Nigeria and Benin Republic Strengthen Commitment to Cross-Border Trade
The Nigeria Customs Service’s Ogun 1 Area Command reaffirmed its commitment to strengthening cross-border trade with the Benin Republic. This follows a visit to strengthen relations, emphasizing reduced trade barriers and improved customs efficiency. Col. Gado Ibrahim acknowledged the criteria established for resuming trans-border trade at the Igolo border, showcasing cooperative economic intent.
The Nigeria Customs Service (NCS), specifically its Ogun 1 Area Command, has reaffirmed its commitment to enhancing cross-border trade with the Benin Republic. Area Comptroller Mohammed Shuaibu emphasized this commitment in a statement to journalists on Friday, emphasizing the importance of fostering bilateral commerce. This initiative follows a previous courtesy visit by Col. Gado Ibrahim, the regional director of Plateau Customs, to the NCS Idiroko, aiming to strengthen trade relations between the two nations.
During the visit, the Ogun 1 Area Command sought to discuss ways to bolster cross-border trade relations. Shuaibu highlighted that the recent meeting with clearing agents and stakeholders on March 4, 2025, resulted in a consensus to enhance collaboration and promote bilateral trade expansion. Both countries expressed their dedication to reducing administrative barriers and expediting trade processes to improve customs clearance efficiency.
Shuaibu noted that the visit underscored the necessity of improving economic connections, in alignment with the Africa Continental Free Trade Agreement. He reiterated NCS’s aim to foster closer relationships with neighboring countries, promoting economic growth and improving residents’ quality of life.
Col. Ibrahim of Benin Republic acknowledged the multiple meetings held concerning the Igolo border and shared that criteria for resuming extensive trans-border trade had been established. He expressed enthusiasm for the cooperation between the customs services and the potential for future growth and partnerships.
The ongoing commitment to cross-border trade initiatives signifies mutual interests in economic cooperation, benefiting both countries involved.
The renewed commitment between Nigeria and Benin Republic to enhance cross-border trade reflects their intent to strengthen economic ties. Through collaborative efforts and effective customs procedures, both nations aim to lower trade barriers and promote efficient commerce. The establishment of criteria for resuming trade at the Igolo border further signifies progress towards deepening bilateral relations, ultimately fostering economic growth and improving living standards.
Original Source: gazettengr.com
Post Comment