A whooping $100 million has been lost by Nigeria dues to armed conflict with insurgents in the North-East geopolitical zone between 2008 and 2021, the United Nations Children’s Fund (UNICEF) has said.
UNICEF stated this in a report issued on Wednesday, adding that: “The direct effects of conflict, in terms of death and injury, loss of livelihoods, displacement, and damage to infrastructure, are transformed into long-term economic impacts,”
It also said that this is because these impacts reduce the rate of economic growth for the country affected by conflict relative to what it might have been, had conflict not occurred.
