CBN GOVERNOR, GODWIN EMEFIELE SAYS LAND BORDERS WILL REMAIN CLOSED

CBN GOVERNOR, GODWIN EMEFIELE SAYS LAND BORDERS WILL REMAIN CLOSED

Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the nation’s land borders will remain closed until neighboring countries meet the requirements for it to be reopened.

Emefiele said this on Monday while speaking to journalists after a meeting with President Muhammadu Buhari in Abuja.

The federal government had closed the country’s land borders to importing and exporting of all items in a bid to curb illegal trading activities by Nigeria’s neighbors.

Hameed Ali, comptroller-general of Nigeria Customs Service (NCS), had said that Nigeria’s borders will remain closed until the country and its neighbors agree on existing ECOWAS protocol on movement.

Despite several calls by stakeholders for the re-opening of the borders, Emefiele said the affected countries must first have concrete engagements on mutual anti-smuggling policies.

He, however, explained that the smuggling of goods through these countries undermines Nigeria’s economic policy.

CABLE/OLA

 

 

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