By Ibukun Emiola
The CBN governor, Dr Godwin Emefiele, has identified smuggling and dumping of goods as the greatest challenges hindering the success of Nigeria’s economic policies.
The News Agency of Nigeria (NAN) reports that Emefiele said this in Ibadan on Friday at the first Distinguished Leadership Lecture of the University of Ibadan.
Emefiele stated that smuggling and dumping had done more harm to the nation’s economy by impeding investment which would create jobs and reduce poverty.
“Investors insist that the problem of smuggling and dumping must be addressed for them to invest in the nation’s economy.
“How do we deal with these? Government bought hundreds of trucks for Customs to combat it but corruption has prevented us from getting any result.
“This is because of lack of respect for our own economic policies. These acts create unemployment and poverty for our people, that is selfish.
“If we find a company involved…