BusinessCover StoryEconomyNewsPolitics

Nigeria Reopens Borders with Niger, Lifts Sanctions

1 Mins read

President Bola Tinubu has directed the immediate reopening of Nigeria’s land and air borders with the Republic of Niger. The directive also includes the lifting of a range of economic sanctions imposed on Niger. This decision aligns with the resolutions made by the ECOWAS Authority of Heads of State and Government at an extraordinary summit held on February 24, 2024, in Abuja.

In a press release from the State House signed by Chief Ajuri Ngelale, Special Adviser to the President for Media and Publicity stated that, “During the summit, ECOWAS leaders collectively agreed to lift economic sanctions against several countries, including the Republic of Niger, Mali, Burkina Faso, and Guinea. Nigeria’s President has now specifically instructed the lifting of sanctions imposed on Niger.

The sanctions being lifted include the closure of land and air borders between Nigeria and Niger, as well as the no-fly zone for commercial flights to and from Niger. Additionally, the suspension of commercial and financial transactions as well as the freeze on service transactions and utility services, including electricity, will be lifted.

Furthermore, assets of the Republic of Niger that had been frozen in ECOWAS Central Banks will be released, along with the unfreezing of assets held by state enterprises and parastatals in commercial banks.

Nigeria’s President has also authorized the lifting of Niger’s suspension from all financial assistance and transactions with various financial institutions, particularly EBID and BOAD. Finally, travel bans on government officials and their family members will be lifted.

In addition to the lifting of sanctions against Niger, President Tinubu has approved the lifting of financial and economic sanctions on the Republic of Guinea.

This decision marks a significant development in regional relations and is expected to enhance trade and cooperation among these West African nations. The reopening of borders and the lifting of sanctions will undoubtedly have a positive impact on the economies of Nigeria, Niger, Guinea, and other countries involved.

Chief Ajuri Ngelale, Special Adviser to the President for Media and Publicity, announced the decision in the press release. The Nigerian government has not yet commented further on the details of the reopening of borders and the lifting of sanctions, but more information is expected to be provided in the coming days.

   

About author
Time Nigeria is a modern and general interest Magazine with its Headquarters in Abuja. The Magazine has a remarkable difference in editorial philosophy and goals, it adheres strictly to the ethics of Journalism by using the finest ethos of the profession to promote peace among citizens; identifying and harnessing the nation’s vast resources; celebrating achievements of government agencies, individuals, groups and corporate organizations and above all, repositioning Nigeria for the needed growth and development. Time Nigeria gives emphasis to places and issues that have not been given adequate attention by others. The Magazine is national in outlook and is currently being read and patronized both in print and on our vibrant and active online platform (www.timenigeria.com).
Articles
Related posts
BusinessCover StoryDevelopmentDiplomatic NewsEconomyForeign NewsMarketsNewsPower and Energy

Ajia Joins Global Leaders at Royal African Society's 125th Anniversary, Advocates Stronger Africa-Global Partnerships

5 Mins read
By Abdulrahman Aliagan with Agency The President and Chief Executive Officer of Funab Group of Companies Limited, Alhaji (Dr.) Ibrahim Mohammed Ajia,…
Cover StoryNewsReligion

ASHRAAF Islamic Foundation Concludes Maiden Qur'an Competition First Stage, Celebrates Young Qur'anic Talents

3 Mins read
“The impressive performances recorded today confirm that our children possess enormous potential when they are properly guided and encouraged. This competition is…
Cover StoryInterview

Why I Am Writing a Book on Ritual Killing of Girls in Nigeria – Sunday Oyinloye

4 Mins read
For more than four years, a Nigerian Journalist and an Author, Sunday Oyinloye has consistently spoken out against the growing menace of…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com