Nigeria plans to modernise its trade borders
By the AFREEQUE newsroom, based on Businessday
The Nigeria Customs Service and the African Export-Import Bank are studying a regional programme to modernise borders and facilitate trade with Benin and Cameroon. The discussions cover infrastructure, digital systems and harmonising procedures, according to Abdullahi Maiwada, deputy spokesman for Nigeria’s customs service.
The Nigeria Customs Service, the Nigerian customs administration, and Afreximbank, the African Export-Import Bank, are studying a regional border-modernisation programme to reduce delays in cross-border trade and speed up cargo processing, reports Businessday. The project brings together the customs administrations of Nigeria, Benin and Cameroon and is intended to strengthen Nigeria’s participation in the African Continental Free Trade Area.
Assessments carried out on the corridors between Nigeria and Benin, and between Nigeria and Cameroon, identified inadequate infrastructure, an unstable electricity supply, poor connectivity and weak coordination between services, according to Businessday. These difficulties are slowing operations at border crossings.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
