What Neighbouring Countries Must Do Before Nigeria Reopens Border - Emefiele
President Buhari discusses with Central Bank of Nigeria Governor Godwin Emefiele during the 4th Presidential Task Force meeting of ECOWAS on common currency for member states (file photo: State House)

Countries bordering Nigeria must engage with the country before it could reopen its border, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, insisted on Monday.

The border has been closed for some weeks now due to the substandard products that are smuggled and dumped into the Nigerian markets.

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Emefiele spoke with newsmen after a closed-door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja.

Some Nigerians have questioned the government’s decision to close the border, saying that it is having negative impact on the country’s economy.

But the CBN governor also claimed that the Nigerian economy is doing well with the closure of Nigeria’s borders.

According to him, the border closure is helping to create more jobs for Nigerians, while local producers of rice and poultry, among others, are now able to sell their goods.