The Southeast region has lost more than ₦7.6 trillion to its sit-at-home protests in two months, a new report by SBM Intelligence has said.
According to the report titled ‘Four Years of Disruption: Unmasking the Impact of IPOB’s Sit-at-Home Order in Southeast Nigeria’ released on Monday, the amount represented about 50-70 per cent revenue loss, with severe economic impact on the region.
By August 2025, it will have been four years since the Indigenous People of Biafra (IPOB) introduced its sit-at-home order across the Southeast.
IPOB, a separatist group seeking the restoration of the defunct Republic of Biafra, draws on decades-old grievances of marginalisation following the Nigerian Civil War.
Initially intended as a weekly protest demanding the release of its detained leader, Nnamdi Kanu, the action, first observed on 9 August 2021, has since evolved into a recurring and deeply disruptive phenomenon.