• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Business

Customs sign “e-Customs concession” agreement with China’s Huawei to generate $176 billion in 20 years 

William Ukpe by William Ukpe
May 31, 2022
in Business
Re-introduction of excise duty on non-alcoholic drinks will cause N1.9 trillion revenue loss – MAN
Share on FacebookShare on TwitterShare on Linkedin

The Nigeria Customs Service (NCS) revealed that the implementation of the e-customs project will generate $176 billion in 20 years.

This was disclosed by the Comptroller-General, retired Col. Hameed Ali, on Monday in Abuja during the signing of the e-Customs concession agreement between the NCS, Africa Finance Corporation (AFC), and China’s Huawei Technologies Limited.

He also revealed that the concession would alleviate the cost of doing business and boost productivity for the service,

RelatedStories

NCS

Nigeria Customs refutes payment claims for Form M migration to B’Odogwu platform 

July 12, 2025
NCS

Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters 

July 6, 2025

What they are saying

Ali said, “The $3.2 billion e-Customs project is being financed by the Africa Finance Corporation (AFC) and managed by Huawei Technologies Limited under a 20-year concession window. When fully implemented, it would quadruple Customs’ current N210 billion monthly revenue collection. 

  • “We will be making $176 billion within the next 20 years. 
  • “I appreciate our partners, Huawei Technologies Limited. We had to go to China a couple of times, and today we are going to become fully digitized. 
  • “I thank the AFC for financing this project on behalf of all Nigerians. The success of this project will be on the global map. We are going to hit the ground running. 
  • “The journey has been long and torturous, but we’ve eventually signed the dotted lines. I want to appreciate the Infrastructure Concession Regulatory Commission (ICRC) for the commitment to see the project to fruition.” 
  • Meanwhile, the Acting Director-General of ICRC, Mr. Michael Ohiani, says the project is a migration from analogue to digital. “We urge the concessionaire to stick to the rules of engagement as we will be monitoring the project every step of the way,” he said.
  • Alhaji Saleh Ahmadu, Chairman, Trade Modernisation Project Limited (TMPL) and project chairman of the concession, said: “As the concession period begins, we wish to assure Nigerians that the revenue target of 176 billion dollars for the Federal Government will be achieved, if not surpassed. 
  • “More importantly, we are excited about the real economic benefits for the country, in terms of business growth for exporters and import-dependent businesses. 
  • “Others are improving global supply chains, enhanced industrial capacity utilization and creation of employment opportunities.’’

Follow us for Breaking News and Market Intelligence.
Tags: e-Customs concession agreementNCSNigeria Customs Service
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

NCS
Business News

Nigeria Customs refutes payment claims for Form M migration to B’Odogwu platform 

July 12, 2025
NCS
Business News

Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters 

July 6, 2025
Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos 
Business News

Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos 

June 24, 2025
Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 
Business News

Customs intercepts N3.6 billion worth of donkey skin meant for illegal export in Owerri 

June 24, 2025
Nigerian Custom service
Business News

Customs generate over N15bn in four months in Ogun – Controller 

May 16, 2025
NCS
Business News

Nigeria Customs generates N1.75 trillion in Q1 2025, surpassing target by N106.5 billion

April 22, 2025
Next Post
Bitcoins outperforms Nigerian Stocks by 60% in first quarter of 2023

Nigeria's Bitcoin P2P surge by 25% in 180 days amid falling naira   

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • Climate change threatens global data centres, may cause billions in damages—Report  
  • Air Peace aircraft skids off runway after landing at Port Harcourt airport 
  • Weekly Market Wrap: Banks drive the Nigerian stock market to a 7-week winning streak as ASI jumps 4.26% 

Follow us on social media:

Recent News

Climate change threatens global data centres, may cause billions in damages—Report  

Climate change threatens global data centres, may cause billions in damages—Report  

July 13, 2025
Air Peace aircraft skids off runway after landing at Port Harcourt airport 

Air Peace aircraft skids off runway after landing at Port Harcourt airport 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

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

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics