Buhari and Biya hold talks on Boko Haram and the Economy

Muhammadu Buhari the Nigerian Head of State has arrived in Yaounde for a working visit and friendship. Buhari was received by President Biya in Yaounde and both leaders have held discussions on Boko Haram and the economy. The visit has also provided an opportunity for both countries to strengthen their historical ties to tweak their economic relations and also to build a strong regional alliance to confront the Nigerian Islamic sect, Boko Haram. 

Economically, in 2013, Nigeria was the second largest supplier to Cameroon and the fourteenth largest customer to the Sub Saharan giant. In addition, 2013 also witnessed Nigeria's exports to Cameroon amounting to 452 billion and 18 million CFA francs while exports from Cameroon to Nigeria ranged up to 39 billion 531 million CFA francs. Cameroon's main imports from Nigeria includes petroleum products, lubricants, building materials, cosmetics, fertilizers, oranges, appliances, household items and loincloths tissue. In return Nigeria buys food, livestock, vegetable oils, industry products, aluminum and detergents.

With a population of 190 million consumers, Nigeria's contribution to the Cameroonian economy is very significant. 4% of companies surveyed in Cameroon in 2010 belong to Nigerian nationals with 3127 units engaged in retail and wholesale trade and also in the sectors of heavy industry such as metallurgy and construction. The two countries share a long border of over 1 600 km. Both leaders are expected to read a joint statement tomorrow.