Tuesday, September 2, 2025
23.1 C
Lagos

Boko Haram: Nigeria Lost $9bn Since 2011

A study conducted by the Federal Government of Nigeria and various investors revealed that terrorist attacks Boko Haram has been carrying out in the 6 states in North-Eastern part of Nigeria since 2011 have cost the country $9 billion.

The study is yet to be released however its first figures were disclosed in a statement published on April 4 by the office of Nigeria’s vice-president, Yemi Osinbajo.

The study is the produce of the Nigeria Recovery and Peace Building Assessment, an intervention program in the six North-Eastern states involving World Bank, European Union and the United Nations. “At least $6 billion is needed for immediate and near-term stabilisation,” Osinbajo’s office said in its statement.

The on-field damage assessment which was carried out in each of the six States was based on education, water, housing, sanitation, public building, energy, environment, transport, economy and trade.

Boko Haram up till now killed more than 20,000 and caused close to 3 million Nigerians to leave their homes.
The jihadist insurgency has for goal the adoption of sharia and establishment of caliphate.

The sect which is led by Abubakar Shekau and was categorised as a terrorist organisation by the United Nations Security Council in May 2014, pledged allegiance in March 2015 to the Islamic State (IS).

spot_img
spot_img

Hot this week

Ecobank Nigeria @ 40: Group Unveils N60m in Cash Rewards Program for Customers

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

GOCOP 2025: Conference on Governance Challenges, Prospects Set for October 9

The Guild of Corporate Online Publishers (GOCOP) has announced...

NCC Advances Cybersecurity Framework to Safeguard Nigeria’s Telecom Infrastructure

L-R: President, International Youth Parliament, Hon. Promise Digos; Chief...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu Director-General Budget Office of the Federation The Lagos Illusion The...

From Devaluation to Domination: How Tinubu’s Exchange Rate Reforms Turned the Naira into Nigeria’s Export Engine

By Tanimu Yakubu When President Bola Ahmed Tinubu’s administration...

Topics

NCC Deploys 84 IT Projects to Support Persons with Disabilities

L-R: JohnMichaels Mbanefo, Head, Media and Publicity, National Commission for Persons...

Orange Drives Digital Transformation in Africa, ME

Speaking at its 4th annual strategy and activity update...

African Alliance: ‘Business Continuity Process Drives Performance Post-Pandemic’

The management of African Alliance Insurance Plc said the...

Equities Extend Losses to Third Consecutive Session… NSE ASI down 1.5%

At the close of trade today, the equities market...

NCC: Re-engineering Regulation, Management Tools to Drive Telecoms Sector

L-R: Quassim Odunmbaku, Special Assistant, ECSM's office, NCC; Abulaziz...

Flydubai Announces 4th Year of Profitability, 25% Passenger Increase

Flydubai saw the number of passengers from across its...

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

Leading financial institution, Fidelity Bank Plc has announced plans...

N5tr Recovery Possible if AMCON Unleash Full Powers – Legal Experts

Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria...
spot_img

Related Articles

Popular Categories

spot_imgspot_img