Africa Business Radio
Economic Activities Declines By 50% In Northern Nigeria
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:01:05
- More information
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Synopsis
The World Bank has stated that the destruction caused by the Boko Haram sect caused economic activities in the north-eastern part of the country to decline by 50 per cent. The Bank noted that Adamawa, Borno and Yobe states which are in the Lake Chad region saw economic activities decline from 10 to 14 per cent between 2009 and 2013, adding that the region has recorded a 50 per cent decline in activities from 2018. Lead Economist, World Bank and co-author of the report, Mr Marco Hernandez says Boko Haram is not just on those places where insurgency happens, it also affects neighbouring parts for where the actual attack happens as well. The bank called for enhanced trade, improved infrastructure to move people goods and services, improved governance and management of natural resources.