Texas Roadhouse earnings missed by $0.05, revenue topped estimates
By Karin Strohecker
LONDON, Jan 27 (Reuters) - Nigeria had no warning from
Washington that it could be added to the list of countries
subject to a U.S. travel ban, information minister Lai Mohammed
said on Monday, adding such a move would be "hasty" and send the
wrong signal to investors.
U.S. President Donald Trump said on Wednesday he would add
more countries to his travel ban list. While he gave no details,
a source familiar with the proposal said the tentative list
included seven nations - Nigeria, Belarus, Eritrea, Kyrgyzstan,
Myanmar, Sudan and Tanzania. An announcement was imminent, said Mohammed, adding that
while Abuja had reached out to the U.S. administration since
learning about the plan, his government did not get any warning
and had not been told any possible reason.
"We are doing everything we can," Mohammed told Reuters in
an interview. "A travel ban is going to send the wrong signal to
investors, it is going to stifle the good of the country and
vulnerable people who need medication and schools will be the
most affected."
Nigeria, Africa's largest economy and most populous country,
is a U.S. anti-terrorism partner and has a large diaspora
residing in the United States.
It is not clear what sort of restrictions Nigeria might face
if added to the list and the U.S. administration has so far not
commented. Under the current version of the U.S. travel ban on
foreign countries, citizens of Iran, Libya, North Korea,
Somalia, Syria and Yemen, and some Venezuelan officials and
their relatives are blocked from obtaining a large range of U.S.
immigrant and non-immigrant visas.
"Nigeria has done very well in the area of fighting
terrorism," Mohammed said, adding that Washington help drive
militant groups such as Islamic State out of Nigeria.
DEAF EARS
Asked about Nigeria's move to close its land borders last
August with neighbours such as Benin and Niger to fight
smuggling, Mohammed said the move had been a success and boosted
food production inside the country.
"Every attempt in the last 16 years to persuade our
neighbours, especially Niger, to adhere to the ECOWAS protocol
of transit has fallen on deaf ears," he said, referring to the
trade protocol governing the exchange of goods between the
Economic Community of West African States to which Nigeria
belongs. "No country can allow that it can become a dumping
ground for goods from elsewhere."
In 2015, the central bank banned the use of its foreign
exchange to pay for rice imports and has backed loans of at
least 40 billion naira ($131 million) to help smallholders boost
output, before moving to a full border closure last summer.
Mohammed said his government was happy with how the move had
spurred local production. Yet the border closure also worsened
price pressures, with inflation at 11.98% in December, rising
for the fourth straight month and well outside the central
bank's band of 6%-9%.
"We see this only as temporary," he said, adding he expected
inflation to fall into the single digits by 2023.
Nigeria ranks among top nations overstaying U.S. visas https://tmsnrt.rs/2RUzOaV
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>