Why We Closed Nigeria’s Land Borders - Buhari - NIGERIAN TRIBUNE
says country's capacity to manufacture, create jobs hampered by few Nigerians
PRESIDENT Muhammadu Buhari has lamented that the potential of Nigeria to manufacture goods and create jobs locally is severely hampered by a handful of Nigerians who choose profits over patriotism.
He justified the closure of Nigeria’s land borders for a limited time due to massive smuggling activities adding that this had started to yield positive results.
He spoke on Friday at State House Abuja when he received a delegation from the Nigerian Association for Chamber of Commerce, Industry Mines and Agriculture (NACCIMA), Federation of West African Chambers of Commerce and Industry (FEWACCI) and representatives of the Organised Private Sector (OPS).
Buhari warned that everyone must play by the rules when it comes to trade and business activities that were central to Nigeria’s economic development.
Special Adviser to the President on Media & Publicity, Mr Femi Adesina in a statement quoted Buhari saying “unfortunately, in recent times, many traders simply do not play by the rules”.
The President said: ”After many years of diplomacy and aggressive regulatory oversight which yielded few results, we decided to close our land borders for a limited time to assess the impact of this measure.
”Within a few short weeks, we are already seeing a decline in the volumes of counterfeit smuggled goods in some of our major markets across the country.
”This validates our action as a Government when we insist that the African Continental Free Trade Agreement (AfCFTA) must not only promote free trade but legal trade of quality made in Africa goods and services,” he said.
He reiterated the commitment of his administration in ensuring that the trade and business sector continues to flourish in job creation, noting that a critical success factor was the adherence to law and ethics by all stakeholders.
He said: ”Our markets are flooded with smuggled and counterfeit goods. By these selfish practices, we help keep foreign factories working while closing ours.
”From medicines to electronics to food items, our potential to manufacture and create jobs locally is severely hindered by a handful of Nigerians who choose profits over patriotism.