PoliticalWitch:


Regardless, the world has.moved.on economically from the days of closed borders.

Let's be honest, is the government doing anything to improve domestic productivity.? Or doing things like removing oil subsidy that would make smuggling fuel difficult for example?

Pumping money (billions) into the anchor borrowers' programme thru the CBN for rice farmers evidences govt total effort at improving local productivity.

buhariguy:
their only achievement was to sabotage the economy by creating jobs for other countries through importing what we can produce here

U are only repeating urself. U haven't answered d question. D question is this: How has buhari done better than obj& GEJ with regards to d economy?

I mean explain how buhari has done better than d points u raised about obj and gej

ken6488:

Yea true

That one mean say we go close everywhere

alhassanyusuf29:
Chai!! Nyamuri flat.heads won't like this! Their RadioBiafra statistics goes contrary to this

How can IMF say this after ibo gave Donald trumps 60% votes

almajiri you guys can't reason beyond your uncircumcised d! ck

Goldencheese:
Well, I hope the outcome of this border closure will benefit Nigerians eventually. I just hope.

I believe it will.

lexy2014:

That one mean say we go close everywhere

abeg Buhari just ONE comot food from some people Mouth

OakConsultNG:
It is actually the right move by the government..

Meanwhile, did you know you can get your company registered for as little as 59 thousand naira? Well, check our profile for contact details to enjoy this offer.

so that France would continue raping Togo Chad and niger republic.
Nigeria is needed to rally Africa for economic growth.
The imf is hypocritic because Europe have free movement and trade but are unhappy since the signing of free trade among Africans.

ken6488:


abeg Buhari just ONE comot food from some people Mouth

Maybe that is d primary plan

hollowpot15684:


I believe it will.

How would it?

boarder closure with low local productivity and lack of govt support base for entrepreneurial will end us in regret in no time, if rapid measures is not put in place to fill the vacuum, the boarder closure is causing average Nigerians



buhari in his first term ban I passed my neighbor without stabilizing the power sector, this made many Nigerians who can't afford more than I pass my neighbor to be totally confused



this man pattern of govt is archaic and meaningless, he's not a lifetime president, someone should inform him of that

lexy2014:

Maybe that is d primary plan

LoL Yea

alhassanyusuf29:
Chai!! Nyamuri flat.heads won't like this! Their RadioBiafra statistics goes contrary to this

How can IMF say this after ibo gave Donald trumps 60% votes

You are a clown.
What does abokii contribute to the economy.?
Better focus on your kettle.

It is the same nyamurii that uses the ports and make business possible and wait for the next federal allocation.

When nyamurii is talking economics, abokii should shut up.
You contribute nothing, do nothing and earn nothing.

PoliticalWitch:


Regardless, the world has.moved.on economically from the days of closed borders.

Let's be honest, is the government doing anything to improve domestic productivity.? Or doing things like removing oil subsidy that would make smuggling fuel difficult for example?

To stop fuel smuggling raise price of fuel to a price that would make it unprofitable for smugglers.

Use toll gates to charge a levy on vehicles bringing in smuggled goods to make it less attractive for transporter.

Station customs at unloading bays / entry point to charge a final levy at all major markets . Perhaps only those transporter willing to follow very stringent procedure that proof their load are not smuggled will have much lower levy or be exempt.

lexy2014:


Since u understand national issues, I am surprised that u can't even attempt d slightest explanation of d so called national issues. Would I b wrong to say u no nothing on d subject u are flaunting?

Explain to you?

Best President in the histroy of Nigeria.

God Bless PMB

God Bless Nigeria.

.

NGpatriot:
Best President in the histroy of Nigeria.

God Bless PMB

God Bless Nigeria.

.

Learn to spell " history " first before supporting a dimwit president.

A clock is right twice in a day, doesn't make it good.

lexy2014:


Despite all d drugs that are smuggled into d US from Mexico, d US didn't close its border to Mexico. Instead it improved d capacity of its customs officers to stop any attempt by anyone to smuggle things out of or into d US.

can US allowed anything they can produce to enter into their country? Especially food

alhassanyusuf29:
Chai!! Nyamuri flat.heads won't like this! Their RadioBiafra statistics goes contrary to this

How can IMF say this after ibo gave Donald trumps 60% votes

.. A whole lot is wrong with this new generation nairalanders walahi.. This forum used to be a place that fostered unity among Nigerian.. U lots turning this place into some stupid place lately..

[s]

RTSC:

Learn to spell " history " first before supporting a dimwit president.

A clock is right twice in a day, doesn't make it good.

[/s]


Wetin concern me with bitter, frustrated, angry, wailing ipob bigot and enemy of Nigeria?

lexy2014:


U are only repeating urself. U haven't answered d question. D question is this: How has buhari done better than obj& GEJ with regards to d economy?

I mean explain how buhari has done better than d points u raised about obj and gej

this Govt has reduce importation and encouraging local production, far better than pdp govt

[Bad belles][/s]

alhassanyusuf29:
Chai!! Nyamuri flat.heads won't like this! Their RadioBiafra statistics goes contrary to this

How can IMF say this after ibo gave Donald trumps 60% votes

hollowpot15684:


I believe it will.

Thanks. Let me share in your optimism!

I support this move by FG.
There has been a lot of irregular activities in our borders which is not good for the economy.
The border closure is temporary, but it will make our neighbours to sit up.

Also its goof for local production. Demand will arise for local products, enough of using our scarce foreign reserve to be patronizing other economies through importation. When local products are patronised, local companies will innovate and bring out better products. While the government will then use our foreign earnings to improve on infrastructures like good roads, power, railways, education, health, etc.

That's the path that any Nation that wants to develop takes.
I have criticized the president on handling of the economy, but on this one he is right.
That's why IMF is supporting the policy because its good for economic expansion and growth.

lilwetdick:
who cares

closing the border is good for dangote and other producers of made in Nigerian Goods, the Chinese have been using neighboring countries to undermine our manufacturing base.

border closure is not good for Dangote, the man is feeling the heat.

thedio:
border closure is not good for Dangote, the man is feeling the heat.

who told you he is feeling the heat, someone that was complaining recently in an interview with mo ibrahim about republic of benin not wanting his cement and importing cement from china, some of these cement have found their way into Nigeria...i be will be surprised if this border closure isnt his idea.

RTSC:

You are a clown.
What does abokii contribute to the economy.?
Better focus on your kettle.

It is the same nyamurii that uses the ports and make business possible and wait for the next federal allocation.

When nyamurii is talking economics, abokii should shut up.
You contribute nothing, do nothing and earn nothing.

Idiotic pigs are only good in sabotaging the economy, the north are the real contributor to our economy, they produce almost everything food and meat we needed while idiotic pigs import the same just to destroy the economy

Bighead9:
Buhari is working, this is the reason why we Igbo's love him.

God bless and protect President Buhari.

But no noise come 2013 o!

He's working now o, Igbo love him die.

Border closure results: Time will soon tell the winners and the losers. No need for any hurry.

It is only sensible that the IMF should support free trade. No one should support what is going on at the land borders with respect to smuggling. Not particularly now when the government is strapped for cash. Do your business legally, pay your duties on the goods imported, do it legally. No government will say no to such. Where is the sense in subsidising your neighbors' economies by leaving your own borders to be porous and killing the industry of your own citizens? While all the time, letting citizen smugglers of other countries grow fat at your expense?

alhassanyusuf29:
Chai!! Nyamuri flat.heads won't like this! Their RadioBiafra statistics goes contrary to this

How can IMF say this after ibo gave Donald trumps 60% votes

You don't have sense

Besides Lagos, I have yet to think of any region that makes locally manufacturered goods like Southeast Nigeria.

This move will favour the Igbos, so you should have sense for once.

phyllosilicate:
…Urges speedy resolution of issues

The International Monetary Fund has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington D.C.



He was responding to a question on whether the closure negates the African Continental Free Trade Agreement, AfCFTA.

Selassie said although free trade was critical to the economic growth of the continent, it must be legal and in line with agreements.

READ ALSO: Governors behind illegal mining of gold, zinc, others –Minister, Senate panel

“On the border closure in Nigeria which has been impacting Benin and Niger, our understanding is that the action reflects concerns about smuggling that has been taking place.

“It is about illegal trade, which is not what you want to facilitate,’’ Selassie said.

He said the IMF was hoping for a speedy resolution of the issues as the action was already taking a toll on the economies of the country’s neighbours.

“We are very hopeful that discussions will resolve the challenges that this illegal trade is posing.

“If the border closure is to be sustained for a long time, it will definitely have an impact on Benin and Niger which, of course, rely quite extensively on the big brother next door,’’ he said.



On Wednesday, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the borders were closed to curb illegal trading activities by Nigeria’s neighbours.

(NAN)

https://punchng.com/imf-backs-nigeria-on-border-closure/?fbclid=IwAR1O90tl_FdoOQkh84P-9RSzNTtCLs0ORfWWmMjtuh6tXzDyEax1Ss-5SlI

Fake IMF.