Nigeria’s President Muhammadu Buhari ordered yesterday Dec 16 the immediate reopening of land borders with Benin, Niger, and Cameroon.
“President Buhari has directed the immediate opening of four land borders: Seme, Illela, Maigatari, and Mfun,” an official tweet by the Presidency indicated. This announcement comes as an end to more than a year of trade tensions between Buhari’s country and its neighbors, especially Benin.
In August 2019, Nigeria closed its land border with Benin to “fight against rice smuggling” and other products from outside that were flooding the Nigerian market. A few days ago, the Nigerian President said this measure was to some extent also aimed at controlling weapon and drug smuggling at borders. “Now that the message has sunk in with our neighbors, we are looking into reopening the borders as soon as possible,” he said.
However, some may believe that this new decision reflects a failure by the government to uphold the protectionist measures undertaken in recent years. If the government wanted to achieve food self-sufficiency through these measures, it’s obvious it missed its target. Rather, not only have the measures had immediate economic consequences, affecting even other countries in the region, notably Togo, they have also led to higher inflation in Nigeria, as commodity prices have soared considerably in the country. By November 2020, inflation had reached 14.9%, its highest level in nearly 3 years.
This border reopening does not guarantee a definitive resolution of trade tensions between the parties. In November 2019, a tripartite Benin-Niger-Nigeria committee was created to find solutions for the reopening of borders between these three countries. For the moment, the latter has not yet made any official comments, in the sense of a definitive solution to avoid the repetition of such a scenario in the future.
Moutiou Adjibi Nourou
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
Funding part of $250 million raise to boost investor confidence Fintech expands services, pr...
A staple of West African cuisine, onions are among the sub-region’s most widely grown horticultural products and a key driver of intra-regional trade,...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
Chad and Algeria sign agreement to study a 20,000 bpd refinery project Chad continues to import large volumes of refined products despite crude output...
South Africa plans to invest $121 billion in rail modernization by 2050. Freight demand exceeds current rail capacity by over 100 million tonnes...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...