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News: Nigeria Lost $9bn To Boko Haram Attacks – Presidential Panel


The Presidential Committee on North-East Initiative has revealed on news that Nigeria lost about $9bn to the violent activities of the Boko Haram insurgents in Borno, Yobe and Adamawa states.

According to news report from the committee, a strategic framework would soon be set up by President Muhammadu Buhari in line with his determination to rebuild the North-East.

The Vice-Chairman of the PCNI, Alhaji Tijani Tumsah, said this on Thursday in Abuja, while briefing newsmen on the outcome of its inaugural meeting.

Meanwhile, the focus of the meeting was to discuss the mandate given to the PCNI to fashion out a way that would be most direct, in terms of the delivery of that mandate, analyse the enormity of the task and fulfill the presidential mandate to give succor to the people of the North-East.

Tumsah said, “We are not investigating anybody; there are people who are investigating such diversions. I’m glad you mentioned the Senate, the House of Representatives, police and the EFCC. Our mandate, going forward, is to provide a strategic framework for the implementation of all interventions going into the North-East in terms of humanitarian works, resettlement and eventual rebuilding of the North-East.

“In terms of cost, there is an immediate, short-term and long-term view. The entire rebuilding of the North-East, of course, will keep changing. But we do know that a substantial amount of resources estimated at $9bn have been lost to insurgency

“We are going to channel this strategic framework through a document that we have developed, that is going to be launched very soon. It is the plan of President Muhammadu Buhari to rebuild the North-East. That is the strategic implementation going forward.”

Speaking on the money meant for the rebuilding of the North-East, Tumsah said it was donated for a particular purpose – rehabilitation of the victims of terrorism.


Rev Francis Waive

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