Latest news on nigeria border closure

Here are the latest news updates on the Nigeria border closure:

Latest Developments:

  1. Extension of Border Closure: The Nigerian government has extended the closure of its borders with Benin, Cameroon, Chad, and Niger until further notice. The initial closure was announced on August 20, 2019, and was supposed to last for four weeks.
  2. Economic Impact: The border closure has had a significant impact on the Nigerian economy, with the country's trade volume declining by 40% in the first quarter of 2020. The closure has also led to a shortage of essential goods, including food and fuel.
  3. Smuggling: The Nigerian government has accused neighboring countries of smuggling goods into the country, including rice, vehicles, and petroleum products. The government claims that the smuggling is costing the country billions of naira in revenue.
  4. Diplomatic Efforts: The Nigerian government has been engaging in diplomatic efforts to resolve the issue with neighboring countries. In recent weeks, there have been meetings between Nigerian officials and their counterparts from Benin, Cameroon, Chad, and Niger.
  5. Economic Benefits: Despite the challenges posed by the border closure, the Nigerian government claims that the move has led to an increase in local production and a reduction in the country's trade deficit.

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I hope this information is helpful.