Sit-at-Home: Deputy Speaker reveals Southeast lost whopping N4trn in 2 years

Emerging data revealed by Benjamin Kalu, the deputy speaker of the House of Representatives, has revealed that businesses in the southeast lost a whopping N4 trillion in two years due to the sit-at-home order of the Indigenous People of Biafra (IPOB).

As reported by TheCable, Deputy Speaker Kalu did not reveal the source of this statistical data he referenced.

Kalu reeled out this data on Friday, July 14, at a public function organised by the Ndigboamaka Progressive Markets Association in Lagos State.

According to Daily Sun, Kalu said:

“We cannot afford to retreat from our business endeavours. The stay-at-home order on Mondays has resulted in staggering losses of N4 trillion in the last two years in the south-east alone according to statistical data.”

He revealed that the aftermath effect of the sit-at-home is the distortion in the supply chain of goods and services from the southeast to other regions in the country.

Kalu said this development further affects other geopolitical regions that depend on the southeast to supply goods and services.

Kalu calls for stakeholders' intervention

He urged that stakeholders in the southeast must unite and form an alliance to combat and find a solution to the menace disrupting the free flow of businesses in the region.

The southeast states affected by the sit-at-home order include Abia, Anambra, Enugu, Imo and Ebonyi State.

The sit-at-home order has been on for a couple of years since the arrest and detention of the IPOB leader Nnamdi Kanu.

Kanu is still facing trial, and there are legal moves to ensure his release on bail from his detention, which lasted from the administration of ex-President Muhammadu Buhari.