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.
