• News - South West - Lagos
  • Updated: February 19, 2020

Border Closure Hurting Our Businesses - MAN

Border Closure Hurting Our Businesses - MAN

At the ‘Stakeholders forum on the impact of border closure on Nigeria’s economy’, a program organized by the Lagos Chamber of Commerce and Industry, partnering with Centre for International Private Enterprise, the Manufacturers Association of Nigeria's (MAN) Director- General, Segun Ajayi-Kadir, said that the closure of Nigeria's land borders is negatively affecting businesses and the closure is not "sustainable on the long term."

Members of the association have complained of the stress of doing business, lamenting the difficulty in keeping their businesses running.

According to the DG, the closure of the borders has positive results but the negative sides of the decision is telling on the country's economic performance.

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He explained, “While a section like the agriculture (poultry and rice farmers) had benefitted from the border closure, we want to say the border closure is not sustainable on a long term.

“Some of our members in the food, beverage and tobacco industry, and those in paper and roofing sheet production are complaining that their businesses are being affected negatively.”

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