The Nigerian government spent $4.74 billion (N1.85 trillion) on food imports in 2020 after it closed the country’s land borders, the chairman of the presidential economic advisory council, Doyin Salami, has said.
Mr Salami disclosed this at the 2021 National Economic Outlook event organised by the Chartered Institute of Bankers of Nigeria on Tuesday. The programme took place virtually. Nigeria closed its land border in August 2019 to the movement of goods. The government said it planned to curb the smuggling of rice, other commodities and weapons.
“Despite border closure, our national import of food amounted to N1.85 trillion between January and September, 2020, a 62 per cent increase when compared to the same period in 2019,” Mr Salami was quoted by The Nation as saying…
More details through:
News Archive from before July 2018