Audio By Carbonatix
West African countries have agreed to conduct an investigation into the impact of Nigeria's decision last year to close off its land borders to trade, Nigeria's presidency said on Monday.
Nigeria has banned the import and export of all goods through its land borders since last August as part of what it describes as a campaign to tackle smuggling. Its smaller neighbors, many of whom rely on trade with Africa's biggest economy, have complained that this has caused severe hardship.
Heads of state from the Economic Community of West African States agreed Sunday night to set up a committee "to study and make a full report on Nigeria's land border closure with her neighbors," said a statement from a spokesman for Nigerian President Muhammadu Buhari.
There is no timeline for when the report is due, but it is meant to be completed "as soon as possible," Nigerian Foreign Minister Geoffrey Onyeama said, according to the statement.
Since taking office in 2015, Buhari has introduced policies aimed at curbing imports and smuggling, to boost local manufacturing. Buhari has also been trying to boost revenues after a 2016 recession slashed income.
The move to shut the borders followed a decision in July to sign Nigeria up to an African Continental Free Trade Area, a project to create a $3.4 trillion economic bloc.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Morocco and Senegal set for defining AFCON final under Rabat lights today
36 minutes -
Trump tariff threat over Greenland ‘unacceptable’, European leaders say
1 hour -
Evalue-Ajomoro-Gwira MP kicks against VALCO sale
2 hours -
Mercy Johnson withdraws alleged defamation case against TikToker
2 hours -
Ghana accepted Trump’s deported West Africans and forced them back to their native countries
3 hours -
No evidence of theft in Unibank Case – A‑G explains withdrawal of charges against Dr Duffour
3 hours -
Labourer remanded for threatening to kill mother
3 hours -
Court remands farmer over GH¢110,000 car fraud
3 hours -
Tension mounts at Akyem Akroso over ‘sale’ of royal cemetery
3 hours -
Poor planning fueling transport crisis—Prof. Beyuo
4 hours -
Ahiagbah slams Prof. Frimpong-Boateng over “fake” party slur
5 hours -
Family traumatised as body of Presby steward goes ‘missing’ at mortuary
5 hours -
Why Ghana must maintain the NPA’s price floor in the petroleum market
5 hours -
Serwaa Amihere apologises to PRESEC community over ‘homosexual breeding ground’ comment
6 hours -
Dr Arthur Kennedy slams NPP’s “dubious” plot to expel Prof Frimpong-Boateng
7 hours
