Thursday, September 10, 2026
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
No Result
View All Result
Newsdesk Africa
Advertisement
  • Cover
  • News
  • Politics
  • Business
  • Security
  • Entertainment
  • World
  • Sports
  • Editorial
  • Interview
  • Mails
No Result
View All Result
Newsdesk Africa
No Result
View All Result
Home Cover

S/East loses N10bn to sit-at-home

Our Reporters by Our Reporters
September 5, 2022
in Cover
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Ochioha 2

The every Monday protest sit-at-home started by the Indigenous People of Biafra (IPOB) in the Southeast costs the region about N10 billion loss every time it happens, says a report by the Institute of Economics and Peace (IEP).

The IEP report (January 2021 — June 2022) was unveiled in Abuja at the presentation of the research – “Nigeria Security Analysis Report” – put together by the policy think-tank, Nextier SPD.

The Nextier Violent Conflict Database is aimed at providing detailed insights into violent conflicts in Nigeria for research, policy advocacy, development, and security.

The database tracked violent conflicts such as banditry, terrorism, extra-judicial killings, farmer/herder incidents, armed robbery, cultism, piracy, secession agitation, and communal clashes.

According to the report: “The secessionist agitations in Nigeria raise serious concerns and have continuously thrown the nation into a state of instability and disintegration. 

“At the very least, a significant amount of resources and lives have been lost during these agitations.

“Escalating violence in the South East is hampering economic progress and social order. According to a report, every time there is a sit-at-home, the Southeast geopolitical zone loses about N10bn.

“Cities like Onitsha, Aba, and Nnewi are core manufacturing and commercial hubs that are negatively impacted by the insecurity in the region. 

“Manufacturing accounts for 31 per cent and 30 per cent of businesses in Aba and Onitsha. These commercial centres are also export routes to Central and West African nations.

“Violence is a drawback to education in the region. While pupils, students, and teachers in various parts of the country attend school, their South-East counterparts do not attend school on Mondays to avoid the wrath of overzealous members of the Indigenous People of Biafra (IPOB).”

The report also disclosed that violence affected eight per cent of Nigeria’s Gross Domestic Product (GDP) leading to the country’s loss of about ₦50trn within 18 months.

Further reporting the impact of insecurity in other parts of the country, the report said: “From the North to the South, activities of armed men have led to bloody shootouts, protracting crises, and complicated security situations. In many rural communities in Nigeria, violent conflicts limit access to farmlands and disrupt livelihood sources. Due to this challenge, food insecurity across Nigeria looms in rural areas.

“Also, cities are not left out. Research shows that rural-urban migration may contribute to social and economic problems, including urban insecurity.

“Bandits are rampaging vulnerable villages in Northwest and North central Nigeria. Tracked activities by bandits include village raids, sexual violence, ransom kidnapping, killings, and large-scale livestock rustling, said the report, citing the recurrent violence affects the livelihoods of about 21 million people in Kaduna, Katsina, Kebbi, Niger, Sokoto, and Zamfara States.

“Additionally, insecurity has displaced many farming communities and hindered cultivation. This situation has deterred agricultural supply and increased the cost of agricultural goods. 

“Nationally, the cost of essentials like beans and tomatoes has increased by 253 per cent and 123 per cent, respectively, since July 2020.

“A measure of beans (known as Mudu) cost 73 cents (N305.48) in July 2020, but by July 2021, it was going for $2.16. (N900). Other goods, including bread, onions, and cassava flour, have increased exponentially.

Previous Post

NIWA  gets two patrol boats to enhance maritime safety

Next Post

NNPC ready for forensic audit of fuel supply

Next Post

NNPC ready for forensic audit of fuel supply

https://youtu.be/FHyJ1Wr0FAk?si=0WVYI_2OR4OrIrQ4
https://youtu.be/gbE3azm_Io0?si=GdE3Mqelo1ujTNla
Senate expresses worry over Boko Haram resurgence, likelihood of spreading
Business

CBN strengthens supervisory focus on terrorism financing risk

by Mohammed Koi
September 10, 2026
0

The Central Bank of Nigeria (CBN)says it has elevated terrorism financing supervision to a current supervisory priority, as part of...

Read moreDetails
Finding A Path To Peace: Nigerian Govt and Boko Haram strike secret ceasefire deal and Nigeria’s long, faltering history of dialogue with Boko Haram

Finding A Path To Peace: Nigerian Govt and Boko Haram strike secret ceasefire deal and Nigeria’s long, faltering history of dialogue with Boko Haram

September 10, 2026
Underserved connectivity and the govt’s 4,000 towers initiative

NCC strengthens type approval compliance for SIM-enabled devices in Nigeria

September 9, 2026
Benue govt must identify, prosecute those that blocked Peter Obi’s movement – Kwankwanso 

46 arrested over obstruction of Peter Obi’s movement in Benue

September 9, 2026
81,000 Inmates, 4,000 on Death Row: NCoS, Army Intelligence tighten security pact

81,000 Inmates, 4,000 on Death Row: NCoS, Army Intelligence tighten security pact

September 9, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Homepage

Copyright© 2022-2025 Newsdesk Africa Published by Glossy Affairs Ltd. Tel: +2348152359152. Email: info@newsdeskafrica.com.ng editor@newsdeskafrica.com.ng