Public Management

Buhari speaks on extension of border closure

Buhari speaks on extension of border closure
Thursday, 23 January 2020 15:13

During a meeting between the Nigerian and Ghanaian presidents on January 20, on the sidelines of the UK-Africa 2020 summit, Muhammadu Buhari (photo) brought new arguments to justify extending the duration of the closure of the Nigerian borders.

According to the Nigerian president, the partial closure was motivated not only by the fight against rice smuggling but also the fight against drugs. For, “when most of the vehicles carrying rice and other food products through our land borders are intercepted, you find cheap hard drugs, and small arms, under the food products. This has terrible consequences for any country,” he deplored.

So to reopen its borders, the Nigerian president said, there are some issues that need to be addressed first. This will be done through the cross-border committee that has been set up for this purpose. “Once the committee comes up with its recommendations, we will sit and consider them,” he said.

This means that the borders will not be reopened anytime soon. It is good news for Nigerian rice producers who, according to President Buhari, are the real winners in this situation.

It should be noted that this border closure has been going on for five months and is having a disastrous impact on the economies of West African countries, Benin, Togo, and Niger particularly.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
SIB net profit rose to 56 billion CFA francs in 2025 Lower risk costs and higher income supported performance Assets, loans and deposits...
Loan-loss provisions at the nine BRVM-listed banks that reported 2025 earnings rose 18% to $137 million as regional growth hit a record 6.7%. BOA...
Company seeks to raise 485.8 billion naira through share offering Funds to support expansion and reduce debt Strategy aims to boost local sugar...
AFC raises $100 million from India’s Exim Bank over five years Funding to support infrastructure and industrial projects in Africa Deal reflects...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
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.