Nigeria moves to strengthen trade ties with Benin Republic
Nigeria and the Benin Republic have agreed to invite the private sector to run the Seme/Krake Joint Border Post to facilitate trade between the two countries and the sub-regional communities.
This is contained in a communique released after the Ministerial Meeting on the Operationalisation of the Seme/Krake Joint Border Post held at the location (Abidjan-Lagos Corridor) by Eric Ojiekwe, Director of Press and Public Relations, Ministry of Transportation.
The two countries also agreed to address the challenges mitigating against the smooth operation of the border post.
The challenges, the two countries said, would be addressed within two years.
The two countries also signed a Bilateral Agreement on the Operationalisation of the Joint Border Post by the Minister of State for Transportation, Sen. Gbemisola Saraki, on behalf of the Nigerian government.
Meanwhile her counterpart, the Minister of Economy and Finance, Romuald Wadagni, signed on behalf of the Republic of Benin.
In October 2018, the Joint Border Post was inaugurated by the Presidents of the both countries.
The 17-hectare site was funded by the European and multilateral contributions totaling 18.3 million euro, and is equipped with state-of-the-art scanners, weighbridge and modern offices for customs and immigration officials.
The Seme-Krake border is one of the major open crossing points established between Benin Republic and Nigeria.
It is one of the economic ‘lungs’ of the Benin Customs system.
The ECOWAS vehicle insurance and the laissez-passer are important documents.
The border (Juxtaposed Zone) is secured by all units of both national Custom and Police authorities (Benin and Nigeria). Passing goods and trucks must be inspected by the National Police and custom agents.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
World
Mamdani Threat: Trump says Netanyahu won’t be arrested in U.S.
Mr Trump, in a post on Truth Social on Monday, dismissed New York City Mayor Zohran Mamdani’s threat to arrest the Israeli leader to face prosecution at the International Criminal Court in The
Politics
Gov Aiyedatiwa celebrates Akeredolu’s legacy on posthumous birthday
Governor Lucky Aiyedatiwa has paid tribute to Rotimi Akeredolu on his 70th posthumous birthday.
Economy
Vehicle duty reduction helpful not transformative: Stakeholders
Transport stakeholders say the federal government’s reduction in vehicle import duties has provided modest relief but is yet to transform the transport sector.
Economy
U.S. 50% tariff violates trade agreement, threatens Canada’s sovereignty: Carney
Canadian Prime Minister Mark Carney condemned the U.S. 50 per cent trade tariff, saying it violates the free trade agreement between Canada, America, and Mexico.
Hot news Home top
Husband pays ‘hired killer’ $1,720 advance to murder his wife, mother-in-law
The aggrieved husband wanted his wife killed because she planned to file for divorce.
Anti-Corruption
Agricultural firm Scoular to pay over $10 million to resolve foreign bribery case
Scoular employees communicated about shipments and bribes. In total, Scoular authorised bribes of more than $400,000 and avoided fees and costs of more than $6.5 million.
