BORDER CLOSURE AND FOOD PRICES IN NIGERIA: Way Forward for SMEs
On the 20th of August 2019, Nigeria closed its land borders against neighbouring countries to check smuggling activities in the border areas and protect local food production. Although the objective looks ostensibly good, the impact of this move on food prices has been disturbing. For example, SMEs currently face scarcity of raw materials and food-insecure households may be closer to malnutrition now than they were before the border closure. In this article, we take a critical look at the current prices of food commodities, the human factors that influence them, and how SMEs can maintain production at reasonable cost.
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