Our Trophy of Economic Illogic

By Ikenna Emewu

Nigeria border closure is amazing economics that shuts doors against 13% exports to track and checkmate 4% imports from neighbouring countries into Nigeria.
It is also about Nigeria closing border against 4% imports/smuggling from neighbouring countries while 96% imports from the rest of the world still comes in through the sea and air borders, even smuggled goods.
It’s a war against African neighbour states.
It’s a war that celebrates the inability and failure of the Nigeria Customs to do its work of manning the borders.

We seem to deliberately kill all sectors, including manufacturing to save rice and poultry markets.
In 2002, Obasanjo’s government argued this same way in favour of increase in pump price of petroleum products to deter its illegal move across borders into Niger and Chad. Jackson Gius-Obaseki, NNPC GMD had a career in this ill argument.
And you know who opposed him on this economic illogic? It was Adams Oshiomhole, NLC president, now APC national chairman who supports the be same argument today.

Nigeria never changes or makes progress. It only changes characters in the saddle.

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