NIGERIA: TRADE RESTRICTIONS DRIVE UP NIGERIAN INFLATION AND BOOST FUEL SMUGGLING
Mon, 21 October 2019
Nigerian indefinite border restrictions on official trade with Benin and Niger are another setback to the continent’s free trade efforts, as import bans drive up inflation and stimulate demand for smuggled fuel and rice. Publicly stated motivations for the trade restrictions backed by the IMF do not disclose murkier political and commercial intentions behind the border closures.
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