Saturday, July 19, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

Zainab Ahmed reveals why initial concession deal for e-customs project was cancelled

Sodiq Lawal Chocomilo by Sodiq Lawal Chocomilo
June 2, 2022
in National
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

Minister of finance, budget and national planning, Zainab Ahmed has revealed why the $3.1 billion contract for automation of the operations of the Nigeria Customs Service (NCS) was rescinded.

The contract was approved by the federal executive council (FEC) in 2020.

Speaking with state house correspondents on Wednesday, the minister said disagreements between partners that formed a consortium for the project delayed its takeoff.

The NCS on Monday signed a concession agreement worth $3.2 billion to digitise its operations.

READ ALSO

Coalition lied about APC turning Nigeria into one-party state – Fashola

Why local govt autonomy is unrealistic – Ex-gov, Fashola

Insecurity: Plateau Govt demands withdrawal of military over failure to stop killings

We’re not part of coalition, Peter Obi’s stance isn’t party’s position – Labour Party

Asked to explain the rationale behind a new e-customs concession agreement, Ahmed said the previous contract was stalled despite the intervention of the government through the office of the attorney general of the federation.

“The e-customs project was approved by the council. And there were some challenges that had to do with disagreements between the concession partners,” the finance minister said.

“Remember that the government was not a partner of the concession, it was a group of different investing parties that came together and formed the consortium.

“The attorney-general and minister of justice has intervened. There were several number of meetings to try to iron out the differences. So it has to do with shareholders, who has what responsibility. And at the end of the day, I think one of the partners in the concession did not agree with the arrangements.

“So the partner that signed was already in the initial concession. So that one party did not agree with the terms that are signed. And there is a new agreement that had been signed and that partner was reported to have opted out of the concession.

“I haven’t seen the report yet but it was reported to have opted out of being in the concession. So there is a new concession agreement that has been committed.”

Earlier, Hameed Ali, NCS comptroller-general, had explained that the NCS will generate $176 billion over the next 20 years through the implementation of the e-customs project.

Ali said the e-customs concession project would ease the cost of doing business, boost revenue, enhance productivity and stop every arbitrariness in the service.

“The $3.2 billion e-customs project to be financed by the Africa Finance Corporation (AFC) and managed by Huawei Technologies Limited under a 20-year concession window, when fully implemented, would quadruple customs’ current N210 billion monthly revenue collection,” Ali had said.

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA

    You’ll be held accountable if Peter Obi is harmed — Obidient movement warns Gov Okpebholo

    July 19, 2025

    Appointments: Tinubu offering northerners consolation prizes, not inclusion — ADC

    July 19, 2025

    NCDC confirms dengue outbreak in Edo, yellow fever in six states

    July 18, 2025

    BREAKING: Awujale of Ijebu, Sikiru Adetona, passes away hours after Buhari’s death

    July 13, 2025

    Discussion about this post

    ADVERTISEMENT
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName