Monday, May 27, 2013

Boko Haram war costs Nigeria more than $1 billion: study

The Boko Haram Islamist war in Nigeria has cost more than $1billion with an additional spending. Governor Lamido Sanusi raised a question about the war expenditure on whether the government can control the war spending.

Boko Haram war cost
Cost of Boko Haram war

The Central Bank of Nigeria is very concerned by the threat of rising spending as the government battles Islamist insurgents in the northeast. Inflation has stayed under 10 percent for four consecutive months, meeting the bank’s target.

Nigeria’s military is continuously attacking Boko Haram across the north, launching air strikes on insurgent camps, the military said, while forces are deployed in border areas to block the militants from fleeing.

“There have been air strikes since Wednesday,” defence spokesman Brigadier General Chris Olukolade told AFP, specifying that they were continuing Friday.

“Every one of their strongholds is under attack,” he said, adding that he believed “there are a lot of casualties,” without providing a figure.

The offensive is ongoing in all states declared under emergency.The war against Boko Haram is the largest against since 2009. President Goodluck Jonathan said in a statement released to the press that Boko Haram, must be curbed, not minding what it would cost the government.

“The excesses of Boko Haram must stop. That is the decision of this present government now. It must stop, whatever it will cost the government, it must stop,”

Independent Study now puts the figure at $1billion


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