The Governor of Central Bank of Nigeria CBN), Godwin Emefiele is of the opinion that crimes would reduce drastically in Nigeria if the Federal Government sustains border closure for two years.
Emefiele stated this while speaking on the topic, “The role of monetary policy: towards economic growth in Nigeria,” at the 1st convocation lecture of Edo University on Friday, November 1, 2019.
The CBN governor said the government has recorded successes since it decided to partially close the land borders in August.
He added that with the successes, many youths, who have taken to crime would have no option but to embrace agriculture. Emefiele said:
“I can tell you that, if Nigeria decides to close the borders for two years, the incident of ‘yahoo yahoo’ boys, kidnapping for ransom, armed banditry, and robbery will reduce to the barest minimum.
“These guys will have no option but to go into agriculture.”
Emefiele said that some neighbouring countries were undermining Nigeria’s economy by opening their countries for others to dump their goods into Nigeria, adding that Nigeria economy needed to be put in place to guarantee real growth.
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