A former Chairman, Senate Committee on Police Affairs, Senator Abu Ibrahim, Friday listed measures Nigeria should take to reopen its closed borders.
In August, President Muhammadu Buhari ordered the closure of Nigeria’s land border with Benin Republic essentially to prevent smuggling and other nefarious activities. The introduction of joint border patrols between Nigeria, Benin and Niger, he said, indicate a growing realization of the importance of cross-country collaboration to address smuggling issues.
“This is particularly true for agriculture and the wider food economy, in which investments in land, machinery and storage or transport facilities require amortisation over multiple years” he said. Supporting private sector development, he said, requires more than just protection of domestic producers from imports.
He noted that “insulating domestic markets does not help to reduce the inefficiencies that cause transaction costs to spike” but “only forces consumers to bear the burden of the costs.”
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