Ahmed why imf supports nigerias border closure
I think there may be some misinformation here.
The International Monetary Fund (IMF) has not publicly stated that it supports Nigeria's border closure. In fact, the IMF has expressed concerns about the economic impact of the border closure on Nigeria's economy.
In October 2019, the IMF warned that Nigeria's border closure could lead to a decline in economic growth, increase inflation, and reduce foreign exchange earnings. The IMF also urged Nigeria to consider alternative measures to address its economic challenges, such as improving trade facilitation and reducing trade barriers.
It's worth noting that the Nigerian government closed its borders in August 2019 to curb smuggling and boost local production, but the move has been criticized for its negative impact on the economy and the livelihoods of many Nigerians.
So, to clarify, the IMF has not publicly supported Nigeria's border closure. Instead, it has expressed concerns about the economic implications of the closure and urged the government to consider alternative solutions.