16 February 2013

Nigeria: Viable Economy, Solution to Boko Haram, Security, Says Sanusi

The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi Friday said the security challenges of the nation cannot be treated in isolation without tackling the economic problems which has left many poor.

Speaking at the flag off of the Financial Inclusion Strategy Pilot Implementation in Maiduguri, the CBN governor said the present security challenges faced by the country could be traced to the economic problems.

He said trying to solve one without the other is an effort in futility and everyone need to bring all the resources available to tackle the problem of insecurity pervading the country.

According to him, Nigeria cannot afford to be so obsessed with the security situation of Borno to think that the only solution is to flee the state or limit strategies to solving the challenges only without tackling what perhaps caused it in the first.

He noted that thinking that security challenges is in isolation and can be tackled in isolation is like entering a vicious cycle that we do no one any good.

The governor of the apex bank who identified poverty and unemployment as the root cause of the Boko Haram crisis, said for the nation to have security there must be viable economy.

"There cannot be security without viable economy, security depends on a viable economy and we cannot fixed the present insecurity in the state without fixing the economy or putting the economy in the right shape."

Copyright © 2013 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.