Open AccessBorder Reopening and its Impact on Nigeria Economy a Marketing Perspectives
Author(s) -
Emmanvitalis Emeka Ifediba,
Ogochukwu Nwangene
Publication year - 2021
Publication title -
cognizance journal
Language(s) - English
Resource type - Journals
ISSN - 0976-7797
DOI - 10.47760/cognizance.2021.v01i09.002
Subject(s) - frontier , government (linguistics) , outbreak , economy , damages , business , closure (psychology) , geography , socioeconomics , economic growth , development economics , economics , political science , market economy , philosophy , linguistics , archaeology , virology , law , biology
One of the most vital border regions in West Africa is the frontier between Nigeria and Benin. The global outbreak of Covid-19 leads to nation and wide lockdown in many countries. The countries and areas that have passed the worst phase of the outbreak or were able to prevent an internal outbreak are eager to reopen as prolonged lockdown could cause damages to the economy and social structure. The Nigeria government has approved the opening of its land borders on December 2020, since its closure on August 2019. This study aimed at determining the impact of border reopening on the Nigeria economy. The study area was Badagry and Apapa Metropolis Lagos State, Nigeria. A random sampling technique was employed, through the use of structured questionnaire on a sample of one hundred and ten (110); artisans (15), traders (50) and farmers (45) were used for data analysis. The Pearson product moment correlation coefficient was used to confirm formulated hypotheses. The study found that the recent border reopening is improving the Nigeria economy and gradually have good significant effect on market prices and in turn increasing the marketing turnover. The study also recommended that there is need to strengthen the border policing and management mechanisms to avoid a relapse into the conditions that led to the closure in the first place.