Nigeria’s economy under threat owing to border closure.

In a bid to scrap smuggling of goods and prompting Nigeria-made products, the Nigerian government closed the country’s border in recent months.

But, the reverse has been the case as inflation hikes affecting food prices.

This is the first time the government has acknowledged the negative effects of the border closure.

After a cabinet meeting, Finance Minister Zainab Ahmed told reporters that inflation had increased from 11.4% in September to 11.6% by the end of last month.

“The slight increase in this inflation between September and October is due to food inflation,” she said.

“The food inflation we are ascribing to prices of cereals, rice and fish. And part of the reason is the border closure.”

Nigeria government has admitted that they’ll opt their effort to make sure everything works out well for all party in concern.

2019-11-28

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