Stakeholders in the manufacturing sector have faulted the Federal Government over the country’s poor economic performance.
This development came amid the recession Nigeria just plunged into.
With the economic downturn, stakeholders in the manufacturing sector, including those under the auspices of Manufacturers’ Association of Nigeria’s Export Group, Abuja Chamber of Commerce and Industry (ACCI), have in separate in interviews blamed the President Muhammadu Buhari-led government.
They unanimously agued that should land border not be closed as it has been, the economy would be functioning well.
According to the stakeholders, the closure of land borders was not a smart move, as it will definitely have a negatively impact on the economy, especially when the country suffering from the recession.
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ACCI Director, Adetokunbo Kayode maintained that the decision made by the government to close the borders without talking with the private sector playersvery bad
similarly, Muda Yusuf, LCCI Director, said arose.
said: “Phave on T”
Without mincing words,
Meanwhile, the Minister of Finance, Budget and National Planning, Zainab Ahmed, asserted that the committee on border closure set up by the President, Major would submit its report soon.
It can be recalled that on August 20, 2019, the government closed land borders to put an end to smuggling in the country and boost local production.
The closure also required that neighbouring countries check smuggling from their own end.
To this effect,The President set up a ministerial committee consisting of Zainab Ahmed, Rauf Aregbesola, Geoffrey J Onyeama, as well as heads of immigration and customs to assess the decision.
It came as a surprise that after more than a year, the committee was yet to submit its report to the President.
Now that their attention has been drawn, ahmed maintained that the
disclosed that had no Plan(ESP)
addressing the current recession situation in the country,explained that the ESP designed course.
Dollar to naira again traded on Friday, October 22, 2021, and activities in the foreign exchange (forex) market, saw the Nigerian local currency exchanged...
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