• 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. x
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.
2020-12-17 13:35:39 GMT2020-12-17 21:35:39(Beijing Time) Xinhua English
by Olatunji Saliu
ABUJA, Dec. 17 (Xinhua) Nigeria s decision to reopen its borders will facilitate implementation of the African Continental Free Trade Area (AfCFTA) agreement, as well as stem the tide of growing prices of goods and services, said local experts.
The effective date for the AfCFTA agreement to come into force ought to have been July 2020, however, it was postponed to Jan. 1, 2021, as a result of the COVID-19 pandemic.
Nigerian President Muhammadu Buhari has approved the reopening of the nation s land borders with neighbouring countries which were shut 16 months ago in a bid to curb smuggling, said Zainab Ahmed, the minister of finance, budget and national planning on Wednesday.
Exchange rates pushed inflation to double digits 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.
• 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.
Roundup: Experts hail Nigeria s decision to reopen borders ahead of AfCFTA implementation - Xinhua xinhuanet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from xinhuanet.com Daily Mail and Mail on Sunday newspapers.