₦airaland Forum

The Federal Government has admitted that the closure of the country ’ s land borders is contributing to rising inflation .
According to recent figures from the Nigeria Bureau of Statistics , the headline inflation stood at 11. 61 per cent as of October .
The Minister of Finance/ Budget /National Planning , Mrs Zainab Ahmed , told State House Correspondents that inflation rose due to hikes in food prices arising from border closure.
She was responding to questions after the Federal Executive Council in Abuja .

The FEC meeting was presided over by President Muhammadu Buhari .
However , she stated that the closure of the borders was a temporary measure adopted by the government to protect the economy against trade malpractices by neighbouring countries .
“We are still discussing with our neighbours to ensure that we all respect our trade protocols, especially now that the African Continental Free Trade Area Agreement is coming into effect . ”
Source: http://www.naijahitplay.com/2019/11/breaking-federal-government-accept.html?m=1

Funny. Inflation was much higher last year and the two years before when borders were apparently open.

https://www.statista.com/statistics/383132/inflation-rate-in-nigeria/

How true is this news

budaatum:
Funny. Inflation was much higher last year and the two years before when borders were apparently open.

https://www.statista.com/statistics/383132/inflation-rate-in-nigeria/

It isn't funny when you understand statistics and the real impact on poor citizens.

She will soon.denying making such statement or she was misquoted

Xisnin:
It isn't funny when you understand statistics and the real impact on poor citizens.

What's funny is blaming it on border closures.

Heres a graph of inflation last 5 years and the last 12 months.

https://tradingeconomics.com/nigeria/inflation-cpi

budaatum:
What's funny is blaming it on border closures.

Heres a graph of inflation last 5 years and the last 12 months.

https://tradingeconomics.com/nigeria/inflation-cpi

u don't have nano sense. Don't u think buhari is not suppose to exist talk of being a president

kingigwe1:
u don't have nano sense. Don't u think buhari is not suppose to exist talk of being a president

No, I don't "think buhari is not suppose to exist talk of being a president"!

I don't in fact live in a "think" world at all but in the real world where we all campaigned, we all voted, bubu won and is now the President of the Federal Republic of Nigeria!