How 15-month border closure almost ruined private sector — Presidential panel


President Muhammadu Buhari ordered the reopening of land borders because of the very high inventory of unsold finished manufactured goods, especially those with market bases and significant presence in West Africa, which ultimately led to unemployment and poor credit rating.

A presidential source told Nigerian Tribune on Sunday evening that the administration felt it had already made the point by signalling to some of the neighbouring countries that Nigeria would no longer sit by and allow some of the untoward economic onslaught against the country to go unchecked.

After about 15 months of closure, Buhari was said to have realized that ordinary Nigerians and the private sector were…

Source: Nigerian Tribune