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Nairaland Forum / Nairaland / General / Politics / Mention The Advantage Of Opening All Our Border To Neighboring Countries (133 Views)
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Mention The Advantage Of Opening All Our Border To Neighboring Countries by fineboynl(m): 11:05pm On Aug 11, 2023 |
The advantage are enormous. Local border will not trade is foreign currency. Goods and services are exchanged with their local core currency. Nigeria can export to neighboring countries and imports with local currency. Beninese will import cars and other items with their dollars and euro. But we Nigeria will import from them with cefas. Less pressure for our dollars and euro. We can then export fuel and other agricultural and manufactured products to exchange. Our poultry industry is suffering because of imported feeds with usd. Maize and grins are so expensive. A paint rubber of dried maize is N3500. Imagine maize is almost same price with rice. How can poultry feeds be made locally cheap with all this barriers. But if the borders are open and alot of grins, rice and maize comes in it will crash the price which will stabilize the economy. Nigeria should take advantage of refinery petroleum so we can exports to our neighbors. When they import with their foreign currency we can import from them with out local currency. If we remember clearly within 1year when buhari close the border Nigeria could no longer feed. |
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