bergmans’ multi‑billion‑dollar win

From Vanguard · () English

Summarized and contextualized by DistantNews.

At a glance

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  • President Bola Tinubu praised Nigeria's customs modernization program and the selection of Bergmans Security Consultant and Supplies Limited for a 20-year, multi-billion-dollar AfCFTA Customs Modernization Project.
  • Bergmans' subsidiary, AfriTrade CMP Limited, will implement the project, which aims to modernize customs operations across the continent.
  • This recognition highlights Nigeria's growing influence and commitment to enhancing trade facilitation within Africa.

President Bola Tinubu has lauded the international recognition of Nigeria's customs modernization initiative. He specifically celebrated the selection of Bergmans Security Consultant and Supplies Limited, a Nigerian-owned company, to lead a significant 20-year, multi-billion-dollar African Continental Free Trade Area (AfCFTA) Customs Modernization Project.

Bergmans will execute this ambitious project through its subsidiary, AfriTrade CMP Limited. The initiative is set to install and implement advanced customs modernization systems, signaling a major step forward in streamlining trade processes across the continent. This development underscores Nigeria's commitment to fostering economic integration and enhancing trade efficiency within the AfCFTA framework.

The President's commendation highlights the growing continental acknowledgment of Nigeria's efforts in customs reform. The multi-billion-dollar project represents a substantial investment in modernizing trade infrastructure and is expected to yield significant benefits for businesses operating within the AfCFTA.

DistantNews Editorial

Originally published by Vanguard. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.