meccuno:
Untill the 3rd mainland bridge falls down or the Abuja airport catches fire before this useless government knows that this policy has no weight or direction for the Nigerian economy. Buhari has a way of destroying any thing that he touches.

Empredboy:
LAGOS – As the impact of the closure of Nigerian land borders continues to bite, more than 98 firms operating in the country have relocated to other countries in West Africa in the past three weeks, while others have lost millions of naira and are near collapse.

Comrade Saviour Iche, the national president of the Association of Micro-Entrepreneurs of Nigeria (AMEN), made the disclosure while speaking at a press conference in Lagos at the weekend.

He stated the said the companies moved to other countries because of the negative impact the border closure was having on their businesses, adding that many others will follow suit if the situation persist.

He said that operating environment in other countries in west Africa are better, adding that governments of other countries offer incentives and support to entrepreneurs.

He said the closure of the borders has had some positive effect like increased revenue for the government, but argued that the negative impact was greater on the general economy.

According to him, there are many Nigerian businesses that export their goods and services across Nigerian borders, adding that most of these companies are losing millions of naira on a daily basis.

Iche disclosed that many of them have reduced their operations and their number of workers, adding that if the situation continues, many of them will close shop soon.

https://www.independent.ng/border-closure-98-firms-relocate-others-lose-millions/?fbclid=IwAR3mTW7Mb8pnzStjx9YU89kEBHEV2CR3fgq6YYyJ63tv7aD2i6WBCH75e7A

kunleweb:
FarahAideed what have I been saying

FarahAideed:


Exactly !!!! Only Buhari and his full zombies think this border closure nonsense will help our economy and the CBN governor instead of telling the truth is licking ass in Abuja

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!

ScotMisile:
N5b daily through Nigerian Ports? Pls, the borders should remain closed.

eTECTIV:
Last last d govt is jus deceiving itself becos d country is suffering more

ScotMisile:
N5b daily through Nigerian Ports? Pls, the borders should remain closed.

chriskosherbal:
Can we please know the names of the firms and what they are producing as this will go a long way in getting a good understanding of the issue at hand.

Mcreloaded:
I pray.

Super story, where will they relocate to when the market is here in Nigeria and those that left when Nigeria was in recession are now regretting it and are looking for ways to come back.

My own take is that this border closure should have happened ay the early stages of planting season to prepare farmers to farm more lands and cultivate more rice farms, and secondly government should do something urgently about electricity as it is one of the major reasons industries relocated to Ghana in the first place and electricity availability will bring more industries to come to Nigeria as we have the population and petro dollars which makes Nigeria a sgrong market.

niyisky:
You people will just sit in a corner and fabricate lies, just to discredit the government. Hate! I guess...98 firms without names, industry sectors etc...is easy to just relocate a business like that?

Haters, I hail una!