Saturday, November 29, 2025
29.9 C
Lagos

Igboho & Kanu: What Impact on Economy?

The arrest of Yoruba activist, Sunday Igboho in neighbouring Cotonou, Benin Republic has heightened the already existing socio-economic tension in the country, not just in the South-West geo-political zone.
And this is coming on the heel of similar arrest of Mazi Nnamdi Kanu, the IPOB Leader allegedly in Kenya some days back.
While many analysts are not yet sure of the magnitude of such arrests on the economy, an economist who craved anonymity due to the security implication of the situation, painted a gloomy effect on the nation’s economic landscape.
“Of course, the Federal Government has succeeded in capturing both Igboho and Kanu but the truth remains that Nigeria does not need such ethnic tension at this time when the security situation nationwide has already driven the economy into high inflation and uncertainty. I just hope that Buhari will handle the situation diplomatically to avoid more damage to the economic well-being of the country.”

spot_img
spot_img
spot_img

Hot this week

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

Dangote Contracts Honeywell for Major Refinery Capacity Upgrade to 1.4m BPD

Dangote Group is pleased to announce that it has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

NNPC Declares ₦5.4tn Profit After Tax

NNPC Limited has announced its financial performance for the...

Stanbic IBTC Unveils Digital Lending Suite to Enhance Access to Credit

Stanbic IBTC Bank, a member of Standard Bank Group,...

Topics

Will Islamic Finance Power Growth in Sub-Saharan Africa?

As home to a quarter of the world’s Muslims,...

NCC Lists Reasons for Stringent SIM Card Processes

The Nigerian Communications Commission (NCC) has again explained to...

IATA: Global Airline Industry Targets $30bn Profit in 2017

The International Air Transport Association (IATA) has announced that...

PenOp Unveils Induction Academy to Equip New Pension Industry Employees

The Pension Operators Association of Nigeria (PenOp) has successfully...

NCC Director, Yakubu Gontor Honoured by Northern Youth Organisation

From right: Yakubu Gontor, Director, Financial Services, Nigerian Communications Commission...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

Global Airlines Financial Monitor: September 2017

The more complete financial data from Q2 show...

NIGERIA: Preparing for Post-2020 Global Economic Stature

- Robert Orya Year 2020 is forty-four months away. According...
spot_img

Related Articles

Popular Categories

spot_imgspot_img