The Minister of Finance, Mrs . Zainab Ahmed, says the International Monetary Fund supports Nigeria’s closure of its land borders because it understands that the action is not punitive .
Addressing newsmen in Washington on Sunday, Ahmed explained that the measure was intended to restore Nigeria’ s relationship with its neighbours , based on commitments made.

She said that President Muhammadu Buhari did not want to approve the closure because he was mindful of the adverse effect it would have on the economies of neighbours .

According to her, there were several engagements between Nigeria and the neighbouring countries toward securing compliance to the rules , “ but things got worse ” .
“ Of course, there will be economic impact on the side of our neighbours due to the border closure, that is a consequence of it.

“ In a manner of speaking, IMF supports the border closure that we have done because they understand that the closure was not meant to be punitive.

“ It was meant for us to restore our relationship with our neighbours back to the commitments that we made .

“ The commitment that we have among these countries is that goods can come through their ports to Nigeria.

“ They are supposed to come in sealed containers escorted to Nigeria for the Nigeria Customs Service to inspect the goods and charge them.

“ But that is not what is happening. They allow containers to be opened, and also allow goods to be smuggled beyond the formal borders through several illegal routes,’’ she fumed.

The minister reiterated that Nigeria would ensure that rules were obeyed now that it had committed itself to the African Continental Free Trade Area ,“ otherwise local industries will suffer .”
She said that a lot of discussions were ongoing between Nigeria and the affected countries toward securing their re- commitment to the rules governing cross - border trade.

SOURCE: https://punchng.com/why-imf-supports-nigerias-border-closure-minister/

Till now the relationship hasn't been restored? Hmm Nigeria...we are always adding extra in everything we do

Truth is customs have failed. Nigeria just pushing the buck to the neighbouring countries

Nigeria will end up regretting this.

I don't think they support the border closure. I don't care though.

IMF should go with their abracadabra economics. I don't know any country IMF has ever made to stand or grow. They only give one naira and take back ten naira with other stringent conditionalities. Thank God buhari and Adesun understood them very well from the onset of this administration and shunned them. So this they are doing is just pretext.

It is the duty of Customs to find a way to stop the illegal passage of goods into the country. Goods enter into this country as a result of corruption. But the indefinite closure of the borders is not the solution.
What the government has done is akin to throwing the baby with bath water.

Omo even if u hate Buhari u must commend the border closure. Imagine some countries getting subsidized fuel thru our land border... Subsidy na scam abeg

Defending foolishness.

Enough of border closure.
There’s no going back until the affected countries do the needful.
However, I believe it’s time the youths start looking inward on how to capitalize on this.
Farming and local small scale manufacturing will boom in couple of months.
For the wise, use your head.
God bless Nigeria.

They have no choice than to support it. It's our border

Hmmm...what do you expect from them before? They should fight FG?


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I don't understand wetin concern imf with naija now abi na dem dey behind this border closure all their advice to our government has never been good to nigerian masses. Is this another game of neocolonialism this world is just crazy with africa's puppet government.

Fvck or bleep y'all

Why won't they support it, sine they all have more than enough and have stolen enough to cater for their generation unborn... Las Las na still d masses go suffer am

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donprinyo:
Defending foolishness.

Seems you’re more foolish if you can’t understand the underlining gain of this great move.
However, I won’t be surprised if you’re one of those that benefit from these smuggling activities.
Sorry to burst your bubbles , the end has come. Find something legit to do.

Our economy must be priority. Local industries opportunities to thrive and produce many of these imported commodities.


See signature.

The neighbouring country should either adhere to the rule or the border will forever remain closed.

if you like close all the borders, it won't affect me

Personally I support the closure.
I understand its effect on Nigerians too but las las we will be okay.
Let's do something good for once.

I swear this border closure is really generating heat ...indeed we are supposed to be giant of Africa if not for some of our selfish leaders.



Why not visit my signature in this ember months ..to enjoy yourself.

Goodluck Jonathan would not have the balls to implement a policy such as this. Buhari will be remembered for implementing such laudable policies as BVN, TSA, and border closure

Good move..

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Its good things to secured our home.