Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn
    • NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter
    • XRP Price Slumps by 5% on Fed Hawkish Comment Reactions
    • FTSE Russell Upgrades Nigeria to Frontier Market Status
    • GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2
    • Alibaba Tokenized bStocks Dips by 2% on Thin Transactions
    • Crude Oil Prices Decline as Supply Outlook Improves
    • Huge Funds Chase Nigerian OMO Bills in Search for 21% True Yield
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Saturday, August 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Nigeria, Benin Sign Regional Integration Deal

    Nigeria, Benin Sign Regional Integration Deal

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 21, 2025 News No Comments4 Mins Read
    Nigeria, Benin Sign Regional Integration Deal
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Nigeria, Benin Sign Regional Integration Deal

    The Federal Republic of Nigeria and the Republic of Benin on Saturday signed a pact to deepen bilateral integration and serve as a model for wider cooperation within ECOWAS.

    The agreement was signed during the inaugural West Africa Economic Summit (WAES), held in Abuja, with Presidents Bola Tinubu Nigeria and Patrice Talon of Benin in attendance.

    Nigeria’s Dr Jumoke Oduwole and Amb. Bianca Odumegwu-Ojukwu signed on behalf of Nigeria, alongside Benin’s Shadiya Assouman and Shegun Bakari.

    President Talon described the agreement as a bold step towards genuine, practical regional integration and called for prompt implementation by ministers.

    “President Tinubu and I have agreed on full integration between Benin and Nigeria. The task now lies with our ministers. “Benin and Nigeria are more than twins—we are one people. Let us show that the region integration is possible,” Talon said.

    Talon earlier called for urgent reforms to revive ECOWAS’s stalled regional integration efforts, saying the bloc is currently in crisis. “ECOWAS once exemplified integration. Today, unfortunately, it is struggling to live up to its purpose,” he noted.

    He cited the West African Gas Pipeline as a failed initiative due to persistent administrative hurdles and poor coordination. “It is shameful. We are wasting resources. Our inability to cooperate undermines integration,” he said.

    Talon disclosed that Benin, currently sourcef gas from Qatar using a Floating Storage and Regasification Unit (FSRU) because of the failures. He also criticised the poor performance of the West African Power Pool, another stalled regional project requiring urgent revival.

    “We invested heavily in this power infrastructure, yet it still fails to meet expectations. Without firm action, it may never succeed,” he warned.

    Addressing the Lagos–Abidjan Corridor, Talon highlighted border delays and harassment as major barriers to smooth regional movement. “The road is there. But a trader should not face harassment just to move goods from Lagos to Abidjan,” he stressed. He warned that poverty is the most dangerous destabiliser in the region, threatening democracy, peace, and stability.

    “Poverty undermines everything. Without integration that tackles poverty, our democratic values will ring hollow,” Talon said. Talon referenced U.S. President Donald Trump’s protectionist trade stance, urging Africa to prioritise its own interests in global trade. “Trump’s policies remind us that countries protect themselves. We should too. Perhaps we’ll even thank him one day,” he said.

    He urged leaders to move from promises to concrete actions that can generate wealth, opportunity, and lasting prosperity. “Without economic opportunity, our talk of liberty and democracy is empty. Integration must be more than words,” he said.

    The Presidents of Benin and Sierra Leone also gave national addresses ahead of the 67th ECOWAS Heads of State session. The Ordinary Session will take place on Sunday at the State House Conference Centre in Abuja. Other West African representatives delivered statements centred on advancing integration and regional prosperity.

    Liberian President Joseph Boakai affirmed Liberia’s support for ECOWAS and regional blocs like the Mano River Union. He stressed that removing trade barriers, aligning policies, and boosting regional competitiveness as key integration priorities. Boakai commended President Tinubu for convening the summit, calling it timely and essential for subregional transformation.

    “This summit allows vital reflection, collaboration, and renewed dedication to West Africa’s economic transformation,” Boakai said. Sierra Leone’s President Julius Maada Bio also emphasised the region’s economic potential amid global economic pressures. He pointed to public debt, climate change, food insecurity, and geopolitical instability as urgent reasons to pursue integration.

    “Unlocking this potential demands commitment to deeper regional integration and economic cooperation,” Bio stated. He encouraged full participation in ECOWAS initiatives like the Trade Liberalisation Scheme and Common External Tariff. These schemes help harmonise trade policies and cut tariffs — essential steps towards stronger regional trade,” he said. #Nigeria, Benin Sign Regional Integration Deal#

    How Africa can Fast-Track Industrial Revolution – Tinubu

    Benin Republic Nigeria
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    Alibaba Tokenized bStocks Dips by 2% on Thin Transactions

    Add A Comment

    Comments are closed.

    Editors Picks

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    August 28, 2026

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    August 28, 2026
    Latest Posts

    Seplat, FirstHoldco Boost Stock Market Cap, Investors Gain N1.38tn

    August 28, 2026

    NAHCO’s Air France-KLM Mandate Opens Higher-Value Growth Chapter

    August 28, 2026

    XRP Price Slumps by 5% on Fed Hawkish Comment Reactions

    August 28, 2026

    FTSE Russell Upgrades Nigeria to Frontier Market Status

    August 28, 2026

    GCR Upgrades Coronation Merchant Bank Ratings to BBB+/A2

    August 28, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.