Insurgency: We lose N500m weekly to Boko Haram, fish producers cry out

Insurgency: We lose N500m weekly to Boko Haram, fish producers cry out

- Fish producers in Borno state have cried out over the lingering Boko Haram insurgency

- According to the association, they lose up to N500 million weekly as a result of the insurgents

- This was made known by Alhaji Abatcha Mandalama, the chairman of the association in an interview

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There are indications that the high rate of insurgency in the northern part of Nigeria may affect fish producers in Borno state.

According to the Borno Fish Producers and Marketers Association (BFPMA), every week they lose up to N500 million in fish business due to the lingering insurgency.

Alhaji Abatcha Mandalama, the chairman of the association on Thursday, March 4, revealed this during an interview with Leadership Newspaper in Maiduguri, Borno state capital.

Insurgency: We lose N500m weekly to Boko Haram, fish producers cry out
The Borno government is losing a lot of revenue due to Boko Haram insurgency. Photo credit: @ProfZulum
Source: Twitter

Mandalama said thousands of its members are now poor, adding that the state government is losing a lot of revenue as a result of the challenges the business in Borno.

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He explained that prior to the attacks, a carton of Aspen fish was sold at N19,000 but it’s now sold at 38,000, while a carton of Rothman that goes for N7500, now sells for N18,000.

While attributing the high cost to Boko Haram preventing people from fishing in Lake Chad, the chairman said until the military clears terrorists and restores normalcy, the economy will still remain in shambles.

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Meanwhile, Legit.ng reported that the leadership of cattle and foodstuff dealers decided to lift the blockade placed on the supply of food to the southern parts of Nigeria.

The group under the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) arrived at the decision after a meeting with some governors in Abuja on Wednesday, March 3.

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AUFCDN said it decided to end the industrial action following the appeals made by the governors to them.

Abdullahi Tom, a youth leader of the cattle dealers in Lagos, told the publication that Governor Yahaya Bello of Kogi state was among the leaders who attended the meeting.

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Oluwatobi Bolashodun is a Legit.ng journalist with six years of working experience in the media industry. She graduated from Babcock University in 2012 with a Bachelor’s Degree in Mass Communication. Oluwatobi is a Current Affairs Editor, mostly writing on political, educational, and business topics. She uses her team spirit to encourage others to work hard.

Source: Legit

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