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 neighbours, 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 neighbours,” 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.
Latest Stories
- PEPFAR collaborates with Asutifi North Assembly in HIV/AIDS education
21 mins - Government needs to engage businesses to improve revenue generation – Dr. Seddoh
35 mins - DDEP: The real issue is the quality of GDP – Dr. Seddoh
1 hour - DDEP: We seem to be rushing – Prof. Lord Mensah
2 hours - Stonebwoy releases brand new single ‘More of You’
3 hours - Fire sweeps through over 15 shops, houses at Tema Community Two
4 hours - AfDB Group, Government of Canada announce funding facility to grow SMEs
4 hours - Police on manhunt for robbers who shot 3 persons at Ntwitwina
4 hours - Egyapa Mercer disowns reports claiming he said first Oil-for-Gold consignment was paid for with cash
4 hours - Six technical universities participate in training to build their Career Services departments
4 hours - ‘We feel victimised even though we are fully compliant’ to E-VAT – Melcom to GRA
5 hours - GRA descends on Maxmart and Koala for failing to issue electronic VAT, others
5 hours - We have a concerted approach for investment facilitation in Ghana – GIPC’s Deputy CEO
7 hours - Livestream: PM Express discusses the revised debt exchange programme
7 hours - Teachers from 48 schools undergo CHAG’s HIV, TB training
7 hours