In a significant development, President Bola Tinubu has taken the decisive step of reopening Nigeria’s borders with Niger and lifting all sanctions against the neighboring country.
President Tinubu has issued clear directives for the swift removal of sanctions imposed on the Republic of Niger:
1. Reopening of land and air borders between Nigeria and Niger Republic, along with lifting the ECOWAS no-fly zone on all commercial flights to and from Niger Republic.
2. Resumption of all commercial and financial transactions between Nigeria and Niger, including the unfreezing of service transactions such as utility services and electricity to Niger Republic.
3. Unfreezing of assets belonging to the Republic of Niger in ECOWAS Central Banks, as well as the release of assets held by the Republic of Niger, state enterprises, and parastatals in commercial banks.
4. Reinstatement of Niger’s eligibility for financial assistance and transactions with all financial institutions, with a particular emphasis on EBID and BOAD.
5. Removal of travel bans previously imposed on government officials and their family members.
Additionally, President Tinubu has given the green light for the removal of financial and economic sanctions imposed on the Republic of Guinea. This development marks a significant shift in Nigeria’s diplomatic and economic relations with its West African neighbors. Stay tuned for further updates on this breaking story.
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