Cameroon Feels The Effect Of Nigeria’s Fuel Subsidy Removal

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The effects of the fuel subsidy removal in Nigeria is now being felt in border country, Cameroon.

Cameroonians living in the border areas with Nigeria are counting losses following president Goodluck Jonathan’s recent declaration of state of emergency in some states of Northern Nigeria, and closing of the border between the two neighbouring countries.

The move has affec

ted prices of basic commodities in the areas especially as a result of higher petro prices and lack of supplies from the Nigerian markets

.

Already, p

rices of basic commodities that Cameroonian traders used to buy cheaply from the Nigeria side, in Borno State, have more than tripled.

The price hikes are a result of the closure of Banki frontier market that used to supply Cameroon denying them a source of affordable goods.

“Customs revenue from imported g

oods from Nigeria has dried up as there is no trans-border trade after Nigeria decided to close its border”, said a senior Cameroonian customs officer who sought anonymity because he is not authorised to speak on behalf of the government authority.

Faced with growing threat of terrorism from the Islamists terror group Boko Haram, Nigeria recently closed it borders with some of the neighbouring countries, in a bid to halt cross border terror activities.

Source: Africareview.com

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