No going back on border closure until neighboring countries repent, says Federal Government.
Written by COMFORT 95.1FM on November 28, 2019
Rising inflation in Nigeria has been blamed on the federal government’s temporary policy to close land borders.
Despite this indication, the government is insisting that the border closure would remain in place until the country’s neighbours learnt to respect trade protocols.
Minister of Finance and National Planning, Zainab Ahmed, who spoke on this after the Federal Executive Council meeting, told State House correspondents that inflation rose due to hikes in food prices arising from the closure of the borders.
However, the minister stated that the border closure was a temporary measure adopted by the government to protect the economy against trade malpractices by neighbouring countries and would be reopened when all of Nigeria’s demands were met.
Same view was shared by the Minister of Information and Culture, Lai Mohammed, who explained that the gains of the border closure outweighed any other impact it might have caused, adding that Nigeria was subsidising the rest of West Africa.