(Bloomberg) Boko Haram's Cost to Nigeria's Borno State: $1 Billion And Rising

Boko Haram militants have destroyed infrastructure that may cost more than $1 billion to rebuild in the northeastern Nigerian state of Borno, the main theater of the government’s six-year fight against the Islamist insurgency, according to Governor Kashim Shettima.

“Hospitals, bridges, roads that they mined will require about 79 billion naira ($397 million)” to rebuild, Shettima, 49, said in an interview at his office in the state capital of Maiduguri. “If you are to quantify the homes, the figure may reach even three times the figure I quoted.”

The conflict has displaced 1.6 million people in Borno state, or 27 percent of the population, and about 121,000 live in camps in Maiduguri, according to the National Emergency Management Agency. With Boko Haram razing villages, schools, hospitals, clinics and businesses in 22 of 26 of Borno’s local government areas, residents have abandoned their homes and sought refuge in the relative safety of the state capital and the neighboring countries of Cameroon, Chad and Niger.

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