Nigeria vs Niger: Economy is being affected

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit
Share on tumblr
Share on skype
Share on telegram
Share on whatsapp

Trade between the two  countries   has   been   hampered  by the recent  closure  of  the  border  between   Nigeria   and  Niger  following   the  military coup that  overthrew   the   government   of  democratically elected  President   Muhammad   Bazoom.   Deputy   Customs   Chief  Bashir  Adenii   recently   said   that  the  current   situation   in   Niger   has   prohibited   visits   to  some  areas.  He said  the Economic Community of West African  States   had   taken  the decision.  In  a recent letter to the Nigerian  Senate,   President   Bora   Tinub   claimed   that   ECOWAS   had   drafted   a   communiqué   against   the   Nigerian   coup.  The letter  states:   “Close  and  monitor  all land borders with the  Republic  of  Niger,   resume  border drilling  exercises,   cut  off electricity  supplies  to the  Republic   of   Niger,   and   mobilize  international support  towards  the implementation of the provisions of the ECOWAS  communiqué,   both   within   and   outside   the   Republic   of   Niger.   block  the operation of commercial and special flights  to   Niger,   especially  goods in transit to  Niger,  especially from Lagos and eastern  ports.”  

The  border   closure  was expected to  affect   bilateral   trade   worth   US$226.34   million.  The International Trade Center estimates that  the  trade  value  between Nigeria and Niger  in   2022   will   be   US$226.34  million. Nigeria purchased  goods  worth  US$33.43  million and exported goods  worth   US$192.91   million  to  Niger.   Borders   between   Nigeria  and other  neighboring   countries   were  partially  closed  in 2019. Trade between the two  countries   fell   78.76%  from  US$85.98  million at the end of  2019  to  US$18.27  million in 2020.  Data  were   obtained  from the  Niger  World Trade Organization and  international   organizations   with   joint   mandates   with  the United  Nations.   According   to  the  United   Nations   Office   for  National  Statistics and  COMTRADE   reports,  Niger  has  dairy products,  bird  eggs, natural honey, edible animal products, raw hides and  hides   (excluding   furs   and   imported   shells),  edible vegetables, and certain  roots.  and  tube.   Trade  was now in  jeopardy   due   to   deteriorating   relations   between   Nigeria   and   Niger.   Niger’s   military   junta   cut   ties   with   Nigeria,   France   and   other   countries   on   Friday   4   August   after  peace  talks  with the Economic Community of West African  States   broke   down. 



Leave a Reply