Business A.M
No Result
View All Result
Monday, April 27, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Africa

Nigeria has not flouted ECOWAS pact over border closure – DTBE

by Businessam Staff
July 29, 2025
in Africa, Frontpage, Nigeria, WORLD BUSINESS & ECONOMY

Nigeria has not violated the free movement of people guaranteed under the Economic Community of West African States (ECOWAS) Treaty over its decision to close land borders to reduce crime, especially smuggling.

Nigeria has not flouted ECOWAS pact over border closure - DTBE

This was part of the resolutions of the Daily Trust Board of Economists’ emergency meeting in Abuja contained in a communiqué signed by the Chairman of the board, Prof. Nazifi Abdullahi Darma.

The recent border closure, the pronouncement by the Federal Government to restore national development planning, review of the crude oil Production Sharing Contract Act, Nigeria’s power challenges and concerns over debt to revenue ratio dominated discussions at the meeting.

 

On border closure, the board recognised that although Nigeria is a signatory to ECOWAS treaties with respect to open borders and free trade, it has been used as a transit point for cross-border transactions of all types, resulting in security breaches which are contrary to ECOWAS free trade protocols of importation based on documentation.

The board said the border closure would have been avoided if not for the parlous state of Nigeria’s seaports, which is a great cause for concern as it is a disincentive for importers and exporters, some of who have resorted to the use of land borders.

The board posited that, “Successive governments have apparently handled Nigeria’s main seaport in Lagos State with much levity, and Apapa remains a symbol of inefficiency and chaos due to the almost total collapse of infrastructure, perennial logistics nightmare and duplication of functions in the goods clearing process.”

It emphasised the need to open up, develop and standardise other ports within the nation while providing complementary infrastructure and linkage required for their efficient functioning.

The board further posited that, “As our land borders remain closed, the spike in the price of domestic rice has indicated domestic policy failure in the area of food production contrary to the claims by the authorities. This is evident in the fact that the price of local rice has spiked from N12,000 to N18,000 in the last one month.”

 

Source: AllAfrica

Businessam Staff
Businessam Staff
Previous Post

Dangote plans fuel exports to Europe, others

Next Post

OMO ban does not affect investing in FG securities – DMO

Next Post

OMO ban does not affect investing in FG securities - DMO

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Nigeria moves to future-proof internet with IPv6 Council 

Nigeria moves to future-proof internet with IPv6 Council 

April 26, 2026
Over 100,000 tech jobs lost in four months as 2026 layoffs intensify

Over 100,000 tech jobs lost in four months as 2026 layoffs intensify

April 26, 2026
Fintech dominates African startup funding with $640m in H1 2025

Africa’s fintech boom heads for $65bn as growth expands beyond payments

April 26, 2026
FastClaim drives AI adoption to streamline motor insurance claims

FastClaim drives AI adoption to streamline motor insurance claims

April 26, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Nigeria moves to future-proof internet with IPv6 Council 

Nigeria moves to future-proof internet with IPv6 Council 

April 26, 2026
Over 100,000 tech jobs lost in four months as 2026 layoffs intensify

Over 100,000 tech jobs lost in four months as 2026 layoffs intensify

April 26, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M