The Politics of Border Closure and Its Implications on the Nigerian Economy

Abstract

The research establishes that land borders closure by the Nigerian government against other neighboring African countries due to smuggling and illegal business trades affecting the unstable economy of the country calls for a radical change which determines whether the closure of the land borders affected the growth and development of the Nigerian Economy, as it also determined measures to mitigate the challenges of smuggling in Nigeria. The study made use of data mainly obtained from secondary sources which were acquired from books, articles, journals, newspapers and other published materials. The study uncovers that the closure of the land borders had certain consequences which negates Nigeria’s international trade treaties and economy as certain African countries backfired against Nigeria due to the land border closure. Furthermore, the study observed that the Nigerian Economy is still faced with the problem of inflation as a result of high reliance on foreign and imported products, but since the land borders were closed, job opportunities were created and local industries have developed, thereby leading to increase in the production of locally-made goods which aids the growth and development of the Nigerian Economy. The study recommends that the Nigerian government should invest highly on local entrepreneurs and the Agricultural sector as this will encourage foreign and local investments aimed towards the progress of the Nigerian Economy.