Trade Between Nigeria And Cameroon Drops By 81% In 4 Years Due To Anglophone Crisis
Commercial exchanges between Nigeria and Cameroon dropped by 81 per cent between 2015 and 2019.
Commercial exchanges between Nigeria and Cameroon dropped by 81 per cent, between 2015 and 2019, due to the unending Anglophone insurgency in Cameroon.
Paul Tasong, Cameroon’s Minister Delegate in the Ministry of the Economy, Planning and Regional Development, made the revelation at the National Assembly on Tuesday, Nov. 23, during the presentation of the presidential plan for the reconstruction of the regions of Northwest and Southwest at a plenary session of parliament.
According to Tasong, during the period under review, commercial exchanges between Nigeria and Cameroon dropped from 15.6 billion FCFA (about 30 million US dollars) to 2.9 billion FCFA (about 4.5 million US dollars).
“The drop is recorded both in exports (which saw a 69.9% drop) and imports (which dropped by 85%),” the minister revealed, adding that besides the drop in trade, the nature of commercial exchanges has also changed.
“For example, imports were dominated in 2016 by vehicles, spare parts and accessories, electronics and other household utensils. In 2019, there was an important drop in the importation of these products and the emergence of new ones such as beer and malt, beauty products and hygienic towels and pads,” he stated.
Cameroon has only Nigeria as its neighbour on its western border which is 1,500 kilometres long.
The borders between the two countries involve the Northwest and Southwest regions that are engulfed by the Anglophone insurgency and the Far North region where the Boko Haram terrorists have been visiting havoc on the local populations.
Essential merchandise to and from Nigeria passes through the North and Adamawa regions or by maritime routes.
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