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Nigeria approves $3b automation of Nigeria Customs Service, to be handled by private firm

ZAINAB AHMED

Zainab Ahmed Minister of Budget and Finance

Zainab Ahmed Minister Finance: Nigeria Customs Service to be automated

Nigeria’s Federal Executive Council (FEC) has approved $3.1 billion for the automation of the Nigeria Customs Service (NCS).

Minister of Finance, Zainab Ahmed said the automation will be carried out by a private company at a concessionary period of 20 years.

The roll-out cost of $3billion will be borne by the company.

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NIgeria expects a minimum revenue of $176bn from the arrangement.

The Council also approved the upgrade of safe towers in Lagos, Kano, Abuja and Port Harcourt airports.

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