Public Management

Nigeria’s Buhari orders reopening of borders with Benin, Niger, and Cameroon

Nigeria’s Buhari orders reopening of borders with Benin, Niger, and Cameroon
Thursday, 17 December 2020 14:59

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

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BICEC ranked first in Cameroon for new credit issuance with a 17.60% market share in Q1 2025. Banks increased total new lending by 28.72%...
Benin plans to launch a national financial complaints platform by the end of the first quarter of 2026. OQSF-Benin will manage the platform with...
WAEMU states raised record 11.9 trillion CFA francs in 2025 Bond issuance surged as governments faced rising financing needs Investors increasingly...
Togo projects tax revenue up 10.8% in 2026 budget Taxes to supply over 82% of total state revenue Government relies on taxation as main budget...
Most Read
01

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
02

Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...

Microfinance: Deposits in Togo Rise 2.7% in Second Quarter of 2025
03

Nigerian fintech Paystack launches Paystack Microfinance Bank Bank created after acquiring ...

Stripe-Owned Paystack Enters Nigerian Microfinance Banking Via Acquisition
04

Nigeria granted Amazon Kuiper a seven-year license starting February 2026 The move opens comp...

Amazon wins approval to enter Nigeria’s satellite internet market
05

Tether partnered with the United Nations Office on Drugs and Crime to strengthen digital asset cyb...

Tether and UNODC Launch Digital Asset Cybersecurity Initiative in Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.