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Home News What Farmers Are Exporting Through Togo and Ghana, According to the Federal...

What Farmers Are Exporting Through Togo and Ghana, According to the Federal Government

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According to Zainab Ahmed, the minister of finance, farmers in Nigeria are being forced to use ports in neighboring nations due to port congestion.

She claimed that in order to solve the issue, the government is putting preparations in place to guarantee simple cargo clearance at the ports.

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On Wednesday, Ahmed addressed in the House of Representatives committee on Finance’s budget defense session.

The minister clarified that the problems will be solved by tying rail lines to ports and buying scanners.

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The reason why our ports are unattractive is a very serious issue. Many importers, unfortunately, opt to travel to our neighbors because of the port congestion.

She spoke.

She described how clearing of cargo outside of ports will be possible thanks to the train lines.

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“The train line between Lagos and Abuja is also being extended so that cargo can be moved from the Apapa ports to other areas for inspections even before they have been inspected.

Nigeria would be able to draw in its own business thanks to this.

She spoke.

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Ahmed also provided an explanation for the government’s choice to borrow money earlier than anticipated in the budget. She claimed that in order to distribute money for capital projects, the administration borrowed quickly.

“We are borrowing more quickly than we anticipated. Making sure we have money available early enough to start capital projects was a deliberate choice.

She spoke.

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In her presentation, the minister said that as of the end of August, the government had borrowed N5.3 trillion, which is N406 billion more than had been anticipated.

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The government has increased local borrowing while lowering foreign borrowing, according to the paper.

The government has borrowed N510 billion from overseas sources in addition to N4.5 trillion from domestic sources.

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