Border Closure Has Boosted Sales Of Local Goods, Says Ex-MAN Chairman

Related stories

Mystery Buyer of First Bank Stake Spurs Query From Nigeria’s SEC

A week after Foluke Oyeleye and Ayoola Otudeko sold...

Thailand recalls ambassador to Cambodia amid border tensions

Thailand has recalled its ambassador to Cambodia and will...

For Aisha Buhari at a time like this By Funke Egbemode

By Funke Egbemode She was only 18 years old when...

2027: Four Senators Dump PDP as APC Numbers Rise To 70 in Upper Chambers

• PDP's Plummet to 50 By Abiola Olawale  Four senators on...

Mr Wale Adegbite, a former Chairman, Manufacturers Association of Nigeria (MAN), Ogun Chapter, has said that the closure of Nigeria’s land border had enhanced sales of locally produced goods in the market.

President Muhammadu Buhari, on Aug.20, ordered partial closure of land borders due to economic and security threats.

In an interview with NAN in Ota, Ogun, Adegbite said that local companies now had a level playing field to compete with foreign goods imported into the country.

According to him, the closure of the border had stopped entry of goods into the country from the neighboring countries without payment of appropriate duties, and, which thereby stiffled sales of local goods.

Reacting to the Federal Government’s decision to extend closure of land border until January 31, 2020, former MAN chairman said that the decision was a welcome development.

“Our neighbours have not created a level playing field for manufacturers to operate as goods enter Nigeria through the land borders without payment of correct duties.

“Thus, creating a non-level playing field for manufacturers in the country and this affected their profit margins.” he said.

According to him, the closure of the border has resulted in less smuggled goods coming in from the land border. He said that this development had generated more revenue for the country and the manufacturers could compete effectively with goods coming in through the ports, where proper duty is paid.

Adegbite advised the Federal Government to do all within its powers to protect industries in Nigeria.

'Dotun Akintomide
'Dotun Akintomide
'Dotun Akintomide's journalism works intersect business, environment, politics and developmental issues. Among a number of local and international publications, his work has appeared in the New York Times. He's a winner of the National Youth Service Corps (NYSC) Award. Currently, the Online Editor at The New Diplomat, Akintomide has produced reports that uniquely spoke to Nigeria's experience on Climate Change issues. When Akintomide is not writing, volunteering or working on a media project, you can find him seeing beautiful sites like the sandy beaches that bedecked the Lagos coastline.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Mystery Buyer of First Bank Stake Spurs Query From Nigeria’s SECThailand recalls ambassador to Cambodia amid border tensionsFor Aisha Buhari at a time like this By Funke EgbemodeSaraki Blasts Atiku, David Mark, Dino Melaye, Dele Momodu, Other PDP Defectors, Says Mass Exodus Lacks Vision2027: Four Senators Dump PDP as APC Numbers Rise To 70 in Upper Chambers[VIDEO]: Battle Rages As Amaechi Storms Rivers, Pulls Unprecedented Crowd for ADCOil Price Swings Challenge Big Oil Trading ProfitsOba Otudeko: EFCC Drops ₦12.3 Billion Fraud Case After FirstHoldco Shares SaleReconsider Travel to Nigeria, Somalia, Libya, Chad, DRC, 7 Others, US Tells Citizens in Latest Travel AdvisoryDrama as Trump Accuses Obama, Biden, Others of Alleged Treason, Vows To Go After themSuper Falcons dethrone South Africa, romp into WAFCON final in MoroccoBig Oil’s Power Couple Heads to GuyanaThe U.S. Has Only The 10th Most Powerful Passport: Here’s What That Means2027: PDP Eyeing Jonathan, Others for Presidential Race, Party Official Reveals$24 Billion Loan: Senate Approves Tinubu's Request, Loan Strategy
X whatsapp