Connect with us

National News

Reopening of Seme border could stimulate economic activity in automotive sector- University Don

Published

on

Reopening of Seme border could stimulate economic activity in automotive sector- University Don

By: Michael Mike

The decision of President Bola Ahmed Tinubu to reopen the Seme border has been commended as in order since it could stimulate activities in Nigeria’s automotive industry with significant implications for the nation’s economy.

The Head of Economics Department at Bingham University, Abuja, Prof Abayomi Awujola stated on Sunday in an interview with journalists, while emphasizing the importance of understanding the magnitude of the policy and urged the government to conduct ongoing monitoring, evaluation, and analysis to ensure the success of the policy.

He said one of the immediate implications of reopening the border is an increased demand for vehicles. Importers and consumers would have easier access to a wider range of vehicle options, both new and used, from different markets, noting that this surge in demand could stimulate economic activity in the automotive sector, benefiting various stakeholders.

Awujola also said the reopening of the border would also generate revenue for the government through customs duties, taxes, and other fees imposed on imported vehicles, stressing that this additional revenue could contribute to the government’s budget and be potentially invested in infrastructure development or other public services.

The university don said with the government aiming to achieve a 7% average annual GDP growth rate, double the economy to approximately $1 trillion, lift 100 million people out of poverty, create over 50 million jobs, transform Nigeria into Africa’s most efficient trading nation, and deliver sustained inclusive growth, decisions like the reopening of Seme Border need to continuously be taken.

According to Awujola, “the availability of vehicles from different sources may lead to increased competition in the domestic automotive market. Local vehicle manufacturers and dealers may face competition from imported vehicles, influencing pricing, quality, and customer preferences. This could drive improvements in the domestic industry and provide consumers with more options.”

He added that the reopening of the border could create employment opportunities in the automotive sector as jobs would be generated for vehicle importers, distributors, dealerships, mechanics, and other related services. This would contribute to income generation and potentially improve livelihoods for individuals involved in the industry.

He however noted that it is essential for the government to carefully consider the potential implications of this policy.

He said: “The reopening of the border for vehicle importation may impact the country’s trade balance and foreign exchange reserves. If more vehicles are imported than exported, it could result in a trade deficit in the automotive sector. Additionally, the importation of vehicles would require foreign currency, putting pressure on the country’s foreign exchange reserves.

“On the consumer front, increased access to a wider range of vehicles would provide consumers with more choices and potentially better prices. This could lead to increased consumer spending in the automotive sector and improved purchasing power for individuals and businesses.

“The government must be mindful that policy implications can have both positive and negative effects. It is crucial to closely monitor, evaluate, and analyze these effects every six months to ensure appropriate adjustments and interventions are made to mitigate any potential drawbacks.”

Reopening of Seme border could stimulate economic activity in automotive sector- University Don

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027

Published

on

VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027


By: Inuwa Bwala

As happened in 2023, when President Bola Ahmed Tinubu was to name his running mate, vested interests are again up in arms, trying to hoodwink or armstwist him into doing their bids.
What people forget, however, is that President Bola Ahmed Tinubu is a master schemer and knows exactly what to do at the appropriate time. Contrary to what many people think, he has his own game plan and can not be compelled to play to the gallery.
In the last few weeks, I have read a plethora of writeups trying to give President Bola Ahmed Tinubu prescriptions on how to chart a new political course if he hopes to achieve his second term bid in the 2027 general elections.
Many of the write ups contain permutations in the event of the emergence of a perceived strong opposition and that unless he drops his Vice President for another person, he will have a difficult task.
As a student of political history, and given our experiences, I dare say that if Bola Ahmed Tinubu and Kashim Shettima could win in the face of all the obstacles placed in their ways from within and from without there does not appear any threat to this same ticket in 2027.
I must confess that I have not yet met a shrewed political strategist in Nigeria like the President who against all permutations settled for Kashim Shettima neither am I aware of any politician who could be as loyal dedicated and determined to his Boss as Shettima has demonstrated over the years.
The game is already on, and the biggest threat to Tinubu in 2027 is indeed any attempt to shift the goalpost in the mu
middle of the game.
As far as I know, the combination has given a very good account of itself, and with the rays of hope beyond the immediate horizon, Kashim Shettima remains President Bola Ahmed Tinubu best choice
I am aware that people have been trying to drive a wedge between them by framing false narratives that are neither here nor there. So as not to embolden those who are heating up the polity unnecessarily, the silence maintained on political permutations remains the best by both the president and the vice president.
Silence on certain issues has paid off for both of them before, and it will again pay off.
When people thought Bola Ahmed Tinubu was sick and weak and may even die before the end of his first tenure, he maintained a golden silence on his health status and rather magnified it as real thereby tricking all Nigerians into believing it was true.
Now that he has proven to be healthy and strong, the voices that predicted a doom for the presidency are silent.

VP SHETTIMA AND THE ILLOGICAL PERMUTATIONS FOR 2027

Continue Reading

National News

Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

Published

on

Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

By: Our Reporter

A deserter from the Niger Republic Armed Forces who reportedly joined the terrorist group Boko Haram has surrendered to local authorities in Kindjandi, located in the Diffa Region of southeastern Niger Republic.
The individual, identified as Abba Ibrahim, had been serving with the Nigerien Armed Forces since 2022 before deserting his post in Bosso on March 8, 2025, according to military intelligence sources. He fled alongside a fellow soldier, Bandam Dala, and subsequently joined a Boko Haram faction active in the Lake Chad area.
Security sources disclosed that Ibrahim surrendered on April 21, 2025, arriving in Kindjandi on horseback with a rifle. He was accompanied by an unidentified young man whose details are yet to be confirmed.
Ibrahim was taken into custody by the Nigerien Armed Forces on the morning of April 22, 2025, and is currently undergoing debriefing and interrogation by military intelligence.
The Diffa Region has remained a hotspot for insurgent activity due to its proximity to Lake Chad and border areas with Nigeria, where Boko Haram and other extremist groups operate.

Nigerien Army Deserter Who Joined Boko Haram Surrenders in Diffa Region

Continue Reading

National News

ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

Published

on

ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

By: Michael Mike

The West Africa Democracy Solidarity Network (WADEMOS) has commended the initiative by ECOWAS to extend an invitation to the governments of Mali, Burkina Faso, and Niger for the official launch of ECOWAS’ golden jubilee in Accra.

The Network, in a press statement on Tuesday, said it supports the initiative by ECOWAS to ease tensions and foster diplomacy in a bid to sustain the common heritage, shared history, and longstanding socio-cultural ties of the peoples.

The statement read: “As ECOWAS opens its doors and extends an arm of friendship and collaboration to Mali, Burkina Faso, and Niger, the Network encourages the three countries to reciprocate the gesture, upholding the spirit of good neighbourliness and cross-border cooperation. Such
cooperation is necessary now more than ever, especially as we require a concerted effort to confront matters of common interest to the subregion, such as security and trade.

“WADEMOS maintains the position that the restoration of trust and confidence between
Mali, Burkina Faso, and Niger, on the one hand, and ECOWAS, on the other hand,
remains critical to sustaining cooperation and enhancing the free movement of goods and people. Building trust and confidence, we believe, is also critical to effectively combat the growing threat of terrorism across the subregion.

“Considering the close ties that exist among the West African peoples, WADEMOS
continues to urge the three Sahelian countries to be reconciliatory in their engagements with ECOWAS.”

WADEMOS is an independent and non-partisan network of diverse national and transnational civil society organisations and civic groups working to promote and defend democracy, good governance, and inclusive development in the West Africa region.

It mobilizes, coordinates, and leverages the collective voice and power of civil society and other pro-democracy actors, resources, and opportunities within the West Africa region to advance its mission. The current membership of WADEMOS stands at 47 spread across West Africa.

The WADEMOS Secretariat is based in Accra, Ghana.

ECOWAS @50: WADEMOS Commends Subregional bloc for Inviting Mali, Burkina-Faso, Niger to Launch

Continue Reading

Trending

Verified by MonsterInsights