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Posted By Admin On January 6th, 2026

President of ANAP Foundation and Founder of IBTC Bank, Atedo Peterside, has stated why there is a surge of terrorism and banditry in Nigeria.

Fielding questions on ‘Prime Time’, a programme on Arise Television monitored by DAILY POST on Monday, Peterside said some poor people can be easily recruited into banditry and terrorism because of their poor condition.

He said that Nigeria has an income distribution problem, adding that the nation has the very wealthy and phenomenally poor.

“Sometimes you can have an economy where the big guns are doing very well, their income is going up in the stock market and all, but I’m referring to the 140 million poor people. That’s where the problem is. And I think Nigeria has, clearly has an income distribution problem.

“We have the very wealthy, and we have the phenomenally poor, and you cannot have equilibrium when there are so many poor people around you. That’s why I wouldn’t say I’m frightened, but I pinch myself when I see wealthy people believe that everything will be fine forever, and around them, there are hundreds of millions of people who are poor.

“I don’t want to equate poverty with insecurity, banditry or things like that, but I think it’s obvious that for the bandits, for the terrorist poor people, whom the state is offering next to nothing, some of them can be easily recruited. So, they become the potential future bandits and the future terrorists.

Also, we have 30 million children out of school. People who are not educated are increasingly difficult to integrate into a modern economy. So if they can’t do a proper job, they also become targets for bandits and terrorists. We have a serious problem on hand. So how can the President sit pretty,” he asked.

Source: https://dailypost.ng/2026/01/06/why-theres-increase-in-terrorism-banditry-peterside/