CBN advocates for Made-in-Nigeria goods

Following the recent statement made by the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele that the closure of the Nigerian land borders had created an avenue for Nigerian-produced goods to thrive, another top official of the CBN has lent his voice to the subject matter.

The Details: Director of Communications of the CBN, Isaac Okorafor advocated for the patronage of Made-in-Nigeria goods. Like his boss earlier stated in a recent Nairametrics report, he observed that the patronage of Nigerian-made goods would help strengthen the ailing economy compared to the consumption of foreign goods.

Okorafor made this plea at a CBN fair organised in Port Harcourt with its theme as ‘Promoting Financial Stability and Economic Development’.

He noted that the celebration of foreign goods over indigenous goods would not help any country to develop. He went further by saying that he saw no point in presenting papers on podia while the nation heavily relied on foreign goods, shunning locally-made goods.

Okorafor explained that the closure of the borders was a move in the interest of the nation.

What you should know: In a recent Nairametrics article, CBN Governor, Godwin Emefiele said that Nigeria’s economy was better off with its borders closed.

He also insisted that for the borders to be reopened, other neighbouring countries, Republic of Benin inclusive, must engage Nigeria in talks.

In a recent development, the Republic of Ghana, through its Foreign Minister and Regional Integration, Shirley Ayorkor Botchwey, begged Nigeria to re-open its borders. Ghana said it had been heavily affected by Nigeria’s decision to close its borders.

Botchwey stated that Ghana was determined to make Nigeria rescind its decision by exploiting diplomatic avenues. She was optimistic that Nigeria would re-open its Western borders for free flow of goods from Ghana to the subregion.

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