Borno State has suffered severe economic damage following nine days of unrelenting floods in its capital, Maiduguri.
The devastating floods have resulted in an estimated loss of N27 billion, paralysing business activities in the city, which is a key trading hub for agricultural products.
'Maiduguri is an essential trading station, comparable only to Lagos in terms of border trade across Africa,' BOCCIMA President, Alhaji Ahmed Ashemi, said. In response to the crisis, donations and support have started pouring in. As of Wednesday, pledges and actual receipts totalled N21 billion, including contributions from corporate entities, state governments, and prominent individuals.
Former Vice President Atiku Abubakar and Peter Obi also contributed N100 million and N50 million, respectively.
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