Cameroon to lose billions of FCFA in transit fees for Nigerien oil due to Boko Haram

On November 1, 2023, Niger’s transitional Prime Minister, Ali Mahaman Lamine Zeine, presided over the inauguration ceremony for a 2,000 km pipeline linking Niger’s Agadem oil fields (over 1,500 km from Niamey) to the port of Seme in Benin. Worth a total of $2.3 billion (around FCFA1,200 billion), this pipeline will enable Niger to export its oil to the international market from the aforementioned port. This means a loss of earnings for the deep-sea port of Kribi, a seaside resort in Cameroon’s southern region, which had initially been chosen. “The oil we propose to exploit is located in the eastern…