- Nigeria's vice president, Osinbajo, says Nigerians should bear with the government as cost of living rises due to the closure of land borders
- Osinbajo said the pains of the closure would be overshadowed by its gains if Nigerians remain patient
- The vice president said the closure was necessary in order to show Nigeria's neighbours that it would not allow smuggling to kill the country's economy
- The International Monetary Fund (IMF) is in support of the border closure by Nigeria
Vice President Yemi Osinbajo, has pleaded with Nigerians to bear with federal government over the complete closure of the country's land borders.
This Day reports that Osinbajo made the plea on Friday, October 25 while attending a town hall meeting in Edo state.
According to the vice president, the border closure became necessary in the bid to sound out Nigeria's seriousness to its neighbours.
Osinbajo explained that Nigeria would be killing its own agricultural sector and indirectly its economy if it continued to allow smuggling in of contraband products through the borders shared with neighbouring countries.
Osinbajo said Nigeria wants neighbours to take the country's reforms seriously in his response to the lamentation over high cost of food by vice president of Edo market women, Christiana Omokaro.
Vice president Osinbajo assured that there would be some gain after the pain of the closure. He also assured that Nigerians would soon begin to see the results of progress made with the border closure
Meanwhile, Legit.ng reported earlier that Nigeria's neighbours have begun to feel the heat of the border closure.
Kasapreko Company Limited, the manufacturer of Alomo Bitters, said it has lost about $2 million in revenue following the border closure by the Nigeria government.
The disclosure was made by the company's head of international business development, Francis Holly Adzah.
But the IMF has applauded the closure of Nigeria's land borders.
Abebe Selassie, the director of the African Department at the IMF, made the organisation's position known on the sidelines of the World Bank/IMF Annual Meetings in Washington, USA recently.
Border closure: Nigerians now prefer eba to rice – traders lament - on Legit TV