Smuggling Rice Hits Benin

Benin Republic, is grappling with economic costs from the border closure by President Muhammadu Buhari. Several businesses, mostly in the agriculture and transport sectors, have been hit hard by the blockade. Smuggling is chronic across Nigeria’s porous borders, and in the case of Benin, it goes in both directions. Large quantities of frozen chickens, rice, fabric, and cars are often illegally routed to Nigeria after being taxed locally at the port of Cotonou, Benin’s economic capital. The transport sector in Benin has also been hit due to the shortage of cheap Nigerian fuel after the boundary was closed.

SOURCE: VENTURES AFRICA

Posted inNEWS