ABUJA, March 15 (NNN-AGENCIES) — Nigeria’s President Bola Tinubu has lifted all economic sanctions imposed on neighbouring Niger, eight months after a military coup there.
He ordered the immediate opening of borders, the resumption of commercial flights and the supply of electricity to Niger.
Exports including livestock and onions from Niger to Nigeria have dwindled significantly.
Import dependent Niger has suffered the lack of essential commodities, with border communities being the worst hit by these sanctions.
Last month, the West African regional body, Ecowas, agreed to lift economic sanctions against Niger, Mali, Burkina Faso, and Guinea which have all seen military takeovers in the last two years.
Mali, Niger and Burkina Faso had earlier announced they would withdraw from Ecowas after the sanctions were imposed.
Niger’s ousted President Mohamed Bazoum has been detained by the military leaders in Niger since last July’s coup.
Meanwhile, Nigeria has secured $1.3 billion in funding to complete a railway project connecting Kano, the largest city in the north, to Maradi in neighbouring Niger, the Transport Ministry said.
The railway line will build on existing economic and social ties to boost trade and cultural cooperation between the two countries.
Funding will come from a consortium led by the China Civil Engineering Construction Company (CCECC), which will contribute 85 percent of the total, the Transport Ministry said in a statement.
The remaining 15 percent will be covered by the Nigerian government alongside institutions like the Africa Export-Import Bank and African Development Bank (AfDB).
“The securing of $1.3 billion signifies a monumental step forward in the completion of this critical infrastructure,” Transport Ministry spokesperson Jamilu Ja’afaru said.
In July, Portugal’s largest builder Mota-Engil signed a $919 million contract to supply and finance railway rolling stock for the project.
Nigeria’s government has sought to rebuild the impoverished north of the country, parts of which have been ravaged for the past decade by insurgents.
The project is part of a government plan to build rail networks across Nigeria to address the poor transport infrastructure that has stymied economic growth for decades. — NNN-AGENCIES