A financial expert, Mr Haruna Usman, said that the reopening of the Nation’s border would reduce cost of goods in the market.
Haruna in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday said the development was a significant one coming at this festive season.
“I am happy over this development. A lot of business had suffered loss and some ended over the period. The border closure sent a lot people out of business and also increased the level of unemployment,” he said.
Usman commended President Muhammadu Buhari for reopening the borders.
Mr Efe Osas, a business owner, commended the development, saying: “The country has learnt a lot by feeding on our farm products and livestock. It has promoted agriculture as a business and almost everybody is a farmer in one way or the other.”
Also, Mrs Zainat Ahmed, said since the border closure not all goods were available in the market, which was not good for business as consistency matters a lot, adding that the reopening would increase cash flow in the country.
NAN reports that although the president approved the immediate reopening of four major land borders, the ban on importation of some items like poultry and rice still subsists.
The border was closed on August 2019 to curb smuggling of goods and weapons.