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North-East lost over $9bn to insurgency, says committee

By Our Correspondent

The North Eastern part of the country has lost over $9billion to insurgency in the last seven years.

This is coming just as the National Assembly has also appropriated N12 billion in the 2017 to rebuild the North East that was ravaged by insurgency.

This was disclosed in Abuja by the Vice- Chairman of Presidential Committee on North- East Initiative (PCNI), Tijani Tumsah during a press briefing.

According to Tumsah: “In terms of the cost there is an immediate short term and long term view, the entire cost for the rebuilding of the North-East will of course keep changing. Substantial amount of money have been lost in the North- East via destruction, over $9 billion value of resources

“Our mandate is to provide a strategic framework for implementation of all interventions going into the North-East in terms of humanitarian, resettlement and rehabilitation and eventual rebuilding of the North-East. We intend to build back the North-East better”.

Tumsah also revealed that the implementation of the project is premised on a document called the Buhari plan.

“We are going to channel this strategic implementation framework through a document that we have developed that is going to be launched soon, the Buhari Plan for the rebuilding of the North-East.”

On the 2017 budget, the Senator representing North East, Senator Ali Ndume said the National Assembly has appropriated 12 billion in 2017 budget and 10.5 billion has been released to Presidential Initiative for the North-East (PINE) with a view to rebuild the affected areas.

He also disclosed that the project will be supported by the Ministry of Regional Planning, National Orientation Agency, and the National Assembly.

The committee work will last for three years and it is chaired by General Theophilus Danjuma with 20 members.

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