The Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, revealed that the South-east region of Nigeria has suffered significant economic losses amounting to approximately N4 trillion due to insecurity, particularly the recurring Monday sit-at-home protest that disrupts economic activities in the area. The figure was derived from a special study conducted in the region.
Speaking at the annual all-markets conference organized by Ndigboamaka Progressive Markets Association in Lagos, Kalu emphasized that the prevailing insecurity in the South-east has deterred investment in the region. He urged the Igbo community not to blame other regions or Nigerians but to take responsibility for impeding their own economic growth and causing harm to their fellow Igbo, highlighting that such actions will not bring benefits in the short or long term.
The federal lawmaker further stressed the importance of collaboration between the Igbo and Yoruba ethnic groups to bolster the nation’s economy. He advocated for joint efforts to ensure peace and harmony between the two tribes, stating that the Yoruba community is not the problem in the South-east.
Kalu expressed deep concern about the escalating violence, kidnappings, and other criminal activities in the region, emphasizing that such occurrences are detrimental to the progress and reputation of the Igbo people. He called for unity among the Igbo community to denounce the prevailing situation and work towards restoring peace and security in their land. He expressed his dismay at the current state of affairs, highlighting the increasing insecurity that has forced many Igbos to migrate and even hold weddings in foreign lands.
During the event, the Chairman and CEO of United Nigeria Airlines, Prof. Obiora Okonkwo, emphasized the need to avoid discord between the Yoruba and Igbo communities. He commended the support given to Governor Babajide Sanwo-Olu during the March 2023 governorship election, noting that it was based on his demonstrated competence and inclusive leadership, rather than his Yoruba ethnicity.
Okonkwo stressed that conflicts between the Yoruba and Igbo communities in Lagos are unnecessary and unproductive. He urged all parties involved to reject divisive politics and maintain harmonious coexistence, as the Yoruba and Igbo have lived together peacefully alongside other ethnic groups in Lagos for over a century.
He acknowledged that political tensions are inevitable in any society and are often fueled by diverse stakeholders vying for their interests. Okonkwo asserted that violence is not a solution and called on concerned Nigerian citizens to demand good governance as they strive to build a just and democratic nation. He highlighted the Igbo’s ability to thrive in peaceful and accommodating environments, emphasizing the importance of welcoming and inviting conditions for their entrepreneurial endeavors.
Okonkwo reminded Igbo individuals living and conducting business in Lagos and other states to respect the laws of the land while appreciating the hospitality extended to them. He emphasized the significance of good neighborliness and reciprocal relationships, urging the Igbo community to remember that the land belongs to the original inhabitants and to conduct their business while honoring and abiding by local regulations.
