Due to the region’s borders being closed because of the coup in Niger, northern businessmen have lamented the loss of N13 billion in weekly revenue.
The Arewa Economic Forum’s chairman, Ibrahim Dandakata, said this on Sunday.
He estimates that N177 billion is exchanged in clandestine cattle and grain trade among the seven Northern states that border Niger.
He claimed that the closure of the Northern region’s borders has a significant negative economic impact on Nigerians’ quality of life.
15-Month Border Closure: Manufacturers Fault Federal Govt
Dandakata requested the federal government to permit traders to enter the nation by opening the maje-illo border in Kebbi.
“Since the order by the President to close all the borders with the Niger Republic following the announcement of the coup, the consequences have been enormous. Northern traders lose N13bn weekly,” he said.
According to Anaedoonline.ng, members of the Economic Community of West African States (ECOWAS) put economic penalties on the nation, including the closing of its land borders, in response to the Niger military junta’s unwillingness to return to democracy.
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