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Home Business News Business

FG says the country’s land borders to be reopened soon

Chike Olisah by Chike Olisah
November 25, 2020
in Business, Spotlight
land borders to be reopened soon, Finance, Ministaer, vow to recover AMCON debt through issuance of promissory notes, FG reiterates stance on IPPIS as ASUU threatens strike, Finance Minister, Zainab Ahmed identifies capital market as key driver for economic growth , Nigeria has paid $1.09 billion to service its debts in 2019  , Dividends on oil proceeds will be taxed - FG , State governments own most bad roads - Finance Minister says, Budget deficit increases by N351.98 billion, as FG misses revenue target, Economy: Funding MSMEs in Nigeria , Finance Bill: New tax regime to take effect from Jan 2 - FG , Again, Finance Minister argues that Nigeria is not in debt distress , ECOWAS: Single currency regime not kicking off in 2020  , FG: CBN holds N43 billion stamp duty charges collected by banks , FG may shift deadline to deactivate bank accounts without tax verification, Confusion as ministry and presidency disagree over Finance Act start date, 7.5% VAT: Implementation to begin Feb 1 – FG , Finance Minister: Nigeria to go into recession if ..., Foreign tech companies that will now pay tax to FGN: see the criteria
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The Federal Government has announced that the country’s land borders which have been closed since August 2019 may be reopened soon.

The country’s various borders were shut down to curtail the smuggling and illegal importation of drugs, small arms, food and agricultural products into the country and even the smuggling of petrol from Nigeria to neighbouring West African countries.

READ: Ghanaian govt defends $1million trader’s levy, faults Nigerian borders’ closure

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READ: Border Closure: Open land borders for all not only Dangote Cement – Atedo Peterside

This disclosure was made by the Minister of Finance, Budget and National Planning, Zainab Ahmed, during a media chat with State House correspondents on Wednesday, November 25, 2020, in Abuja.

According to a report by Punch, Ahmed revealed that the presidential committee set up to look into the matter has completed its assignment and has recommended the reopening of the borders.

READ: FIRS rakes in N4.178 trillion revenue, achieves 98.6% of revenue target

READ: Border Closure: Afreximbank boss demands use of Blockchain technology

Although the minister did not disclose when the report will be submitted, she, however, said the committee would soon submit its report to President Muhammadu Buhari after which a formal pronouncement would be made on the matter.


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Tags: Land bordersNigeria NewsZainab Ahmed
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 4

  1. Kunah says:
    November 26, 2020 at 12:12 pm

    Sir, looking at the policy statement by the minister of finance, what is likely to happen on the prices of food items.

    Reply
  2. Abdulbasid Yusuf Usman says:
    November 27, 2020 at 4:59 pm

    God blessed my contries thank baba buhari may God protect my contries

    Reply
  3. Anonymous says:
    November 29, 2020 at 9:42 pm

    Please open the land borders so that we can travel to see our love ones. Please sir

    Reply
  4. James says:
    November 30, 2020 at 11:37 pm

    This border closure has even given rooms for smuggling of goods and fuel across seme border to our neighboring country No security at all.They smuggle goods especially petrol more that before when the border was opened.

    Reply

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