Business

Border closure: Succour for agric sector

Exactly one year after the Federal Government shut the country’s border in its quest to achieve self-sufficiency in food production, reports have shown that the Anchor Borrowers’ Programme (ABP) of the Central Bank of Nigeria (CBN) has buoyed sales and profits for many agro-processing companies and local farmers in the country. TAIWO HASSAN reports Indeed, […]

Business

Border closure: Sustained despair, one year after

Exactly one year after the Federal Government announced the complete closure of the country’s land borders, the Manufacturers Association of Nigeria (MAN) and others business owners are yet to recover from losses incurred. Taiwo Hassan reports Regrettably, the decision by the Federal Government to shut the country’s land borders with neigbouring countries last year has […]

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Border closure: Manufacturers lament losses one year after

Investors lose billions to policy Smuggling still thrives One year after the Federal Government ordered the closure of the country’s 4,477 kilometres land borders to protect prises (NASME), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) and other groups. Recall that on August 20, 2019, the Nigeria Customs Service (NCS), Nigerian Army, […]

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