Public Management

Newly constructed 1.5km border bridge to boost trade between Nigeria and Cameroon

Newly constructed 1.5km border bridge to boost trade between Nigeria and Cameroon
Tuesday, 27 July 2021 14:32

Nigeria’s Federal Minister of Works and Housing, Babatunde Fashola, yesterday while inspecting the newly constructed 1.5km bridge on the border between Nigeria and Cameroon said the two-lane bridge will facilitate trade between both countries.

According to reports from the News Agency of Nigeria, the construction of the project worth $35.9 billion started on April 28, 2017, and was completed in March 2021. Funding for the bridge, which is located in Ekot-Mfum, Etung Local Government Area of Cross River, came from both countries.   

“This is the first shoot of the harvest of completed projects proposed as the administration enters the second phase of the second term on its way out, ” said Fashola. “We have had a strong relationship with the Republic of Cameroon in terms of trade and business,” he added.

The minister also pointed out that the Aba, Enugu, and Abakaliki are on the route that facilitates trade in agro-produce, merchandise, and manufactured goods. In the same vein, he said: “Nigeria is now a signatory to the Africa Continental Free Trade Agreement. So, this is infrastructure that positions both nations to take the benefit of the trade that agreement holds. It is really exciting. Looking into the future you can only see more business, more trade, and employment meant for people.”

Cameroon is one of Nigeria’s largest trading partners. According to statistics from the International Trade Centre, Cameroon is the second African partner country, after South Africa, that imports from Nigeria. Despite the disruptions caused by the pandemic, export values from Nigeria to Cameroon grew from $888,690 in 2019 to $1,152,034 in 2020. However, there is still a gap in terms of imports and exports between both countries, Cameroon’s imports from Nigeria fell from $10,906 in 2019 to $4,247 in 2020.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
REGIDESO and Singapore-based EFGH signed a service framework agreement to digitalize revenue collection nationwide. The partnership will develop secure...
Cameroon prioritizes external debt to protect credit standing, delays local payments Domestic repayments to worsen in 2026 as IMF loan payback...
Government seeks CFA3104.2 billion in fresh financing for 2026 Funding need rises by CFA777.7 billion compared with last year Debt risk...
Spending plan reaches CFA8816.4 billion, up 14% from 2025 Special Accounts nearly double after creation of a new women and youth...
Most Read
01

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
02

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
03

Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...

Mauritania Advances Blockchain Policy to Modernize Digital Public Services
04

Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...

Tanzania’s Mobile Money Goes Global: Vodacom Partners with Visa, Alipay, and MTN
05

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations 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.