Nigeria: IMF Says Border Closure Hurting Benin, Niger Economies, but Offers No Solution

20 October 2019

The International Monetary Fund (IMF), saturday, said the decision of the Nigerian government to shut its land borders with Benin Republic and Niger had begun to have adverse effects on the economies of both countries. But offered no way out. And contrary to report Nigeria has not banned importation of goods from the neighbouring country, but merely insists that all importation from this country must go through proper channels for proper documentation and payment of port charges.

Director, African Department, IMF, Abebe Selassie, said this while responding to questions during an interview with journalists at the ongoing IMF/World Bank Annual Meetings in Washington DC.

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