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Nigeria, Benin Fine-Tune Framework for Economic Cooperation
Nigeria, Benin Fine-Tune Framework for Economic Cooperation
By: Michael Mike
Nigeria and the Republic of Benin have commenced the process of operationalizing the economic cooperation agreement they signed during the recently held West Africa Economic Summit (WAES).
Both countries had at the maiden regional economic summit in June 2025, in Abuja, signed the memorandum of understanding.
At a two-day meeting of officials of both countries to work out the framework for the implementation of the economic cooperation agreement held August 1-2, in Cotonou, Republic of Benin, Nigeria’s Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, said the move was in line with the objectives of the Economic Community of West African States (ECOWAS).
The Minister praised President Bola Ahmed Tinubu for his foresight in conceptualizing the summit as catalyst for the economic growth of the region.
She described the bilateral engagement as timely emphasizing that the two countries were bound not only by geography, but by centuries of shared history, familial ties, culture, commerce and vibrant commercial activity.
The Minister on behalf of the Government and people of Nigeria, also congratulated the Republic of Benin on her 65th Independence anniversary noting that it was fitting the important dialogue took place at a moment of national pride and reflection for the country.
She stated that over the years, the bilateral relations between the two West African neighbours had grown from informal interactions to a structured, strategic partnership, but not without challenges—ranging from trafficking and smuggling to wider trans-border crimes.
She noted that both countries had always found solutions whenever they came together with sincerity and determination.
“Our shared successes affirm a truth we must never lose sight of: that cooperation, not conflict; dialogue, not suspicion, remain our best tools for overcoming obstacles,” the Minister said.
Odumegwu-Ojukwu declared that the visit of the Nigerian delegation was not merely a technical conversation but a symbolic and political commitment.
According to the Minister, it was a commitment to Nigerian people and to the ideals of economic development, peace, and stability.
Therefore, both countries must be driven by a shared vision and mutual trust as they seek to build a resilient and sustainable trade corridor between their nations.
She added that: “The frequency and depth of our engagements at the highest political levels underscore the strategic nature of our relationship. The recent efforts of Presidents Bola Ahmed Tinubu and Patrice Talon to recalibrate our bilateral cooperation, particularly in the areas of trade and border management, demonstrate a shared political will to resolve longstanding issues and usher in a new era of mutual prosperity. Both Presidents have shown remarkable leadership in guiding this partnership forward. Their engagements, particularly at the West Africa Economic Summit have reaffirmed the mutual desire to build a future anchored in trade, security, and economic transformation. You would recall the words of President Bola Ahmed Tinubu who at the Summit said, “Nigeria and Benin are more than twins. We are the same people. Let us show the region that integration is possible.” I can boldly affirm that the discussions we’ve had from the 31st of July are an extension of that statement and vision.
“The bilateral meetings held in the course of this visit and the ones we will continue to have, offer yet another opportunity for us to deepen our dialogue and build on the gains made through various mechanisms; be it the Trade Facilitation Committee, the Joint Customs Working Groups, or the recent strides made in cross-border trade harmonization. We must seize this momentum to find practical and forward-looking solutions to the challenges that continue to constrain our trade and economic cooperation.
“It is important that we work together to ensure that policies and procedures on both sides of the border promote legitimate trade, encourage investment, and empower our business communities. Let us continue to align our customs and transit frameworks, streamline bottlenecks, and reinforce our joint commitment to regional integration under ECOWAS and the African Continental Free Trade Area (AfCFTA).
On her part, Nigeria’s Minister of Industry, Trade and Investment, Jumoke Oduwole, who presented the resolutions at the meeting noted that the economic cooperation would cover four thematic areas including trading services and private sector engagements, market access, customs procedures and trade facilitation, transport infrastructure and storage. Technical working groups are expected to deliberate of these areas and submit reports in Abuja in the coming weeks.
Minister of Foreign Affairs of the Republic of Benin, Mr. Olushegun Adjadi Bakari, said his country was committed to sustaining excellent mutually beneficial relations with Nigeria.
The Minister of Industry and Trade of the Republic of Benin, Mrs. Shadiya Alimatou Assouman, the Director General of Customs, the Comptroller General of Nigeria Customs Service, Adewale Adeniyi, Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Amb. Nura Abba Rimi, the Director, Africa Affairs Department in Nigeria’s Ministry of Foreign Affairs, Amb. Regina Ocheni, Director, Office of the Minister of State for Foreign Affairs, Amb. Innocent Iwejuo and members of the technical committee as well as members of both delegations, participated in the meetings.
Nigeria, Benin Fine-Tune Framework for Economic Cooperation
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Zulum Appoints Ali Baware Pioneer DG of Rural Access Road Authority
Zulum Appoints Ali Baware Pioneer DG of Rural Access Road Authority
Borno State Governor, Professor Babagana Umara Zulum, has approved the appointment of Engr. Ali Abubakar Baware as the pioneer Director-General of the Borno State Rural Access Road Authority (RARA).
The Authority, which came into effect on 14th July 2026, is saddled with the responsibility of managing, developing, reconstructing, rehabilitating and maintaining Class D roads across the state, including ancillary infrastructure such as bridges and drainage.
In a statement by the Special Adviser to the Governor on Media, Dauda Iliya, Engr. Baware was the immediate past Acting Permanent Secretary in the Ministry of Works and Housing.
A seasoned engineer and administrator, Engr. Baware has held several administrative positions and is a member of professional bodies, including the Nigerian Society of Engineers (NSE), the Council for the Regulation of Engineering in Nigeria (COREN) and the Nigerian Institute of Civil Engineers.
The appointment is for a period of four years in the first instance.
Governor Zulum congratulated the Director-General on his appointment and charged him to deploy his wealth of experience and expertise to make the new agency functional.
Zulum Appoints Ali Baware Pioneer DG of Rural Access Road Authority
News
Korea Seeks Nigerian Manufacturing Shift, Urges Ratification of 20-Year Tax Treaty
Korea Seeks Nigerian Manufacturing Shift, Urges Ratification of 20-Year Tax Treaty
…Ambassador calls for technology transfer, local production and investment beyond oil trade
By: Michael Mike
South Korea has urged Nigeria to restructure its trade relationship with the Asian country by shifting from crude oil exports and imports of manufactured goods to local production, technology transfer and investment in agriculture and industry.
Korean Ambassador to Nigeria, Jeong Yo-an, made the call on Wednesday in Abuja, saying the existing trade pattern had limited the potential of a bilateral relationship worth about $1.1 billion in 2025.
“Today, Nigeria sells us mostly oil and gas. Korea sells mostly cars, electronics and machinery. We can do much more than that,” he said.
Jeong identified local assembly, agricultural machinery production, digital skills, maritime services and emerging industries as priority areas for stronger cooperation.
He also urged Nigeria to ratify the double taxation agreement signed by both countries in 2006, saying the 20-year delay was affecting investor confidence.
He said predictable policies on foreign exchange, customs and taxation were necessary to attract long-term investments.
The ambassador cited the involvement of Korean companies in major Nigerian projects, including Daewoo Engineering and Construction’s work on the Nigeria LNG Train Seven project and the Indorama fertiliser plant. He also named Samsung, LG, Hyundai and Solpia among companies working with Nigerian partners in various sectors.
He encouraged Nigerian businesses to use the Korea Trade-Investment Promotion Agency (KOTRA) office in Lagos to establish links with Korean companies and explore opportunities in the Korean market.
The beauty and cosmetics industry, he added, offered prospects for local distribution, employment and partnerships, with Korean manufacturers expected to participate in the Beauty West Africa exhibition on November 13.
On development cooperation, Jeong said about 2,000 Nigerian government officials had received training in South Korea through the Korea International Cooperation Agency (KOICA).
He said KOICA’s Smart School project, implemented with the Universal Basic Education Commission, had reached about 8,000 pupils and trained more than 300 teachers and school administrators.
He also highlighted the Abuja Centre for Entrepreneurship, being developed in partnership with the Small and Medium Enterprises Development Agency of Nigeria and the United Nations Development Programme. Groundbreaking for the centre took place in September.
The facility is expected to provide young Nigerians with entrepreneurship training, mentorship and connections to finance and markets.
Jeong said Nigerian institutions would operate the centre, while a Training of Trainers programme would build local capacity to sustain its activities.
“A building alone does not create entrepreneurs,” he said, stressing the need to connect start-ups with investors, markets and private-sector operators.
He disclosed that KOICA was also working with the Food and Agriculture Organisation on agricultural initiatives aimed at creating green jobs for Nigerian youths.
Other areas of cooperation include digital development, postgraduate scholarships and government fellowships in information technology, public administration and health. The Nigeria-Korea Information Access Centre, established in Abuja in 2025, is also expected to strengthen digital literacy and access to technology resources.
The ambassador said future partnerships would place greater emphasis on private companies, start-ups and innovators, particularly in artificial intelligence, digital content and technology-based entrepreneurship.
He urged Nigeria to adapt lessons from South Korea’s development experience rather than attempt to replicate its model.
“The key word is not ‘copy’. The key word is ‘adapt’. Nigeria will write its own story. Korea is ready to share what we have learned,” he said.
On diplomatic relations, Jeong cited the 2024 Korea-Africa Summit in Seoul and the first Korea-Africa Foreign Ministers’ Meeting held in June as milestones in strengthening engagement.
He said South Korea welcomed Nigeria’s offer to host the seventh session of the Nigeria-Korea Joint Commission in Abuja.
He also disclosed that South Korea was working towards expanding its Official Development Assistance to $10 billion by 2030 and providing $14 billion in export financing to support Korean companies operating in Africa. The country is also planning to host the second Korea-Africa Summit in 2029.
The ambassador said cultural exchanges remained an important part of bilateral relations, disclosing that more than 300,000 people had participated in programmes organised by the Korean Cultural Centre Nigeria.
He said this year’s Korean Film Festival attracted about 1,000 participants, while the K-pop Festival in Lagos drew more than 400 young people. The 14th Korean Ambassador’s Cup Taekwondo Championship in Abuja also attracted about 350 athletes.
Jeong said the embassy planned to expand cultural activities to more Nigerian cities and universities and promote joint film and music productions. He disclosed that Nigerian creators had already produced two Korean-Nigerian drama productions.
He also pledged to support opportunities for Nigerian journalists to visit South Korea through media exchange programmes, including the World Journalists Conference.
The ambassador, a former military officer who served for 36 years before joining the diplomatic service, said he would focus on practical results during his tenure in Nigeria.
“The army taught me one simple lesson: trust is built when you keep your word. That is how I want to work in Nigeria – with more results,” he said.
Korea Seeks Nigerian Manufacturing Shift, Urges Ratification of 20-Year Tax Treaty
News
ECOWAS, Germany Open Strategic Dialogue as Berlin Commits €49m to West Africa
ECOWAS, Germany Open Strategic Dialogue as Berlin Commits €49m to West Africa
By: Michael Mike
The Economic Community of West African States (ECOWAS) and Germany have reaffirmed their commitment to strengthening bilateral cooperation, with Germany committing an additional €49 million to support regional development programmes for 2025 and 2026.
The commitment was highlighted during the opening of the strategic dialogue between ECOWAS and Germany in Abuja.

The Vice-President of the ECOWAS Commission, Anthony Ogunjimi, said the engagement marked a renewed approach to cooperation between the regional bloc and Germany, shifting from the traditional concept of consultation to a more strategic, open and constructive partnership.
He said the new strategic dialogue would provide an opportunity for both parties to deepen collaboration and address issues affecting regional development and the welfare of West African citizens.
Germany, which has been a partner to ECOWAS since 1985, has committed approximately €494 million in bilateral technical and financial cooperation over the years.
An additional €49 million was pledged for the 2025–2026 cooperation period during negotiations in November 2025.
The funding comprises €32.8 million for financial cooperation and €16.2 million for technical cooperation.
Ogunjimi, who spoke on behalf of the President of the ECOWAS Commission, Gen. Birame Diop, expressed appreciation to the German government for its longstanding partnership and support for the regional organisation and the people of West Africa.
The meeting was attended by the German Ambassador to Nigeria and ECOWAS, Stefan Rossel; a delegation from Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), led by Karen Pfundt, Head of Division for West Africa II; representatives of the German development agency, GIZ; and directors and senior officials of the ECOWAS Commission.
The strategic dialogue is expected to provide a platform for reviewing existing cooperation and identifying areas for stronger collaboration between Germany and ECOWAS.
ECOWAS, Germany Open Strategic Dialogue as Berlin Commits €49m to West Africa
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