HomeBusinessNigeria’s Customs PPP becomes model for $3.1bn AfCFTA modernisation project

Nigeria’s Customs PPP becomes model for $3.1bn AfCFTA modernisation project

Nigeria’s Customs Modernisation Project has been adopted as the model for a $3.1 billion customs modernisation programme under the African Continental Free Trade Area (AfCFTA), placing a Nigerian-developed technology solution at the centre of efforts to digitise customs operations across the continent.

The AfCFTA Secretariat recently signed a 20-year concession agreement with Bergmans Security Consultants and Supplies Limited, the parent company of Trade Modernisation Project (TMP), to deploy the customs modernisation solution across about 50 member countries serving a market of about 1.3 billion people.

The Infrastructure Concession Regulatory Commission (ICRC) said the adoption of Nigeria’s model demonstrates how public-private partnerships (PPPs) can be used to deliver infrastructure and technology solutions beyond national borders.

Jobson Ewalefoh, director-general of the ICRC, said the development represents the export of a Nigerian-developed solution to the rest of Africa.

“Africa is not just adopting a piece of technology. Africa is adopting a Nigerian idea,

This post was originally published on this site.

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