Nigeria Likely To Re-open Borders Before AfCFTA – AfreximBank President

There are indications that Nigeria may open up its borders before AfCFTA conference in July 2020.

This is part of the statement credited to the President of the Africa Export-Import Bank, Prof Benedict Oramah who has urged Nigeria and other Africa countries to deploy technology in monitoring of its borders rather than extreme measures such as closing.

The Africa Export-Import President made the comments at the second edition of the African Investment Forum which held in Johannesburg, South Africa on Monday.

Answering a question on the relevance of African Continental Free Trade Area with the border closure by Nigeria, Oramah expressed confidence that Nigeria would resolve the issues with its West African neighbours before AfCFTA’s commencement in July 2020.

He, however, urged Nigeria and other African countries to learn to deploy technology in monitoring activities within their borders rather than resort to closing borders.

 

He said, “Africa consists of 55 fragmented markets. AfCFTA will create one market in Africa. Unless we turn it to one market, the continent will remain underdeveloped.”

On the closure of the Nigerian borders, he said, “Trade deals on AfCFTA will start July 1, 2020. Nigeria will resolve its border challenges before then. Nigeria has signed the agreement and will not take the agreement lightly. Even in marriages, there can be challenges. The border closure is a temporary measure.”