President of the African Development Bank, Dr. Akinwumi Adesina, has disclosed that insecurity is the number one challenge to the development Nigeria and other African countries.
Adesina made this known in a series of tweets on Tuesday, adding insecurity has become a political and economic issue.
According to him, terrorism in Africa’s continent is shrinking investment.
Insecurity is now the number one challenge to Africa’s development. Terrorism is shrinking Africa’s investment space.
Insecurity is no longer a political issue. Insecurity is an economic issue.
We must no longer decouple security and development. We must ensure security and stability in Africa.
Africa needs new financial instruments to protect and secure investments in countries and regions against rising insecurity.
Nigeria has been at the forefront of the fight against insurgency for about a decade. The recent spate of kidnappings in the north of the country have further made livelihood difficult in the region and also scaring away foreign investors.
Since the start of the year 2021, three abductions involving schoolchildren have been witnessed, with the latest being the abduction of about 300 schoolgirls last Friday in Jangebe, Zamfara State.
Recall also that in other parts of the country, there have been ongoing clashes between herders/farmers; a development that has seen locals call on Fulanis to quit their lands.
Following the wanton killings of members of the host communities by suspected Fulani herdsmen, there tension in the land as many Nigerians caution against ethnic cleansing as witnessed in Rwanda in 1994.