Niger Coup: N13bn Lost Weekly – Northern Traders

Northern Traders in Nigeria said they lost about N13bn weekly due to closure of the country’s borders with Niger Republic.

Recall that President Bola Tinubu had on August 4 ordered the closure of all borders with Niger Republic following the coup in the country.

-Advertisement- Place Your Advert Here

The borders include Jibiya in Katsina state, Illelah in Sokoto and Maigatari in Jigawa.

This was disclosed by Ibrahim Yahaya Dandakata, Chairman, Arewa Economic Forum in a press conference in Abuja on Sunday,, said the economic consequences of the closure is becoming unbearable for traders, while urging the federal government to open the maje-illo border in Kebbi to allow traders bring in goods to the country.

“Since the order by the President to close all the borders with Niger Republic following the announcement of the coup, the consequences have been huge. Northern traders loss N13bn weekly,” he said.

“Trade between Niger and Nigeria is usually informal especially in perishable goods and only last year alone, it is estimated at about N177bn in goods and services like livestock and food items

-Advertisement- Place Your Advert Here

“Therefore, further closure of the border will be detrimental to the huge trade going on between these two countries.

ALSO READ -  EFCC Arrests 18 Suspected Internet Fraudsters in Enugu

“We hereby appeal to President Tinubu to open the maje-illo border in Kebbi state to enable traders bring in their goods into the country and empower customs to collect import duty thereafter,” he explained.

Also speaking, a trader and member of the forum, Hamza Saleh Jibiya, said since the closure of the border, about 2,000 containers laden with perishable and non-perishable goods have been trapped and cannot be cleared due to the closure“The average value of a container is between $20,000 to $70,000 which in our estimation will be about N140bn trapped in those containers.

“The alternative which we appeal now is for the federal government to open the maje-illo border in Kebbi to enable us remain in business,” he added.

-Advertisement- Place Your Advert Here


Joshua Okoria

Joshua Okoria is a Lagos based multi-skilled journalist covering the maritime industry. His ICT and graphic design skills makes him a resourceful person in any modern newsroom. He read mass communication at the Olabisi Onabanjo University and has sharpened his knowledge in media practice from several other short courses. 07030562600,

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button