Nigeria Reopens Borders and Relaxes Sanctions on Republic of Niger in Line with ECOWAS Resolutions
- Katsina City News
- 13 Mar, 2024
- 915
In adherence to the decisions made during the extraordinary summit of the ECOWAS Authority of Heads of State and Government held on February 24, 2024, in Abuja, President Bola Tinubu has issued directives for the reopening of Nigeria's land and air borders with the Republic of Niger, alongside the removal of various sanctions imposed on the country.
The ECOWAS leaders reached a consensus to lift economic sanctions on several nations, including the Republic of Niger, Mali, Burkina Faso, and Guinea.
As per President Tinubu's directives, the following sanctions imposed on the Republic of Niger will be immediately lifted:
1. Border Closure: The closure of land and air borders between Nigeria and Niger Republic, as well as the ECOWAS no-fly zone on all commercial flights to and from Niger Republic, will be lifted.
2. Commercial Transactions: Suspension of all commercial and financial transactions between Nigeria and Niger, as well as the freeze of all service transactions, including utility services and electricity to Niger Republic, will be lifted.
3. Asset Freeze: Freeze of assets of the Republic of Niger in ECOWAS Central Banks and freeze of assets of the Republic of Niger, state enterprises, and parastatals in commercial banks will be lifted.
4. Financial Assistance: Suspension of Niger from all financial assistance and transactions with all financial institutions, particularly EBID and BOAD, will be lifted.
5. Travel Bans: Travel bans on government officials and their family members will be lifted.
President Tinubu has also given the green light for the lifting of financial and economic sanctions against the Republic of Guinea, marking a significant step towards regional cooperation and stability.
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