How Nigerian Borders Closure Would Boost Economy – Prof. Akintola

MURIC made the plea in a statement by its director, Professor Ishaq Akintola, in which it commended the government for closing the country’s borders, a decision it described as capable of protecting the country’s economic interests.

The organisation described the government’s decision as long overdue, just as it also implored citizens who are involved in “economic sabotage” to seek noble ways of survival.

“This decision is long overdue. Nigeria should not continue to be the economic fall guy of its neighbours. Anyone familiar with recent happenings in the global community will know that governments all over the world are taking economic decisions to protect their citizens.

Britain’s Brexit saga and the United States border conflict with Mexico are good instances. The same America is engaged in cut-throat trade war with China.

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“Our borders have been hurting other products. Petrol is a good example. The Petroleum Products Pricing Regulatory Agency, (PPPRA), recently revealed that Nigeria was using 61 million liters daily before the closure but this has reduced to 50.22 since Nigeria closed its borders.

This implies that daily supply of petrol for local consumption has drastically reduced by 10,078,000 liters. This reduction is a vehement testimony to the wisdom in Federal Government’s decision to close Nigeria’s borders.