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
The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...
Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...
Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...
Ethiopia agreed in principle with investors holding over 45% of its $1 billion eurobond due 2...
Heirs Energies acquires M&P’s 20% Seplat stake for $496M, exiting french group Maurel & Pro...
Rwanda ranks first in Africa in the World Bank’s Business Ready 2025 with a score of 67.94. Benin and Senegal enter Africa’s Top 10 for the first time...
Acumen closed a $250 million blended-finance raise for off-grid electricity in sub-Saharan Africa. The H2R Amplify debt fund reached $180...
Ivory Coast expects a new government after the prime minister and cabinet resigned following December 27 legislative elections. The ruling RHDP won...
West African Resources produced 205,228 ounces of gold at Sanbrado in 2025, within its guidance range. Total Burkina Faso output from Sanbrado and...
The Sundance Institute selected three African films from more than 16,000 submissions across 164 countries. The 2026 festival will run from January 22...
Organizers opened submissions for the sixth Annaba Mediterranean Film Festival from Jan. 8 to Feb. 28, 2026. The festival accepts feature films, short...