Business
Border Re-Opening: ‘Good Step Toward Exiting Recession’

The Badagry Chambers of Commerce, Industry, Mines and Agriculture (BACCIMA) says the reopening of four land borders in parts of the country will boost trade between Nigeria and her neighbours and help the economy to grow.
Director-General, BACCIMA, Mr Opeyemi Oke, said this in an interview with The Tide source in Badagry, at the weekend.
He said that the decision by the Federal Government to re-open Seme, Ilela, Maitagari and Mfum borders would facilitate economic recovery and help the country exit recession by the projected first quarter of 2021.
Oke added that the decision would facilitate trade across ECOWAS sub-region, thereby creating jobs and providing opportunities for Small and Medium Enterprises (SMEs).
“This will boost the operations of existing SMEs involved in the export of non-oil products across the borders to attain diversified, competitive and sustainable economy and make Nigeria’s products and services most preferred in Africa.
“Nigeria’s land borders have been closed officially since August 2019 to check indiscriminate smuggling of goods and illicit crossings into the country.
“The closures have been attributed, in part, to the economic recession and rising inflation, which recently hit a 30-month high amid the harsh socio-economic impacts of the COVID-19 pandemic.
“Other member states across the sub-region looking to access the Nigerian market will benefit from the reopening of the borders and AFCFTA’s operations, which is to take effect from January 2021,” he said .
According to him, Nigeria remains a major economic player in Africa, thus the re-opening of her borders will help protect the country’s image and affirm its commitment to trade facilitation across the sub-region.
“This will also keep us as a major economic player,” he added.
Oke, however, called on the security agencies to shun corruption and ensure full enforcement of ban on contraband to stop the smuggling of goods through the land borders.
He also appealed to government to intensify efforts toward the completion of the Lagos-Badagry Expressway.
It would be recalled that the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, had on December 16 announced the immediate re-opening of four land borders after the Federal Executive Council (FEC) weekly meeting,which held virtual in Abuja.
She said that Buhari had also directed that while the borders were being reopened, the ban on the importation of rice, poultry and other products still subsists and would be implemented by the border patrol team.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.