Republic of Benin agrees to become Nigeria’s 37th state ▷ Ghana News

– Benin is in talks with Nigeria to become a state of the Federal Republic

– Nigerian Foreign Minister says talks started years ago

– The Benin-Nigeria merger will be unique in the world

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The Federal State of Nigeria has revealed that the Republic of Benin wants to be added to the 37th State of Nigeria.

According to Nigeria’s Foreign Minister Geoffery Onyeama, Beninese President Patrice Talon made the offer known during his visit to President Mahamudu Buhari a few days ago.

“The President of Benin said that as far as they were concerned, they wanted (not just put it like that) but in reality, Benin should be Nigeria’s 37th state. We really should be one. They instructed us to come together at ministerial level, to develop a framework for a lasting relationship, ”he said.

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Republic of Benin agrees to become Nigeria’s 37th state (stock photo)
Source: Facebook

Benin-ECOWAS dead end

Interplast Managing Director Hyssam Fakhry says manufacturing companies in Ghana are losing billions of cedis in revenue due to difficulties in exporting goods to Benin.

While Benin has stopped implementing the ECOWAS trade liberalization program for the past six months, the ECOWAS member state has in effect imposed tariffs on products exported from Ghana, a measure which has adverse effects on the promotion of regional economic integration.

While Benin has stopped implementing the ETLS in the past six months, the ECOWAS member state has in fact imposed tariffs on products exported from Ghana, a measure that has negative effects on the economy. promotion of regional economic integration. One of the main objectives of ECOWAS is to promote the economic integration of the region by establishing, among other things, a free trade area.

The instrument created for this purpose is the SLEC, which guarantees the free movement of products in the region without payment of customs duties and taxes.

Benin closes borders with ECOWAS, Ghanaian exporters lose millions of cedis

If the situation were to disappear, Hyssam Fakhry, warned against job losses and the dissipation of the clientele of the French-speaking market if urgent interventions are not taken.

“We have no choice but to throw away staff. Our profits will also drop dramatically and this will affect the Ghanaian economy, ”he warned.

The ETLS is a tool which aims at the operationalization of the free trade area. The ETLS mechanism guarantees the free movement of originating products without payment of customs duties and taxes of equivalent effect upon importation into ECOWAS Member States.

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