Emefiele reportedly said this as a guest speakers in Edo State on Friday, November 1, 2019, at the 1st convocation lecture of Edo University.
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. .
He said, “I can tell you that if we leave these borders closed for another two years, Boko Haram will reduce. I can tell you that Kidnapping and ‘Yahoo-Yahoo’ will reduce because they will now see that the only place that they can make money is in agriculture and not in kidnapping people”.
According to the CBN Governor, most of the arms being brought into the country were smuggled in through the borders. But ever since the borders were shut, the development has yielded good results.
According to him, one week after the borders were closed, the President of the Rice Farmers Association called to say that all the rice in their warehouses had been sold. “The poultry people also called to say they have sold all their eggs,” he said.
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.
Youths hail soldier who advised them against looting food items meant for NYSC corp members (Video)
A viral video has shown moment Youths hailed a Nigerian soldier who used kind words and advised them against looting...
Curfew violators forced to lie in muddy water and mercilessly flogged by soldiers in Osun State (Video)
It was a tale of untold pain for some residents of Osun State who were caught and mercilessly flogged by...
#EndSARS: Youth representatives on Lagos State panel of judicial inquiry asked to sign Oath of Secrecy
The Lagos state government after setting up a judicial panel to preside over issues of police brutality, youth representatives on...
Nigerian pastor loots medical equipment reportedly worth N1.2 billion in Lokoja (Video)
A self-acclaimed Nigerian pastor who looted medical equipment reportedly worth a whooping N1.2 billion has been nabbed by security operatives....
Abuja NYSC camp invaded as hoodlums cart away mattresses, food items (Video)
The NYSC permanent orientation camp Kubwa, Abuja, has been invaded and looted by some hoodlums on a rampage today. The...
Viral News1 day ago
“How heartless can people be?” – Lady laments after seeing COVID19 sticker on the carton of indomie she bought (Photos)
Viral News2 days ago
#LekkiMassacre: Grieving mother of victim killed at Lekki tollgate speaks on death of her son, Anthony
News1 day ago
#EndSARS: We’ve identified barracks where soldiers who shot protesters came from – Femi Falana (Video)
Trending News23 hours ago
Civil Defence officer spotted joining residents to cart Covid-19 palliatives in Abuja (Video)
Viral News1 day ago
“I will send you N55K to get rid of that doomed pregnancy” – Lady shares chat with boyfriend who got her pregnant
Trending News2 days ago
Man who was shot at Lekki Toll Gate, steals from nurse who treated him for 4 days (Video)
Trending News1 day ago
Oba of Lagos’ staff of office reportedly returned (Video)
Entertainment News1 day ago
Nigerians dig out 2011 tweet of Davido begging people to buy Wizkid’s album