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
Cover StoryCrimeNewsSecurity

Kwara Police Beats, 35 years Old, Abdulquadri to Death in Detention

2 Mins read
One middle aged Jimoh Abdulquadri of Balogun Fulani community, Erubu/Asunnara, Ilorin, Kwara state has reportedly died in police custody in the state….
Cover StorySecurity

NSCDC Tanke Division, Ilorin Hosts Medical Outreach, Security Summit, Awards 

1 Mins read
Emmanuel Kehinde, Ilorin The Tanke Division of the Nigeria Security and Civil Defence Corps (NSCDC), Kwara State Command, on December 20, 2024,…
Cover StoryCrimeDefenceNewsSecurity

YULETIDE: Kwara NSCDC Issues Warning to Vandals of Government Property

1 Mins read
Vandals will face severe legal repercussions, including a 21-year jail term without the option of a fine, in accordance with the8 law…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com