Effect of Boko Haream in Nigera Econs
To say that the deadly activities of the
Islamic sect, Boko Haram, are killing the economy of the North is an understatement. In most states in the
North, the devastating socio-economic effects of the sect’s serial killings and bombings, especially in Borno, Yobe, Niger,
Kaduna, Kano, Plateau (which is more of ethno-religious conflict), Kogi, Bauchi and recently ,Sokoto, has destroyed economic and commercial activities with many people relocating to other places.
In Maiduguri, Borno State, where the sect originated, the frequent bombings and clashes between Boko Haram and security agents have weighed down seriously on commercial and businesses activities in the city as many business have reportedly crumbled while many people have fled the state. The Maiduguri Monday Market said to be the biggest market in the city is reported to have been seriously affected as hundreds of shop owners, especially Southerners are said to have closed their businesses and left the troubled city. About half of the 10, 000 shops and stalls in the market were said to have been abandoned by traders who have fled the city.
Banks and their customers are also said to be operating under difficult situation and have reduced their business hours to guard against being attacked by members of the sect. According to the Borno State Commissioner of Information, Mr. Inuwa Bwala, it will take the state 20 years to recover from the current predicament it has found itself.
Bwala, in a telephone interview with
THISDAY said the security situation has taken its toll on the economy of the state as many people have fled.
According to the commissioner, “it is only natural that when you have such a situation as we have now, it will affect the economic fortunes, especially where people go out to do business under the atmosphere of fear.
So there is no doubt that the crisis has taken its toll on our resources, on our business and on our economy. It will take
us
Islamic sect, Boko Haram, are killing the economy of the North is an understatement. In most states in the
North, the devastating socio-economic effects of the sect’s serial killings and bombings, especially in Borno, Yobe, Niger,
Kaduna, Kano, Plateau (which is more of ethno-religious conflict), Kogi, Bauchi and recently ,Sokoto, has destroyed economic and commercial activities with many people relocating to other places.
In Maiduguri, Borno State, where the sect originated, the frequent bombings and clashes between Boko Haram and security agents have weighed down seriously on commercial and businesses activities in the city as many business have reportedly crumbled while many people have fled the state. The Maiduguri Monday Market said to be the biggest market in the city is reported to have been seriously affected as hundreds of shop owners, especially Southerners are said to have closed their businesses and left the troubled city. About half of the 10, 000 shops and stalls in the market were said to have been abandoned by traders who have fled the city.
Banks and their customers are also said to be operating under difficult situation and have reduced their business hours to guard against being attacked by members of the sect. According to the Borno State Commissioner of Information, Mr. Inuwa Bwala, it will take the state 20 years to recover from the current predicament it has found itself.
Bwala, in a telephone interview with
THISDAY said the security situation has taken its toll on the economy of the state as many people have fled.
According to the commissioner, “it is only natural that when you have such a situation as we have now, it will affect the economic fortunes, especially where people go out to do business under the atmosphere of fear.
So there is no doubt that the crisis has taken its toll on our resources, on our business and on our economy. It will take
us