Border closure: Nigerian govt speaks as inflation surges

The Nigerian government on Wednesday, said that the border closure was contributing to the rising inflation.

Minister of Finance, Zainab Ahmed, spoke to State House correspondents after the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.

The latest report by the National Bureau of Statistics (NBS), showed inflation figures at a 17-month high, rise to 11.61% in October.

In her reaction: Ahmed said, “I need to remind us that the border closure is temporary. We have really advanced in our discussions between ourselves and our neighbours.

“We expect that the outcome of those discussions and agreements is that each party will respect the protocols that we all committed to and then the borders…

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