Eminent Nigerians on Saturday canvassed support for President Muhammadu Buhari-led administration on the closure of Nigeria’s border.
They made the call at the 2019 Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) on Saturday in Lagos.
Theme of the event was: “Nigeria’s Emerging New Economy: Opportunities, Challenges and Prospects.”
A former Secretary-General of the Commonwealth, Chief Emeka Anyaoku, explained that the closure of the border would boost economic development of the country.
“We should support our foreign border closure by President Muhammadu Buhari”, Anyaoku said, adding that its ultimate benefit is to the home grown policy.
According to him, the development is also expected to enhance the country’s manufacturing capacity and be able to serve our internal consumption and export.
“It is clear that the abundance variety of Nigeria’s natural resources and our large population constitute adequate phases for the country’s economic prosperity””
Also speaking, Dr Baba Musa, the Director-General, West African Institute for Financial and Economic Management (WAIFEM), urged Nigerians to encourage and understand the reason for the border closure.
“The border closure was not an attempt to stifle business or discourage manufacturers from selling their goods.
“It is to check smuggling and multiplication of arms that are coming in through the borders to create insecurity in the country and to enable genuine traders to move their goods and services through the normal channel and pay the appropriate duties and charges.
“It’s a welcome development, we have seen the outcome.
“Nigerians should encourage this until such a time that our neighbours come to terms, on the need to protect our borders from smuggling and activities that create insecurity,” Musa said.
Also, the Chairman, Board of Fellows and Practice Licence, Mr Bayo Olugbemi, said that the country could surmount its economic challenges, if people could cultivate the right mind and are liberated.
“Most of the economies in the world today that are doing well do not have the resources that Nigeria has.
“All they have is human capability and that has come to play in the multinational revolution, which is leveraging on the digital space.
“So, we need to get this through to the public and make concerted efforts so that we are not left behind. This is why we chose the theme.
“The emerging economy is digitally driven and I believe that Nigeria has great opportunities in this field,” he said.
The News Agency of Nigeria (NAN) reports that the ceremony was aimed at honouring individuals who have made outstanding contributions to the growth and sustainability of the banking industry in Nigeria and African continent.
