Boko Haram turmoil in Nigeria could lead to economic decline there

| May 8, 2014

If the idea of Boko Haram’s actions is to gain sympathy for a cause around the world, they appear to be failing miserably. Again, how the kidnapping of children ever could be considered an act of political consciousness is far beyond our understanding. If reports of their actions and their boasts of responsibility are true, they group is destined to take its place in history along butchers such as Stalin and Hitler.

Further, the crises threatens to damage even more Nigeria’s reputation as Africa’s economic gem. That status already had been damaged by widespread allegations of government fraud and other forms of corruption. Some time ago, we spoke with a fiscal representative of a major area corporate concern that has holdings in various other African nations. The question was, “Given Nigeria’s status as an African economic powerhouse, why hasn’t your firm invested there?” His answer was simple: “Political instability.”

The representative pointed out, for example, that despite South Africa’s tumultuous history of apartheid and major domestic problems that still haunt the nation, the political structure and state security of the nation was relatively secure. Therefore, firms from around the world—including U.S. firms—feel safe investing in South Africa and similar situations as opposed to Nigeria, where it appears internal security issues are spiraling out of control.

We’ve heard various interpretations of what Boko Haram is supposed to mean and we cannot give you a definitive answer in that regarding. Suffice it to say that if the group is against “western-style progress,” they are succeeding in their goal. Lacking investment from around the world and lacking a climate in which others will feel safe doing business, Nigeria certainly will be left behind in the quest to be at the top of Africa’s economies.

310 people killed in latest Boko Haram attack; hundreds of girls remain missing

By Vladimir Duthiers, Holly Yan and Chelsea J. Carter, CNN

Abuja, Nigeria (CNN) — Nigerian President Goodluck Jonathan, whose country’s effort to subdue Boko Haram has been largely ineffective, declared in a speech Thursday that the terror group’s abductions of schoolgirls would be its undoing.

“I believe the kidnap of these girls will be the beginning of the end for terror in Nigeria,” he said at the opening of the World Economic Forum meeting in Abuja.

The abductions and an attack this week that left more than 300 people dead have focused worldwide attention on Nigeria’s fight with terrorists.

The world still doesn’t know what happened to the 276 girls kidnapped almost a month ago, except that Boko Haram leader Abubakar Shekau said he plans to sell them.

Anger grows over 200 missing girls Malala: ‘Girls in Nigeria are my sisters’ Reporter: Uncle was kidnapped in Nigeria

Now, the militants may be going after those trying to find the girls. On Thursday, Nigerian police said one officer was wounded in the neck during a gunfight with suspected Boko Haram militants on the road between Maiduguri and Chibok, where the schoolgirls were abducted April 14.

And on Monday, Boko Haram militants attacked Gamboru Ngala, a remote state capital near Nigeria’s border with Cameroon that has been used as a staging ground for troops in the search for the girls. Some of the at least 310 victims were burned alive.

via 310 killed in latest Boko Haram attack; kidnapped girls still missing –

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Category: Africa Briefs

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