FG Admits Border Closure Cause Of Rising Inflation

Cat:

Related stories

Oil Prices Dip as OPEC+ Boosts Supply

Crude oil prices fell at the start of...

Ranked: The Biggest Currency Drops So Far in 2025

Key Takeaways The Venezuelan bolívar has fallen the most...

Our Officers Deployed To Maintain Order Not To Prevent PDP NEC Meeting — Police

By Kolawole Ojebisi The Federal Capital Territory Police Command has...

Don’t Let Ganduje’s Resignation Divide Us, Dalori Appeals To APC NWC Members, Others

By Kolawole Ojebisi Acting National Chairman of the ruling All...

APC To Hold NEC Meeting On July 24

By Kolawole Ojebisi The ruling All Progressives Congress, (APC) has...

The Nigerian Government has admitted that the closure of the country’s land borders is contributing to rising inflation, a report by PUNCH said.

According to recent figures from the Nigeria Bureau of Statistics, the headline inflation stood at 11.61 per cent as of October.

The Minister of Finance/Budget /National Planning, Mrs Zainab Ahmed, told State House Correspondents that inflation rose due to hikes in food prices arising from border closure.

She was responding to questions after the Federal Executive Council meeting in Abuja on Wednesday.

Ahmed stated that the closure of the borders was a temporary measure adopted by the government to protect the economy against trade malpractices by neighbouring countries.

She said, “We are still discussing with our neighbours to ensure that we all respect our trade protocols, especially now that the African Continental Free Trade Area Agreement is coming into effect.”

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

NDN
Latest News
Oil Prices Dip as OPEC+ Boosts SupplyRanked: The Biggest Currency Drops So Far in 2025Our Officers Deployed To Maintain Order Not To Prevent PDP NEC Meeting -- PoliceDon't Let Ganduje's Resignation Divide Us, Dalori Appeals To APC NWC Members, OthersAPC To Hold NEC Meeting On July 24Bode George Warns Tinubu, Decries Police Occupation Of PDP SecretariatClosing Ogoni wounds, opening old onesMy CFR National Honours Award, By Col Abubakar D. Umar (Retd)Chaos Escalate As PDP Shifts BoT Meeting to New Venue Amid Police Siege at Party SecretariatPDP Crisis Deepens As 11 NWC Members Ignore Damagum, Hold NEC MeetingNEC Meeting: Tension Mounts As Police Take Over PDP Secretariat In Abuja2027: Peter Obi Declares Readiness for One-Term Presidency in Atiku, El-Rufai-Led CoalitionShun Sycophants In Your Government, Col Umar Tells TinubuCourt Adjourns Natasha's Trial Till September 22, Grants Senator Bail On Self-RecognitionNEC Meeting: PDP Raises Alarm, Accuses APC of Taking Over Secretariat with Police
X whatsapp