From Boko Haram insurgency and communal clashes in Nigeria to civil war in Somalia, Africa, like the rest of the world has incurred huge losses from war and violence.
Absolute peace is desirable but it seems to have eluded the world for centuries. But when there is war and violence, we all pay.
Indirect costs associated with violence, as well as its huge human toll, cost the world’s economy upwards of $14 trillion each year. These costs include lost productivity due to conflict, falling levels of consumption and costs associated with homicides and terrorism. The economic impact of violence on the global economy in 2014 was estimated at $14.3 trillion or 13.4 per cent of world GDP.