Federal govt signs new pact to import petrol from Niger Republic

Federal govt signs new pact to import petrol from Niger Republic

- The federal government has signed a major pact with the authorities in the neighbouring Niger Republic

- The agreement is expected to aid the smooth transportation of petroleum products across the border

- Experts say the move is a huge step in developing trade relations between both countries.

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The Nigerian government has signed an agreement for the transportation of imported petroleum products from Niger Republic.

This was disclosed in a statement signed by Garba Deen Mohammed, media aide to the minister of petroleum on Thursday, November 19.

Part of the statement read:

“The federal government of Nigeria and the Republic of Niger have signed a Memorandum of Understanding (MoU) for petroleum products transportation and storage.”
Federal govt signs new pact to import petrol from Niger Republic

President Buhari and his Niger Republic counterpart have been speaking on the proposed deal before now. Photo credit: @NGRPresident
Source: Twitter

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Legit.ng gathered that the agreement followed bilateral agreements between President Muhammadu Buhari and President Mahamadou Issoufou.

Sources say talks have been on-going between both countries for over four months – through the Nigerian National Petroleum Corporation and Niger Republic’s National Oil Company, Societe Nigerienne De Petrole (SONIDEP), on petroleum products transportation and storage.

Both Nigeria and Niger Republic share a border and were in the news recently for issues concerning security.

Recall that the United States of America forces conducted a hostage rescue operation in northern Nigeria to recover an American citizen held hostage by a group of armed men.

The American citizen, said to be a farmer, was abducted in the Niger Republic, but was taken across the border to neighbouring Nigeria before he was freed by the US special forces.

Meanwhile, Nigeria's minister of defence, Major-General Bashir Magashi (rtd) has revealed that the federal government was aware of the recent United States of America special operation on Nigerian soil.

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Magashi disclosed this while speaking to journalists attached to the National Assembly on Tuesday, November 3.

According to him, the federal government granted the US permission to rescue its citizen kidnapped by bandits in the Niger Republic and taken to northern Nigeria.

Magashi faulted insinuations that the United States may have violated Nigeria’s sovereignty by carrying out the operation on Nigerian soil, stressing that there was nothing of such.

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Source: Legit

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