Former minister of aviation, Ostia Chidoka, has warned that a growing wave of military coups around Nigeria poses a serious threat to the country’s security and stability.
Chidoka said the military takeover in Niger republic has already worsened insecurity in Nigeria’s northeast and northwest.
He said Niger made notable economic and social progress before the coup, adding that per capita income grew by 26 percent over the last decade.
He said the World Bank projected 7 percent growth in 2023 and 12.5 percent in 2024 before the takeover, noting that inflation stood at four percent, the lowest in the regional monetary union.
Chidoka said the situation deteriorated rapidly after the coup, stating that an additional 600,000 people now need humanitarian aid, bringing the total to 4.3 million.
He said extreme poverty has risen to 52 percent and about 370,000 people, mostly women and children, are internally displaced.
The former minister said food prices have surged, with rice up 35 percent and other grains rising by more than 12 percent, adding that Niger defaulted on $519 million in debt and missed four repayments.
He said the 2024 growth forecast was almost halved, while military spending oversight has been scrapped, widening corruption.
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