The Monetary Policy Committee (MPC) on Tuesday advised the Federal Government to sustain the closure of Nigeria’s land borders.
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) disclosed this after the last meeting of the committee in the year, which held for two days in Abuja.
He said sustaining the border closure would ensure the government uses the opportunity to create jobs and keep industries alive.
In August, President Muhammadu Buhari ordered the partial closure of Nigeria’s border with the Benin Republic to curb smuggling of rice and other commodities, and also directed the CBN to stop providing dollars to import food items in a bid to ramp up local farm production and attain full food security.
Hope Moses-Ashike
Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks.
She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings.
Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.
