Border closure: Benin Republic battles for economic survival as rice price drops

The economy of neighbouring Benin Republic continues to suffer as a result of Nigeria’s border closure – The effect of the border closure can be felt on the prices of rice, textile, turkey and chicken.

Some of the traders are calling for an end to the policy and asking Benin Republic government to act fast An investigation by Daily Trust has shown it is not an easy economy for the people of Benin Republic currently as a result of Nigeria’s policy on border closure.

Mostly affected in the neighbouring country are rice, chicken, turkey and textile shop owners, it was learnt. According to the report, the difficulty to get product from the country to Nigeria may have been part of the reasons the prices of such goods crashed in the country.

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