CBN Gov lists border closure’s benefits


The Governor of Central Bank of Nigeria, Godwin Emefiele, has listed the gains recorded by the country consequent to the closure of the nation’s land borders.

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Emefiele reeled out the purported achievements of the exercise on Monday to State House correspondents after meeting with President Muhammadu Buhari at the Villa.

“Recently, and this is the absolute truth, about two weeks before the border closure, the chairman of the Rice Processors Association – incidentally , he owns Umza Rice in Kano – called  me and said all the rice millers and processors had about 25,000 metric tons of milled rice in their warehouses.

“This rice has been unsold because of the smuggling of rice through Benin Republic and other border posts that we have in the country and that he would want us to do something about it.

“Secondly, we also have members of the Poultry Association of Nigeria who also complained that they have thousands of crates of eggs that they could not sell; even some of the processed chickens that they could not sell, also arising from dumping of and smuggling of poultry products into Nigeria,” multiple media reports quoted the CBN governor as saying.


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