Benin Need Money, Battles Aftermath of ECOWAS Sanctions
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- čas přidán 16. 05. 2024
- Benin republic is the country most affected by recent ECOWAS sanctions on Niger. In this video we unravel the immediate impact of the sanctions and the significant loss of revenue for Benin. Later in the video we look at how Benin can leverage the oil pipeline deal with Niger and China to strengthen its economic position and reduce its vulnerability to external influences that may seek to disrupt the movement of Niger’s oil.
Benin, recognized for its democratic tradition since its transition from a Marxist-Leninist state in 1990, with a history of peaceful transfers of power and adherence to democratic principles. As a result, Benin has often supported and implemented ECOWAS sanctions even when .it holds significant economic consequences for its economy. Benin has experienced such repercussions firsthand, most notably through its relationship with Niger.
Niger is a landlocked country that relies heavily on the port of Cotonou in Benin for its international trade. Almost 100 percent of Niger's shipping activities was passing through this port, making it a critical revenue source for Benin. Recent ECOWAS sanctions on Niger, have severely disrupted this economic lifeline. The immediate impact of these sanctions has been a significant loss of revenue for Benin. The port of Cotonou is one of the mainstays of Benin’s economy, contributing substantially to the national income through port fees, taxes, and other related revenues. With the sanctions in place, the volume of goods passing through the port has dropped dramatically, leading to a direct financial loss.
Beyond the direct revenue loss from port activities, the sanctions have had a cascading effect on Benin's broader economy, particularly in the transportation and logistics sectors. Companies that provide transportation services for goods moving between Cotonou and Niger have seen their business plummet. These companies rely heavily on the flow of goods to and from Niger, and the sanctions have left many of them struggling to stay afloat.
The logistics sector, which includes warehousing, freight forwarding, and related services, has also been hit hard. The reduction in trade volume has meant fewer goods needing storage and fewer shipments requiring coordination. This downturn has led to job losses and reduced economic activity in these sectors, further exacerbating the economic strain on Benin.
The disruption caused by the sanctions extends beyond the immediate economic activities related to the port. The reduced trade with Niger affects various other sectors indirectly linked to the transportation and logistics industries. For instance, local businesses that supply goods and services to these sectors have also experienced reduced demand. This includes fuel suppliers, maintenance and repair services for transportation vehicles, and providers of other logistical support services.
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Ecowas sure did screw all playing with France
Benin is a magnificent country, let's say the African continent is extraordinary with its varied natural resources, its men and women blessed with a heavenly land so coveted by some and certain species. No more economic sanctions on the continent, we need dialogue, forgiveness, an element of encouragement for progress and peace.
When will Africans learn that they must work with each other in order to move forward?
Not benin with Niger, do you know how it feels knowing that your neighbor planning an attack on you using west army and it army.
And now they are blocking oil progress yet they need to work as One
Yet they're playing games over the pipeline...
Le Bénin est un pays magnifique, disons que le continent africain est extraordinaire avec ses ressources naturelles variées, ses hommes et femmes dotés d'une terre paradisiaque tant convoitée par certains et certaines espèces d' enculée . Fini les sanctions économiques sur le continent, nous avons besoin du dialogue, de pardon, d'un élément d'encouragement au progrès et à la paix.
You shall see them by they action.
Just woe
If they hadn't "transitioned from a marxist leninist state" they'd probably have better than 1/3 electrification. They would probably not have one of the lowest levels of human development in the world. They would probably have transformative industry, rather than primarily exporting raw cotton. Because marxism leninism is a society lead by the working class, with democracy over the economy
Why they like Brick's so they got theu wanted 😢
Just so a dog.
FRANCE AND USA NEEDS TO STRENGHTHEN BENIN MILITARLY AND ECONOMICLY IN ORDER TO STOP WHATS GOING ON IN NIGER AND OTHER SAHEL NATIONS. THESE CHINA DEALS IS GOING TO NEGATIVELY IMPACT THESE NATIONS FUTURE INVESTMENTS LONGTIME AFTER THAT THESE DEALS HAVE CONCLUDED.