Borno suffers ₦27bn economic blow from 9-day flood disaster

The flood submerged over 70% of the city, disrupting the daily bustling trade that generates over ₦3 billion.

The president of the Borno Chamber of Commerce, Industries, Mines, and Agriculture (BOCCIMA), Alhaji Ahmed Ashemi, highlighted Maiduguri’s strategic importance, describing it as a major trading hub second only to Lagos.

“Maiduguri is an essential trading station, with 3 billion in transactions daily,” Ashemi said, lamenting the economic toll of the flood.