Wednesday, March 3African Business News
Shadow

Tag: border

Nigeria sustains border closure amid inflation, diverse sentiments

Nigeria sustains border closure amid inflation, diverse sentiments

Economy
• Neighbouring countries yet to comply with trade protocols Expectations that the land borders may be reopened anytime soon should be shelved, as Federal Government, through the Nigeria Customs Service (NCS), has said it will sustain the ongoing drill till the desired goals are achieved, despite prayers by some manufacturers and businesses for concessions over goods stuck at the borders. While farmers craved that the borders remained shut for as long as possible to continue to enjoy the monopoly in the local markets despite supply gaps, the Manufacturers Association of Nigeria (MAN), said the negative effect of the closure is far-reaching, and would linger even after the borders are reopened. Similarly, the operators raised concerns about the continued border closure for the imp...