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Nigeria backs down after 16-month border closure


• How Jan. 1 AfCFTA deadline forced Buhari’s hands
• Operators demand effective border policing
Despite concerns about Nigeria’s readiness to implement the African Continental Free Trade Agreement (AfCFTA), the race to meet the January 1, 2021 deadline appears to have forced the Federal Government to reopen the land borders, having recorded very little gains from its 16-month border closure.
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The Federal Executive Council (FEC), yesterday, approved the recommendation of a committee for reopening of four of the nation’s land borders with immediate effect while stating that others would be “reopened in due course.”
This came following the submission of a report by the committee set up by the Council to examine the implications of the closure among others, led by the Minister of Finance, Budget and National Planning, Zainab Ahmed. ....

Tin Can Island , South Africa , Otunba Niyi Adebayo , Zainab Ahmed , Muhammad Buhari , Ken Ukaoha , Chuma Oruche , Lagos Chamber , National Planning , National Bureau Of Statistics , National Association Of Nigerian Traders , Manufacturers Association Of Nigeria , Corporate Affairs , African Continental Free Trade Agreement , Federal Government , Federal Executive Council , State House Reporters , South West , West African , President Muhammad Buhari , Swift Response , Manufacturers Association , National Bureau , African Trade Report , Democratic Republic , Export Group ,

Breaking News | Nigeria backs down after 16-month border closure


• How Jan. 1 AfCFTA deadline forced Buhari’s hands
• Operators demand effective border policing
Despite concerns about Nigeria’s readiness to implement the African Continental Free Trade Agreement (AfCFTA), the race to meet the January 1, 2021 deadline appears to have forced the Federal Government to reopen the land borders, having recorded very little gains from its 16-month border closure.
The Federal Executive Council (FEC), yesterday, approved the recommendation of a committee for reopening of four of the nation’s land borders with immediate effect while stating that others would be “reopened in due course.”
This came following the submission of a report by the committee set up by the Council to examine the implications of the closure among others, led by the Minister of Finance, Budget and National Planning, Zainab Ahmed. ....

Tin Can Island , South Africa , Otunba Niyi Adebayo , Zainab Ahmed , Muhammad Buhari , Ken Ukaoha , Chuma Oruche , Lagos Chamber , National Planning , National Bureau Of Statistics , National Association Of Nigerian Traders , Manufacturers Association Of Nigeria , Corporate Affairs , African Continental Free Trade Agreement , Federal Government , Federal Executive Council , State House Reporters , South West , West African , President Muhammad Buhari , Swift Response , Manufacturers Association , National Bureau , African Trade Report , Democratic Republic , Export Group ,

Lagos-Ibadan rail service in costly, unfriendly takeoff


Nigerians decry high fares
• Govt should consider social benefits LCCI
The commercial activities of the Lagos-Ibadan Rail Line struggled to a start on Monday. But its speed is being delayed by controversy over ‘elitist’ charges and concern about its commercial viability. There is also skepticism regarding its capacity to generate enough income to repay more than $1.5 billion in debt incurred on the project.
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This week’s inaugural commercial trip only amplified the viability question. It turned out that only one of the several thousands of Nigerians that daily ply the Ibadan-Lagos route was willing and able to buy a seat (at the cost range of N3, 000 and N6, 000) for the 100-kilometer trip in the hundreds-capacity passenger train. ....

Lagos State , Port Harcourt , Nigeria General , Cross River , Abuja Federal Capital Territory , Timothy Olawale , Henrii Nwanguma , Olawale Rasheed , Muhammadu Buhari , Samuel Odewumi , Rotimi Amaechi , Segun Esan , Chuma Oruche , Roland Ataugba , Lagos Chamber , Railway Roundtable , Nigeria Employer Consultative Association , Nigerian Railway Corporation , Manufacturers Association Of Nigeria , Lagos Railway District , Nigeria Railway Corporation , China Exim Bank , Nigeria Union Of Railway Workers , Ministry Of Transportation , Lagos State University , Lagos Ibadan Rail Line ,

Breaking News | Lagos-Ibadan rail service in costly, unfriendly takeoff


• Govt should consider social benefits LCCI
The commercial activities of the Lagos-Ibadan Rail Line struggled to a start on Monday. But its speed is being delayed by controversy over ‘elitist’ charges and concern about its commercial viability. There is also skepticism regarding its capacity to generate enough income to repay more than $1.5 billion in debt incurred on the project.
This week’s inaugural commercial trip only amplified the viability question. It turned out that only one of the several thousands of Nigerians that daily ply the Ibadan-Lagos route was willing and able to buy a seat (at the cost range of N3, 000 and N6, 000) for the 100-kilometer trip in the hundreds-capacity passenger train. ....

Lagos State , Port Harcourt , Nigeria General , Cross River , Abuja Federal Capital Territory , Timothy Olawale , Henrii Nwanguma , Olawale Rasheed , Muhammadu Buhari , Samuel Odewumi , Rotimi Amaechi , Segun Esan , Chuma Oruche , Roland Ataugba , Lagos Chamber , Railway Roundtable , Nigeria Employer Consultative Association , Nigerian Railway Corporation , Manufacturers Association Of Nigeria , Lagos Railway District , Nigeria Railway Corporation , China Exim Bank , Nigeria Union Of Railway Workers , Ministry Of Transportation , Lagos State University , Lagos Ibadan Rail Line ,