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The President, Major General Muhammadu Buhari (retd.), says the recent reopening of the land borders will boost the fortunes of business owners in the country.
Buhari, who stated this in his 2021 New Year Broadcast on Friday, informed West African neighbours like Ghana, Togo, Benin Republic, amongst others that Nigeria is now “fully open” for business in the Year 2021.
He said, “With the recent opening of our borders, we expect that the pent-up demand of legitimate cross-border and international trade will boost the fortunes of the many small businesses and agricultural enterprises that depend on Nigeria’s trade and commerce.
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Seme border
As expectations are high about the reopening of more land borders to regional trade this week, the country would address hiccups in its trade policies to optimize the benefits of the African Continental Free Trade Area (AfCFTA) scheduled to take off January 1, 2021.
The Federal Government recently reopened four borders – Seme border in the South West, Illela and Maigatari border in the North West and Mfun in the South South with optimism that others would be reopened on December 31. This action would enable Africa’s largest economy to participate fully in the long-awaited Africa’s single market.
The border closure, which lasted for 16 months, posed different challenges to cross-border traders, corporate entities and private engagements around the regional line.
Traders: we are waiting for borders to reopen - The Nation Nigeria News thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.
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Kayode Oyero
As Nigeria reopens four of its land borders to economic activities, a Professor of Virology, Oyewale Tomori, has called for vigilance on the part of the authorities to forestall fresh imported Covid infections, especially as the country battles the second wave of the pandemic.
Tomori, who is the Chairman, Expert Review Committee on COVID-19, spoke on a PUNCH Online interview programme,
The Roundtable.
He said the government is not prepared for the fresh cases of the virus that would be imported into the country as economic activities resume along the borders, adding that Nigeria’s overburdened health facilities don’t have the capacity for more COVID-19-infected persons.