Vice President Kashim Shettima has revealed that Borno state lost up to $6.8 billion to Boko Haram insurgency.
Shettima made the revelation on Saturday while declaring a post-insurgency assessment in the North-East to the tune of $9bn.
According to him, Borno, the epicentre of the insurgency, lost $6.8bn alone.
Shettima, who spoke in Maiduguri while flagging off palliative distribution for states in the region by the North East Development Commission Shettima, narrated how several emirs were displaced without any emirate to govern.
He said, “A lot of our emirs here were emirs without emirate. Ten years ago, the palace that Governor Babagana Zulum calls home was under the control of Boko Haram. 10 years ago, the hometown of the governor of Yobe State was under the grip of Boko Haram. 10 years ago, a chunk of the North-East was under Boko Haram. Maiduguri was effectively encircled apart from Maiduguri/Kano Road that was sporadically attacked by Boko Haram.
“Based on the post insurgency, recovery peace building assessment report of the North-East which was validated by the World Bank, European Union and the Presidency, Boko Haram inflicted damages in the North-East to the tune of $9bn, Borno alone has damages worth $6.8bn.”
The initiative by the NEDC was part of its efforts to cushion the effect of the fuel subsidy removal on people in the region.
