• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 7, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Border Closure: Nigeria Traders Lament N13bn Weekly Loss

Mark Itsibor by Mark Itsibor
3 years ago
in Business
Untitled design 2023 08 15T064747.725
Share on WhatsAppShare on FacebookShare on XTelegram

 

Nigerian traders under the platform of Arewa Economic Forum have cried out to the federal government to open an alternative route for them to continue trading activities with the nation’s partners.

This was as the traders association says its members lose about N13 million weekly to closure of the borders with Nigeria on a weekly basis. Why they condemned the coup in Niger, the farmers called on the federal government to avoid punishing innocent Nigerians in a bid to sanction the military junta in Niger.

The Nigerian government had on August 4th, 2023 closed all its land borders with Niger as part of sanctions against the ECOWAS member country over the military coup that took place there on July 26.

Seven northern Nigeria states, including Kebbi, Sokoto, Zamfara, Katsina Jigawa, Yobe and Borno share a 1,608 kilometres long border with five regions in the Niger Republic

Chairman of Arewa Economic Forum Alhaji Ibrahim Danda-Kate said Nigerian authorities

should be mindful of the impact any closure of the border with Niger will create for Nigeria and other neighbouring nations.

He said Niger is a trade route to Mauritania, Mali and other trade partners with Nigeria.

Danda-Kate said “the financial loss is about N13bn per week. Any disruption in the lives of those people will have a devastating effect on Nigeria and the rate of refugees more than what Nigeria currently has. We are not prepared enough to take in more refugees from Niger.

RELATED NEWS

Fitch Forecasts Higher Fuel Cost-Push Inflation For South Africa

CBN Imposes N100 Penalty On Inadequate Processing Of Forex Documents

Naira Weakens Slightly As FX Turnover Drops At Official Market

“The sanctions should be targeted at the military officers and not the common people already living in penury. Please, don’t punish Nigerian trades.”

 

 

A member of the forum, Hamza Sale Jibia, said more than 2000 containers belonging to members of the association are currently held up in the borders, most of which he said are perishable goods.

 

 

The average value of a container is between $20,000 and $50,000.

 

 

The association members urged the federal government to open up the Maje-Illo border on the side of Kebbi State with Benin Republic.

 

 

Their argument is that the Maje-Illo border doesn’t have any connection with Niger. It is linked with Benin Republic.

 

 

“That is the area the government can take to reduce the negative impact of the border on Nigerians and Nigerian traders,” Jibia said at a press conference in Abuja yesterday.

 

 

The Arewa Economic Forum called on the authorities to employ diplomatic measures as the way to resolve the crisis. “The military should be the last resort.” While calling for a quick resolution of the crisis through diplomatic means, the forum called for caution not to cause another crisis for the region.

 

 

The fear is that all the gains of fighting against Boko Haram and ISWAP could be wiped out if Niger is allowed to fall into the hands of the military or the coup is not effectively managed.

 

 

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works
Mark Itsibor

Mark Itsibor

Mark Itsibor is an economy and finance journalist with over 13 years of experience across Nigeria's media landscape, specialising in macroeconomic policy, financial markets, fiscal reforms, and public finance. He is known for well-researched reports and analytical features that inform policy conversations and support public understanding of complex economic developments.

OTHER NEWS UPDATES

Nigeria Records Bitumen Supply Pricing Hike Amid Global Energy Crisis
Business

Fitch Forecasts Higher Fuel Cost-Push Inflation For South Africa

13 hours ago
Bank Reaffirms Commitment To Lagos Economic Growth
Business

CBN Imposes N100 Penalty On Inadequate Processing Of Forex Documents

13 hours ago
Naira Strengthens Amid Falling Inflation Outlook, Global Risks Loom
Business

Naira Weakens Slightly As FX Turnover Drops At Official Market

17 hours ago
Next Post
Shell Confirms Crude Export Resumption At Forcados

Shell Confirms Crude Export Resumption At Forcados

Advertisement

LATEST UPDATE

Should Jonathan Run (Away)?

30 minutes ago

‘National Prayer Organised By PFN, Not Adeboye, RCCG’

34 minutes ago

Politicians, Women Groups, Seek Tinubu’s Intervention In Eti-Osa APC’s Primary Election

35 minutes ago

Tinubu, Babangida, Daniel, Felicitate Folasade Ogunbiyi At 80

35 minutes ago

Daily Times Begins Landmark Centenary Awards Programme

37 minutes ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.