Dr. Chinyere Almona, Director-General, LCCI, made the call in an interview with the News Agency of Nigeria on Tuesday in Lagos.
Almona added that bad governance, a forceful takeover of government and extended stay in office might continue to instigate violent protests that disrupt business operations. This figure, Almona said, was equivalent to 11.6 percent of the world’s economic activity or $1,942 per person.Almona disclosed that the LCCI estimated the immediate loss from the EndSARS to be above N700 billion in October 2020, with discoveries of more losses after weeks of investigations by the government across the country.
“Nigeria moved one step from 147 in 2020 , though it still ranked eighth among the least peaceful countries in Africa after South Sudan, Somalia, the Democratic Republic of the Congo, Libya, Central African Republic, Sudan and Mali.“The damage it caused came with a hefty price of about $15 trillion or 11.6 percent of the world’s Gross Domestic Product.
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