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Home Economy OBASANJO SUPPORTS BORDER CLOSURE, WARNS BENIN REPUBLIC ON DUMPING GROUND PRACTICES

OBASANJO SUPPORTS BORDER CLOSURE, WARNS BENIN REPUBLIC ON DUMPING GROUND PRACTICES

Former President, Chief Olusegun Obasanjo, on Tuesday, urged Nigeria’s west coast neighbour, Benin Republic, to change its ways for a harmonious bilateral relationship between the two countries.

NAN reports that Obasanjo made the remark during a news briefing on the margins of Policy Dialogue of African Business Associations on Implementing the African Continental Free Trade Area (AfCFTA) Agreements in Addis Ababa.

The two-day policy dialogue was co-organized by the African Union (AU), the African Development Bank (AfDB) and the African Export-Import Bank (AFREXIMBANK).

Obasanjo, who is the chair of the CoDA Board of Directors, explained that Benin’s notoriety was not new, as Nigeria had for long been enduring the practice which undermined its economic well being.

“It happened when I was President of Nigeria. I called theNice phone then Benin President, Nicephore Dieudonne Soglo, to let us meet at any of our border posts over the issue.

“We eventually met at Badagry (in Nigeria), where we agreed that Nigerian Customs would be stationed in Benin.

“They (the Nigerian Customs) are still there. We don’t have issues with goods manufactured in Benin — they are welcome.

“But as long as Benin allowwithin dumping of goods, there will always be a problem with Nigeria,” Obasanjo said.

He noted that the Economic Community of West African States (ECOWAS) was not created to allow one country to turn itself to a dumping ground.

On AfCFTA, Obasanjo said that the execution of the agreements was crucial to its success and sustainability.

“The intense support AfCFTA has received from various member states is a clear indication of its importance.

CoDA is highly engaged in seeking success of AfCFTA and other multilateral agreements. CoDA work is informed and guided by the notion that no one has a monopoly of ideas,” he said.

He urged for more actions, beyond words, adding that with fragmented 55 markets, Africa would remain a small player in the global marketplace.

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