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Monday, August 15, 2022

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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.”

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