Why IMF supports Nigeria’s land border closure

0
155


The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, with the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, at the news briefing on Nigeria’s participation in the just-concluded World Bank/IMF Annual Meetings in Washington, United States on Sunday, Oct. 20, 2019.

By Harrison Arubu
The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders because it understands the action is not punitive.

Addressing newsmen in Washington on Sunday, Ahmed explained that the measure was intended to restore Nigeria’s relationship with its neighbours based on commitments made.

She said that President Muhammadu Buhari did not want to approve the closure because he was mindful of the adverse effect it would have on the economies of neighbours.

According to her, there were several engagements between Nigeria and the neighbouring countries toward securing compliance to the rules,…



Source: News Agency of Nigeria