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Child’s Protection: FG Says Violence Against Minors Cost Nigeria’s Economy $6bn Annually

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The Federal Government has said that the economic impact of violence against children in Nigeria was estimated at 6.1 billion dollars  annually.

This amount is equivalent to about 1.07 per cent of the country’s Gross Domestic Product .

The Permanent Secretary, Ministry of Budget and National Planning, Olajide Odewale disclosed this at the inauguration of the two reports on child Protection in Abuja.

The reports are Financial Benchmark on Child Protection Services and the Economic Burden of Violence Against Children.

Odewale said the estimated economic value that Nigeria loses to some selected health consequence of violence against children in 2014 amounted to N849 billion for females and N570 billion for males.

In spite of this huge loss, he said the financial investment on child protection was a paltry N27.89 kobo spent per child on child protection per day.