The Lagos Chamber of Commerce and Industry said on Wednesday that the security crisis in Nigeria has crippled many investments and will exacerbate poverty in the country.

The Lagos Chamber of Commerce and Industry said on Wednesday that the security crisis in Nigeria has crippled many investments and will exacerbate poverty in the country.

The LCCI, which expressed serious concerns about the worsening security situation, said It is a sad commentary that kidnapping, herders-farmers conflict, ethno-religious violence, vandalism, armed robbery, banditry, arson, and insurgency have become routine occurrences in Nigeria.

Its President, Mrs Toki Mabogunje, said in a statement that the impact of the security crisis on the Nigerian economy remained profound and multi-dimensional.

She noted that many farmlands across the country, especially in the North and Middle Belt, had been destroyed in the process, and this had continued to disrupt agricultural activities in these areas.