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Amid Boko Haram Crisis, Contraband Trade Thrives along Cameroon-Nigeria Borders
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Amid Boko Haram Crisis, Contraband Trade Thrives along Cameroon-Nigeria Borders
Amid ongoing terrorist activities by Boko Haram in northern Cameroon, particularly in the Far North, contraband trade with Nigeria and neighbouring countries has resulted in a significant increase in Cameroon’s deficit, reaching 50.7 billion FCFA (around US$89.8 million). A report from Cameroon’s National Institute of Statistics (NIS) regarding informal transborder trade for 2024 indicates that this deficit is increasing compared to last year’s …
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