Godwin Emefiele, governor of the Central Bank of Nigeria, has said that the challenges Nigeria is facing, both security and cyber crimes would reduce if the Federal Government closes the borders for two years.
Emefiele, who made the remark on Friday, November 1, 2019, at the 1st convocation lecture of Edo University said there had been successes recorded since the Federal Government decided to partially close the land borders in August. He also stated that with the successes, many youths, who have taken to crime would have no option but to embrace agriculture.
“I can tell you that if we leave these borders closed for another two years,” He said, “Boko Haram will reduce. I can tell you that Kidnapping and ‘Yahoo-Yahoo’ will also reduce because they will now see that the only place that they can make money is in agriculture and not in kidnapping people”.
Mr. Godwin claimed that most of the arms being brought into the country were smuggled in through the borders. But ever since the borders were shut, arm flow has reduced drastically.
According to him, one week after the borders were closed, the President of the Rice Farmers Association called to say that all the rice in their warehouses had been sold. “The poultry people also called to say they have sold all their eggs,” he said.
The CBN Goveernor noted that Nigeria’s economy is being played down by some neighbouring countries by opening their countries for others to dump their goods into Nigeria, adding that Nigeria economy needed to be put in order to guarantee real growth.