To make matters worse, the dilemma involving herdsmen is worsening. Some have evolved into violent criminal gangs, or bandits, who kill and kidnap Nigerians and sometimes foreign nationals. In the South of the country, violentAccording to Business Day, data from the World Bankthat Nigeria’s defence budget has risen by 262 per cent in the past five years, from $1.72 billion in 2017 to $4.5 billion in 2021.
So Nigeria’s revenue crisis will stifle not only the government’s capacity for kinetic warfare but also its ability to improve the conditions that allow conflicts to emerge. And recent gains made by the military will require resources to prevent their reversal. Although government revenue may increase slightly over the rest of the year, high debt servicing payments will force policy choices that affect security and development. Federal authorities allocated 15 per cent of their 2022 budget to defence. ThisBeyond insurgencies, civil policing must also be strengthened to help deal with surging crime, which if left unattended, could intersect with violent extremism.
Some options for improving Nigeria’s public finances in the short term include ending the costly petrol subsidy payments, addressing oil theft and improving tax collection. President Muhammadu Buhari seems unwilling to remove the petrol subsidies, despite solutions that can be explored. The subsidies prevented Nigeria from benefiting from the recent oil boom when prices exceeded $100 per barrel.
We don't need any finance to Paralyzed Boko Haram, they will RUN OUT OF NIGERIA BY FORCE!
This is where Nato troop chips in
Just as Boohari planned it.
I told it's new name is bandits now?
Shame on Buhari the 'anti corruption' President that brought unprecedented sleaze into our oil industry
No they can only finance niger
If Nigeria can't, the media houses can always lend us money to do so. Nonsense !
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Source: Daily Trust - 🏆 13. / 51 Read more »