Nigerians Now Allowed To Use The Cotonou Port Following A New Agreement.

The CMA-CGM vessel carried 411 TEUs of transshipment cargo destined for Cotonou [Nigerian Ports].

The CMA-CGM vessel carried 411 TEUs of transshipment cargo destined for Cotonou [Nigerian Ports]

1.Nigeria and the Benin Republic agreed to allow Nigerian importers to clear goods at Cotonou port.

2. The joint agreement is aimed at reducing smuggling and strengthening commercial ties.

3. The agreement is expected to enhance trade facilitation and customs cooperation in West Africa.

According to the Nigerian Customs Service (NCS), an agreement has been reached with its neighboring country, Benin Republic to permit importers to clear their goods from the port in Cotonou.

At the conclusion of a two-day working visit by the director-general and senior officials of the customs service of the Benin Republic, Adewale Adeniyi, acting comptroller-general of the NCS, addressed the audience in Abuja on Tuesday.

According to Adeniyi, the meeting's objectives were to reduce smuggling and improve commercial ties between Nigeria and the Benin Republic. In response to inquiries on the port's opening, Adeniyi stated that customs would make sure that proper procedure was followed.

“We are building confidence in the system offered by the Republic of Benin, our importers are using their ports and vice-versa. If there are people in the Benin Republic who want to use our ports, we try to build trust in our systems,” the director general stated.

“And by virtue of this agreement, what it means is that Nigerian importers willing to use the ports in Cotonou can have their goods cleared in those ports because there would be an opportunity for them to pay duties on goods that are liable for payment of duties. We can account for the duties on those goods in the ports of arrival. So they will now be free to enter Nigeria” he added.

The acting comptroller-general spoke on the subject of smuggling, saying that other items are also smuggled in addition to automobiles. “It goes beyond vehicles. Any goods arriving in Cotonou ports, duty can be accessed and payment can be made and from there, it comes into the Nigerian territory,” the director general continued.

“It is just like what happens when goods come in through Lagos or Port Harcourt; it is pretty much the same. But we have not got there. We have agreed in principle that we can operationalize this. So the steps that we are going to take to get us to that particular destination is what we are going to be working on. It was mentioned in the communique that we are going to establish timelines when we hope to achieve that particular milestone,” he added.

Adewale expressed certainty that the alliance between the two nations will enhance trade facilitation, customs administration, and interregional cooperation in West Africa.

Good afternoon

Call Buhari for me.

Abi Nigeria should kukuma annex Benin Republic? Their economy is heavily reliant on our own.

Hope we can now buy cars from Cotonou and drive into Nigeria with complete custom papers.? Nice one!

Let’s just gobble it all up 👀👀

Good policies, hope the implimentation wil be made possible by those benefitting from the old status quo

Children of hate are coming to discredit this story.

Mak them allow in flow of rice legally also and jus kuku tax dem....

This should reduce the price of commodities esp foodstuff, a subsequent increase in local production should be hasten as well

I don't want Tinubu removed or death for atleast the next 8yrs.
He may not be a saint like with most other persons.
But he definitely got the zeal to prove that he can deliver on his manifesto.
He is well educated on how the Economy works.
And he is very bold and determined in reforming the Economy.
Buhari, the past president was a patriot but unfortunately, he was a novice when it comes to the Economy.
Jonathan understood the economy better than Buhari and he tried reforming the country but he was bullied and harrassed by the gang up of political class from the North and West, cuz he was a gentleman and purportedly using their chance.
Obasanjo's inate ruggedness and ability to assemble sound minds made him to scale through.

Only Jagaban Borgu can do this. An international business man and award winning graduate of Chicago State University, not a local trader with a 3rd Class Philosophy degree.

NaijaGoBetter2:
Children of hate are coming to discredit this story.

It's a generational inherited curse on the them

ThinkSmarter:
I don't want Tinubu removed or death for atleast the next 8yrs.
He may not be a saint like with most other persons.
But he definitely got the zeal to prove that he can deliver on his manifesto.
He is well educated on how the Economy works.
And he is very bold and determined in reforming the Economy.
Buhari, the past president was a patriot but unfortunately, he was a novice when it comes to the Economy.
Jonathan understood the economy better than Buhari and he tried reforming the country but he was bullied and harrassed by the gang up of political class from the North and West, cuz he was a gentleman and purportedly using their chance.
Obasanjo's inate ruggedness and ability to assemble sound minds made him to scale through.

Jonathan na sisi

He is too meek for a president.

Nice

So what happened to PH Port, Onne Port, Warri and Calabar Ports?

I don't know what this means but my mind is telling me it's a good news.