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
EIB Global invested $80 million in RMBV North Africa III, becoming the fund’s anchor investor The fund targets more than $300 million in...
Standard Chartered to sell all Botswana operations, exit market entirely Sale plan expanded after buyers sought full business, not partial...
nabD replaces SoGé following Saham’s takeover of Société Générale Maroc The platform offers mobile-first banking with remote account opening A...
Ghana’s First Atlantic Bank approved to operate in Liberia Liberia entry follows $60M IPO on Ghana Stock Exchange in 2025 FAB aims to...
Most Read
01

Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...

Africa’s Artificial Intelligence Moment : Infrastructure, Governance and the Path to Scale
02

Development Partners International sold its 20.17% stake in Atlantic Business International for mo...

DPI Exits Atlantic Business International in $200 Million-Plus Deal
03

African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...

Africa’s Billionaires Post Strong Gains as Global Wealth Hits Record
04

Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...

Africa’s Energy Boom in 2026 Puts AfCFTA at the Heart of Its Trade Response to US Tariffs
05

Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...

Flutterwave Adds Open Banking With Mono Acquisition
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.