President Bola Ahmed Tinubu has congratulated a Nigerian company after it secured a major contract from the African Continental Free Trade Area (AfCFTA) Secretariat to provide a customs-related digital infrastructure project valued at about $1 billion.
The President described the development as an important demonstration of the growing capacity of Nigerian businesses to compete for major opportunities on the African continent.
The project is expected to support the modernisation of customs operations and facilitate trade across African countries. It is also seen as part of wider efforts to reduce barriers to intra-African trade and improve the efficiency of cross-border transactions under AfCFTA.
Tinubu welcomed the recognition of Nigerian expertise, saying the success of the company demonstrates the potential of the country’s private sector when supported by an environment that encourages innovation and investment.
The President has consistently promoted the use of technology and private-sector investment as important components of Nigeria’s economic transformation agenda.
The AfCFTA agreement seeks to create a single continental market for goods and services and increase trade among African countries. A major challenge to achieving that objective, however, has been the existence of different customs procedures, border restrictions and administrative barriers.
The digital customs project is expected to contribute to addressing some of these challenges by improving the way customs processes are managed and facilitating more efficient movement of goods across borders.
For Nigeria, the award is significant because it places a local company at the centre of a major continental initiative. It also highlights the growing role of Nigerian technology and service providers in Africa’s digital transformation.
Economic analysts say contracts of this nature can create opportunities for Nigerian professionals, technology companies and other businesses involved in logistics, customs, software development and digital infrastructure.
The project is also expected to support greater transparency and efficiency in customs administration while reducing delays that can increase the cost of moving goods between African countries.
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Tinubu urged Nigerian businesses to continue exploring opportunities created by AfCFTA and other continental initiatives. He said the country’s entrepreneurs should be encouraged to develop solutions capable of competing internationally.
The President’s commendation comes as the Federal Government continues to promote Nigeria as a major economic and technological hub in Africa.
Stakeholders in the private sector welcomed the development, describing it as an encouraging sign for Nigerian businesses seeking to expand beyond the domestic market.
The award is therefore being viewed not only as a major commercial achievement for the company involved but also as an opportunity to demonstrate Nigeria’s capacity to contribute technology and expertise to the implementation of AfCFTA across the continent.
