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Posted on Oct 26, 2019

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Border closure is not to generate revenue but to force other countries to respect us – Finance Minister

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Border closure is not to generate revenue but to force other countries to respect us – Finance Minister

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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the border closure is for other countries to adhere to the commitment on a bilateral agreement made over the years.
According to Zainab Ahmed who spoke to some select journalists about some challenges facing the economy while asked if the closure of the border one of the new ways of increasing traffic at the ports and generating revenue said it’s because we were not getting cooperation with our nneighbouring countries.
She said thus:- We have over the years committed to some alliances and bilateral agreements but our neighbours are not respecting that bilateral agreement and at this time when the President has signed Nigeria up to the African Continental Free Trade Agreement , it becomes more important for us to make sure everybody complies with the commitments that are made .
The practice our neighbours have engaged in is hurting our economy ; it’s hurting our local businesses and we have to make sure that stops. That is the purpose of the border closure and not to generate revenue. So if revenues are generated , it’s a consequence but that ’s not the purpose.
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