Central Bank of Nigeria governor, Mr Godwin Emefiele has come out to say that security challenges and cybercrimes in the country would decrease if FG can maintain border closure for two years.
He disclosed this as a guest speaker in Edo State on Friday, November 1, 2019, at the 1st convocation lecture of Edo University.
According to him, Nigerian youths that engage in crime would now have no other option but to go into agriculture.
His words, “I can tell you that, if Nigeria decides to close the borders for two years, the incident of ‘yahoo yahoo’ boys, kidnapping for ransom, armed banditry, and robbery will reduce to the barest minimum.
“These guys will have no option but to go into agriculture.”
“Critics of our policy say it’s unconventional. Yes, unconventional, it has delivered results.
“We have restored the economy. In their own conventional policy, the industries were dying. We don’t owe them an apology.
“When we began to utilize these tools, they were initially criticized by adherents of conventional monetary policy tools.
“Critics asserted that our foreign exchange policies constitute exchange restrictions, rationing of foreign exchange, discretionary allocation based on priority categories, and multiple currency practices.”