Nigeria, Benin Republic sign bilateral agreement to strengthen trade ties

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https://neptuneprime.com.ng/2022/05/dangote-cement-set-to-empower-stakeholders-in-value-chain-of-palm-kernel-shell/
Nigeria, Benin Republic flag.

Nigeria, Benin Republic sign bilateral agreement to strengthen trade ties

Nigeria and Benin Republic have agreed to invite the private sector to run the Seme/Krake Joint Border Post to facilitate trade between the two countries and the sub-regional communities.

This is contained in a communique released after the Ministerial Meeting on the Operationalisation of the Seme/Krake Joint Border Post held at the location (Abidjan-Lagos Corridor) by Eric Ojiekwe, Director of Press and Public Relations, Ministry of Transportation.

The two countries also agreed to address the challenges mitigating the smooth operation of the border post.

The challenges, the two countries said, would be addressed within two years.

The two countries also signed a Bilateral Agreement on the Operationalisation of the Joint Border Post by the Minister of State for Transportation,  Sen. Gbemisola Saraki, on behalf of the Nigerian government.

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Meanwhile, her counterpart, the Minister of Economy and Finance,  Romuald Wadagni, signed on behalf of the Republic of Benin.

In October 2018, the Joint Border Post was inaugurated by the Presidents of both countries.

The 17-hectare site was funded by the European and multilateral contributions totaling 18.3 million euros and is equipped with state-of-the-art scanners, a weighbridge, and modern offices for customs and immigration officials.

The Seme-Krake border is one of the major open crossing points established between the Benin Republic and Nigeria.

It is one of the economic ‘lungs’ of the Benin Customs system.

The ECOWAS vehicle insurance and the laissez-passer are important documents.

The border (Juxtaposed Zone) is secured by all units of both national Customs and Police authorities (Benin and Nigeria). Passing goods and trucks must be inspected by the National Police and customs agents.

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