Nigeria lost $100bn to insurgency in 13 years- UNICEF

Nigeria’s decade-long insurgency in the North-Eastern part of the country has cost her $100bn.

In a statement, United Nation’s Children’s Fund (UNICEF) said the aforementioned amount spanned between 2008 and 2021.

According to UNICEF, the long term economic impacts of the conflicts could be seen in areas of death and injury, loss of livelihoods, displacement, and damage to infrastructure

UNICEF Nigeria explained that the impacts reduced the rate of economic growth for the country instead of growth if the conflicts didn’t erupt.

”Even in an optimistic outlook, it will take time for the conflict to be resolved and for life and the economy to return to normal. In considering a situation in which the effects of the conflict gradually decrease over a 10-year period, the study found that substantial impacts will still be generated during this time, leading to cumulative losses in the region of US$150–200 billion in total over that period.”.

According to the UN body, Nigeria as a whole has suffered varying degrees of damages resulting from the decade-long conflict.

The North-Eastern part of the country particularly Borno, Yobe and Adamawa states have been ravaged by the boko haram insurgents displacing millions of people and destroying properties.

Last month, the National Youth Service Corps (NYSC) and the Borno State Government re-opened its NYSC Orientation Camp after 13-years of interruption by the insurgents.