President Muhammadu Buhari 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.
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.
The message to our West African neighbours is that Nigeria is once again fully open for those willing to conduct business in a fair and equitable way.
Nigeria had in August 2019 closed its land borders to curtail illegal importation of drugs, small arms, and agricultural products into the country from neighbouring West African nations.
But the Federal Government on December 16 ordered the immediate reopening of the Seme Border in Lagos State, Illela Border in Sokoto State, Maigatari Border in Jigawa State, and Mfun Border in Cross River State.
The opening of the borders is coming in the wake of a second recession in four years. The Federal Government, however, stated that the country’s economy will recover from the recession by the first quarter of 2021.