The security crisis in Nigeria has crippled many investments and will exacerbate poverty in the country, the Lagos Chamber of Commerce and Industry said on Wednesday. “The crisis has crippled many private and public investments across the nation. Mabogunje said, “These have severe implications for food production and food distribution from farms to markets. “The worsening security situation will trigger further inflationary pressure on food prices, thus exacerbating the poverty condition in the country. According to the LCCI, the worsening security situation also impacts the fiscal position of government by making policymakers incur unplanned security-related expenditure at the detriment of infrastructural development.

Source: Punch April 28, 2021 23:18 UTC