“First of all, we have to understand that Boko Haram does not operate by themselves. They are working with al Qaeda in the Islamic Maghreb. Now they are the largest group in West Africa right now,” Chris Moghalu, CEO of BTK securities told CNBC Africa.
“The reason AQIM is very important to what is going on in Nigeria is because they [al Qaeda] are aligning with Boko Haram and what they are doing. They are providing tactical support to Boko Haram, they also provide weapons for Boko Haram and they also provide ideological support.”
An estimated 3,600 people have been killed since the Boko Haram insurgency in 2009 and they have recurrently attacked churches, mosques, markets and schools.
“There’s another problem that we have, there is an infiltration and expansion of another section of terror groups…They are recruiting young unemployed youths and they are also providing funding. Funding is a major aspect of what is going on in Nigeria right now with the terrorists,” he added.
Last week, the Governor of Borno State, Kashim Shettima said that Boko Haram members are better armed and better motivated than Nigerian troops and that given the present state of affairs, it is absolutely impossible to defeat the terrorist group.
“Well what I know is that we are probably going to have our own 9/11 one of these days. We are going to get to that because we are very complacent in Nigeria. We are taking a reactive approach instead of a proactive approach,” he said.
According to Moghalu, the government is trying to curtail this however, because of the inefficiencies we have, they are now 10 steps behind Boko Haram. He believes that the solution lies with the general public as they need to get involved.
“The government is not going to deal with this alone. The oil companies, banks and all the other multi-national companies need to begin to train their staff on security awareness programs. Part of what my contribution to this is, is to train not their security personnel but their staff because they need to be aware of what is happening,” he explained.