Tinubu Endorses $3.1bn AfCFTA Project To Boost Intra-African Trade

President Bola Tinubu has thrown his support behind a $3.1 billion AfCFTA trade facilitation project aimed at strengthening cross-border commerce, reducing trade barriers and accelerating economic integration across Africa. President Bola Tinubu President Bola Ahmed Tinubu has expressed support for the companies behind the $3.1 billion customs modernisation project of the African Continental Free Trade Area…

President Bola Tinubu has thrown his support behind a $3.1 billion AfCFTA trade facilitation project aimed at strengthening cross-border commerce, reducing trade barriers and accelerating economic integration across Africa.

President Bola Tinubu

President Bola Ahmed Tinubu has expressed support for the companies behind the $3.1 billion customs modernisation project of the African Continental Free Trade Area (AfCFTA), describing the initiative as transformative and capable of accelerating economic progress across the continent.

The President gave the endorsement during a recent courtesy visit by Alhaji Saleh Ahmadu, a trade, revenue and security strategist, whose company, Bergmans Security Consultants and Supplies Limited, entered into a 20-year concession agreement with the AfCFTA Secretariat for the project.

The agreement, implemented in partnership with AfriTrade CMP Limited, covers all 55 member states of the continental trade bloc and is focused on modernising customs and strengthening trade facilitation across Africa.

According to a statement by the firm, Tinubu commended Ahmadu for designing and leading the execution of the concession, stressing the importance of efficient customs systems to the success of the AfCFTA and the continent’s economic integration agenda.

The President, who has been implementing far-reaching economic reforms in Nigeria, described the project as transformative, noting its potential to accelerate economic growth and improve trade across African countries.

The AfCFTA is one of the flagship projects of the African Union’s Agenda 2063, the continent’s long-term development framework. It was established to accelerate intra-African trade, strengthen Africa’s position in global markets and create a common framework for trade negotiations.

The continental free trade agreement emerged from a decision adopted by African leaders at the 18th Ordinary Session of the Assembly of Heads of State and Government in Addis Ababa, Ethiopia, in January 2012.

The agreement between Bergmans and the AfCFTA Secretariat is expected to build on the company’s experience with customs modernisation in Nigeria.

Bergmans’ work in Nigeria, particularly its involvement in the Nigeria Customs Service Modernisation Project, provided the foundation for its subsequent engagement at the continental level.

Tinubu commended Ahmadu and Bergmans for their contributions to Nigeria’s trade and revenue ecosystem, saying their efforts had contributed to progress across the trade value chain while strengthening Nigeria’s role in trade facilitation, border security and revenue protection.

Ahmadu’s experience in the sector spans about four decades, during which he has worked as a security consultant and systems acquisition specialist across aviation, national security, cybersecurity and intelligence.

Beyond security consultancy, he has also established businesses involved in various sectors, contributing to employment generation and economic activity in Nigeria.

The $3.1 billion concession, covering the 55 AfCFTA member states, places the customs modernisation project at the centre of efforts to improve the movement of goods and strengthen intra-African

Leave a Reply

Your email address will not be published. Required fields are marked *

About the Author

Precious Scooplounge Founder

Opeyemi Precious

Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full

Search the Archives

Access over the years of investigative journalism and breaking reports