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Monday, July 22, 2024

BREAKIG: FEC approves $3.1 billion for automation of Nigeria Customs

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

Nigeria’s Minister of Finance, Zainab Ahmed disclosed this at the end of the FEC virtual meeting in Abuja on Wednesday.

According to her, the concessionary period is 20 years and the funding is from investors with the revenue expected from this automation pegged at $176bn.

Details later…

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