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
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on research, feasibility and investment support for SMEs and...
IFC plans to invest up to $52 million in a microfinance group operating in Kenya, Uganda and Tanzania. The funding will support local...
Gabon launched a CFA85 billion ($153 million) bond on the Cemac market, offering 6% over three years and 6.5% over four years. The issuance...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agenda IMF flags debt at 132% of GDP Senegal on...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...

Algeria–Morocco: Will the Gas Pipeline Duel Take Place? (Editorial)
03

Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...

Africa’s Comeback on International Market: Kenya Adds-up to The 2026 Wave of Sovereign Issuances
04

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...

Dangote Sets IPO Timeline for Its $20B+ Nigerian Refinery, Eyes Retail Investors
05

Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...

Guinea's Largest Gold Mine Records 6% Output Rise in 2025
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.