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The Acting Director General of Manufacturers Association of Nigeria (MAN), Ambrose Oruche has released a report that showed that the on-going partial border closure has resulted in a decline in the volume of trade within Economic Community of West African States (ECOWAS) from 12 per cent to 7 per cent.
Giving more insights in an interview, Oruche said the business disruption caused by the Federal Government’s land border closure will continue to haunt several businesses both old and new in Nigeria for years and even after reopening.
Continuing, he explained that the closure has severely affected the shipment of Nigerian manufactured goods to the ECOWAS countries both by land and seaports as goods originating from the country now face rejections in parts of the community as acrimony and retaliation set in among trading partners over Federal Government’s refusal to re-open the borders.
MAN argued that it was unacceptable for the Federal Government to shut down the borders in the name of smuggling of agriculture produce and ammunition at the detriment of trade promotion and facilitation along the ECOWAS trade corridor.
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