The Chief Executive Officer (CEO) of Kam Industries, Kamorudeen Yusuf, has urged the Federal Government to replicate the closure of Nigeria’s land borders by securing the country’s sea borders.
Yusuf called the attention of government to the steel sector, saying that Nigeria’s seaports are still porous, with the Nigerian market flooded with substandard steel products.
He stated this recently in Kwara State during a familiarisation visit by the Minister of Mines and Steel Development, Olamilekan Adegbite, to his privately owned steel manufacturing industry.
Yusuf said as government continues to strive towards diversifying the economy, ”there is need for government to …
Santuscom Agro-Hub Investment Nigeria Limited, producer of Ogoja Rice, has said it will crash the prices of local brands as it begins harvest at its 1,000-hectare farm in Okpoma, Yala Local Government Area of Cross River State.
The Chairman and Chief Executive Officer of Santuscom, Chief Paul Santus, made this known while speaking with journalists on the farm’s effort to cushion the effect of rising prices of rice domestically as a result of the closure of the land borders.
Chief Santus said the Ogoja Rice brand would sell for N14,000 ahead of the Christmas and New Year celebrations.
Since the …
The Administrative Secretary of the association, Dr Bola Asiru, said on Tuesday that the border closure and its attendant increase in the cost of imported raw materials had positioned cassava as a priority crop for industrial use.
Asiru spoke with the News Agency of Nigeria (NAN) in Lagos.
He noted that though Nigeria was the highest producer of cassava, governments did not give it priority attention in the past.
Asiru said that
• Order Nigerian businesses to leave markets by Nov 14
• Customs halts fuel supply to frontier filling stations
Nigerians doing business in Ghana have been asked to quit their shops by Thursday, November 14, 2019, or be forcibly evicted in apparent retaliation against the Federal Government’s closure of the border.
The ultimatum was issued by the Ghana Union of Traders’ Associations (GUTA) and the Ghana Electrical Dealers Association (GEDA).
One of the notices sighted yesterday at strategic locations in markets across Ghana, especially in Kumasi, reads in capital letters: “Attention! Attention! Attention! According to the Ghana Investment Promotion Centre …
Omo-Agege who was represented by Mr Efe Duku, his Special Adviser on Legislative and Plenary Matters, said that the Parliament agreed with the decision of President Muhammadu Buhari on the land border closure.
The Deputy Senate President explained that the non-compliance with the provision of
Vice President Yemi Osinbajo yesterday in Benin, Edo State, implored Nigerians to bear with the federal government over the closure of Nigeria’s land borders with neighbouring countries.
Osinbajo, who spoke at an ongoing town hall meeting, which coincided with the National Festival of Arts and Culture (NAFEST) in Edo State, said that the border closure was in the interest of the country and local producers, especially farmers.
He also explained that government closed the borders because “we want our neighboring countries to begin to take us very very serious.”
Osinbajo was responding to a question by the Vice President of …
The move would create an opportunity for local producers of commodities such as rice, vegetable oil, palm oil and other agricultural produce to increase production and meet local demand.
But the nation’s inflation numbers have become the first casualty
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•Customs arrest 50 suspects, seize 14 trucks Accuse residents of border towns of complicity
Despite the closure of Nigerian land borders by the federal government in the last three months, smuggling still persists at the border between Nigeria and Niger Republic, our investigation has revealed.
Newsmen gathered that at the border between Jibia in Katsina State and Niger Republic, smugglers have resorted to the use of illegal routes to ferry in bags of foreign rice, bales of second-hand clothing and other contrabands.
However, the Nigeria Customs Service (NCS) has dismissed the observation, calling for either a photograph or video evidence …
The Minister of Information and Culture, Alhaji Lai Mohammed says ” there is no gain without pain”, Nigerians must endure the temporary effects of the closure of the borders to reap the attendant benefits.
The minister stated this on Monday when he paid a working visit to the new corporate headquarters of “The Sun” Newspaper in Lagos.
The News Agency of Nigeria (NAN) reports the minister, who said that the visit was part of his ongoing media tour, was received by the management of the newspaper led by Mr Onuoha Ukeh, the Managing Director and Editor-in-Chief.
Fielding questions from the …
The Ohanaeze Ndigbo has taken a swipe at the recent closure of the nation’s land borders by the Federal Government.
This is as Igbo traders under the auspices of southeast Amalgamated Market Traders Association (SEAMATA) said the continued closure has crippled their trading activities.
Enugu State chapter of the Ohanaeze said the border closure has inflicted more pains and hardships on the poor.
President of Ohanaeze Enugu State, Alex Ogbonnia, at a briefing after a meeting at the weekend, said it was an act of hypocrisy to shut borders to rice importation, while foreign exotic cars were given the …
• Stakeholders Express Worry, Task Govt On Ports’ Efficiency
• Fear Grip Importers Over Imminent Delay Of Cargoes
• More Vehicles Imported Through Seaports
Barely five days after the complete closure of Nigerian borders, there are palpable fears that the increasing volume of cargo to the seaports may worsen the congestion phenomenon.
Already, port operators have confirmed increased patronage, but there are rising concerns that the prevailing challenges at the seaports may hamper swift cargo clearance and evacuation.
Our reporters’ investigations revealed that many of the terminals in Lagos ports are currently experiencing congestion, with about 80 percent of the …
Mr Abebe Selassie, the Director of the African Department at the IMF, gave the position at a media briefing on the sidelines of the World Bank/IMF Annual Meetings in Washington.
He was responding to a question on whether the closure negates the African Continental Free Trade Agreement (AfCFTA).
Selassie said although free trade was critical to the economic growth of the continent, it must be legal and in line with agreements.
`On the border closure in Nigeria which
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