The sit-at-home protests enforced by the Indigenous People of Biafra (IPOB) since August 2021 have inflicted devastating economic and security damage across Southeast Nigeria, resulting in N7.6 trillion in economic losses.
This was disclosed in a new report by SBM Intelligence assessing the toll of the weekly shutdowns, originally intended to demand the release of IPOB leader, Nnamdi Kanu.
According to SBM Intelligence, the economic disruption caused by the weekly lockdowns has severely impacted commercial cities like Onitsha and Aba.