{"id":17373,"date":"2019-10-29T15:53:28","date_gmt":"2019-10-29T15:53:28","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=17373"},"modified":"2019-10-29T15:53:28","modified_gmt":"2019-10-29T15:53:28","slug":"border-closure-yielding-positive-results-for-nigeria-emefiele","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele","title":{"rendered":"Border closure yielding positive results for Nigeria \u2014 Emefiele"},"content":{"rendered":"

The Central Bank of Nigeria governor, Godwin Emefiele<\/a>, says the closure of Nigeria\u2019s land borders by the Federal Government is yielding positive economic results for the country.<\/p>\n

He said before the borders are reopened, \u201cthere must be concrete engagements with countries that are involved in using their ports and countries as landing ports for bringing in goods that are smuggling into Nigeria.\u201d<\/p>\n

Mr Emefiele<\/a> was reacting to complaints against the border closure from sections of the Nigerian economy and neighbouring countries.<\/p>\n

He spoke on Monday after a meeting with President Muhammadu Buhari at State House in Abuja.<\/p>\n

Nigeria closed its land borders in August, only three months after signing the African Continental Free Trade Agreement. The government said the measure is to curb influx of smuggled goods from neighbouring countries such as Benin, Niger and Cameroon. The goods mostly involved are used cars, used clothes and rice.<\/p>\n

Justification
\nMr Emefiele said there has been an \u201castronomical growth\u201d in the number of rice farmers and local production of the commodity has increased \u201cexponentially\u201d in recent years.<\/p>\n

\u201cBetween 2015 and now, we have also seen an astronomical rise in the number of companies, corporate and individuals that are setting up mills, integrated mills and even small mills in the various areas.<\/p>\n

\u201cAnd the Central Bank and the Federal Ministry of Agriculture and Rural Development have been at the centre of not just only encouraging the production of rice in Nigeria but also funding these farmers by giving them loans to buy seedlings, fertilisers or some of the herbicides that they need for their rice production,\u201d he said.<\/p>\n

The governor, who said the border closure followed complaints by rice processors and poultry farmers, said the government had tried to close the bank accounts of those smuggling or dumping rice on the country.<\/p>\n

\u201cRecently, and this is the absolute truth, about two weeks before the border closure, the chairman of the Rice Processors Association, incidentally, he owns Umza Rice in Kano, he called me and said that all the rice millers and processors were carrying in their warehouses nothing less than 25,000 metric tons of milled rice in their warehouses.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Nigeria governor, Godwin Emefiele, says the closure of Nigeria\u2019s land borders by the Federal Government is yielding positive economic results for the country. He said before the borders are reopened, \u201cthere must be concrete engagements with countries that are involved in using their ports and countries as landing ports for bringing […]<\/p>\n","protected":false},"author":62,"featured_media":13827,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[97,503,653],"class_list":["post-17373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-buhari","tag-cbn","tag-emefiele"],"yoast_head":"\nBorder closure yielding positive results for Nigeria \u2014 Emefiele - Nigeria<\/title>\n<meta name=\"description\" content=\"The Central Bank of Nigeria governor, Godwin Emefiele, says the closure of Nigeria\u2019s land borders by the Federal Government\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Border closure yielding positive results for Nigeria \u2014 Emefiele\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Nigeria governor, Godwin Emefiele, says the closure of Nigeria\u2019s land borders by the Federal Government\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-29T15:53:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Godwin-Emefiele2-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"463\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"alico\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"alico\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\"},\"author\":{\"name\":\"alico\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/50afd2ef4f0e900bd0a176404a8484a7\"},\"headline\":\"Border closure yielding positive results for Nigeria \u2014 Emefiele\",\"datePublished\":\"2019-10-29T15:53:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/2019\/08\/Godwin-Emefiele2-1.jpg\",\"keywords\":[\"Buhari\",\"CBN\",\"Emefiele\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/border-closure-yielding-positive-results-for-nigeria-emefiele\",\"name\":\"Border closure yielding positive results for Nigeria \u2014 Emefiele - 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