Public Management

Nigeria extends border shutdown until 2020

Nigeria extends border shutdown until 2020
Monday, 04 November 2019 20:14

The government of Nigeria is keeping its land borders closed until the end of January 2020, official sources said.  

In a statement published on November 1, the government announced that this measure adopted a few months ago was bearing good fruits, and this motivated the extension decision. “I am directed to inform you that it is observed that despite the overwhelming success of the operation, particularly the security and economic benefits to the nation, a few strategic objectives are yet to be achieved. Against this background, Mr. President has approved an extension of the exercise to January 31, 2020,” the document reads.

While this announcement ruins hopes of border reopening before the end of 2019, this is the first time the Nigerian government has set a deadline for the end of the measure, since it affects all goods moving on either side of the country’s land borders. A few weeks ago, Colonel Hameed Ali, Comptroller General of Customs, said that the country would continue the measure until the “expected results” were achieved.

As a reminder, Nigeria closed its borders to combat foodstuff smuggling, particularly rice mainly via its border with Benin. No agreement has yet been announced between Nigeria and its neighbors to lift the measure that is already affecting the activities of many West African traders.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
New Casablanca-based firm targets M&A, capital raising, and strategic advisory Launch reflects rising demand for specialized financial advice in...
Bank of Africa proposes 1.091 billion dirham capital increase via bonus shares Board also suggests higher dividend of 5 dirhams per share Strong 2025...
BRVM plans first ETFs and derivatives on UEMOA market Delegation visits Nigeria’s NGX to learn from its experience Move aims to boost liquidity,...
Most Read
01

Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...

Flutterwave Secures Banking License in Nigeria, Joining Push by Fintechs Like Revolut, Wise
02

BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...

BCEAO Imposes June 30 Deadline to Complete Instant Payments Integration
03

This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...

Weekly Health Update | Africa Faces Health Supply Risks; DRC Ends Mpox Emergency
04

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
05

EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...

EBID Charts Green Shift to Finance West Africa’s Growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.