South-east Nigeria has lost an estimated N7.6 trillion in four years because the Indigenous People of Biafra (IPOB) keeps forcing people to stay home on Mondays, according to a new report by SBM Intelligence.
SBM Intelligence titled the report ‘Four Years of Disruption’. The report shows how a protest that started to demand freedom for IPOB leader Nnamdi Kanu has become a long-lasting economic and humanitarian crisis. The crisis includes violence, fear, and destroyed jobs.
In most parts of Abia, Enugu, Imo, Ebonyi, and Anambra states (which make up the south-east), SBM said Mondays now have no business activity. Streets stay empty and businesses remain closed.