Nigeria has announced the "partial closure" of its border with Benin to clamp down on the smuggling of goods, above all rice, into the country.
The West African powerhouse is targeting "massive smuggling activities, especially of rice, taking place on that corridor", the presidency said in a statement Wednesday.
Nigeria is heavily reliant on imports to feed its booming population, while the government is seeking to bolster agriculture as it looks to diversify the oil-dependent economy.
The authorities are looking to stem the inflow of key produce with restrictions such as curbs on importers' access to foreign exchange.
Such measures have helped push up prices, creating an incentive for smuggling from neighbouring countries.
The statement by President Muhammadu Buhari's office did not indicate when the latest measures took effect and what the "partial closure" entails.
It said the measure would "allow Nigeria's security forces to develop a strategy" to combat smuggling, which it called a "dangerous trend".
It said Buhari discussed the issue with his counterpart from Benin, Patrice Talon, at a summit in Japan and "would reconsider reopening in the not-too-distant future."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
