President Bola Tinubu has lifted Nigeria’s land and air borders sanction on the Republic of Niger.
The president also ordered the lifting of other sanctions placed on the country with immediate effect.
Recall that the resolution put forward by the Economic Community of West African States (ECOWAS) following the events in Niger Republic on July 26, 2023 when the democratically elected President, Mohamed Bazoum, was ousted in a coup and replaced by the military junta led by General Abdourrahamane Tchiani resulted to the renewal of Federal Government’s suspension of commercial flights from Niger Republic to Nigeria.
Meanwhile, the president in a statement issued on Wednesday cancelled all the sanctions against Niger Republic.
‘Today, I have directed the opening of Nigeria’s land and air borders with the Republic of Niger and the lifting of other sanctions against Niger Republic with immediate effect in compliance with the decisions of the ECOWAS Authority of Heads of State and Government at its extraordinary summit on February 24, 2024, in Abuja where we had agreed to lift economic sanctions against the Republic of Niger, Mali, Burkina Faso, and Guinea,” the president stated.
The statement also revealed other lifted sanctions including closure of land and air borders between Nigeria and Niger Republic, as well as ECOWAS no-fly zone on all commercial flights to and from Niger Republic.
He also announced the suspension of all commercial and financial transactions between Nigeria and Niger, as well as freeze of all service transactions, including utility services and electricity to Niger Republic.
Other immediate lifted sanctions include; 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, not forgetting suspension of Niger from all financial assistance and transactions with all financial institutions, particularly EBID and BOAD.
The president also lifted travel bans on government officials and their family members.
He further said that he has approved the lifting of financial and economic sanctions against the Republic of Guinea.
