THE EFFECT OF INSECURITY ON ECONOMIC GROWTH IN NORTHERN NIGERIA; AN ANALYSIS OF BOKO- HARAM ATTACKS

Author: Hadiza Bilyaminu Yakubu

ABSTRACT

Security is literally defined by most of the mainstream writings as a state’s capabilities to protect life and properties, as well as, defend its territorial integrity from either actual or imagined threats through the country’s security apparatuses. Pervasive insecurity depresses the economy in many ways that this paper considers some of the salient consequences. This paper examines the causes, implications, and panaceas for insecurity on economic growth in northern Nigeria. Using a survey research design and a well-structured questionnaire, a sample size of 500 was drawn from a population of 800 elite, business persons, and farmers in northern Nigeria. The major findings show that economic growth and investment activities tend to be negatively affected during periods of insecurity. Also, the rate of employment opportunities reduced during periods of insecurity. This implies that insecurity not only threatens economic activities with a negative effect on the entire economy as conjectured by various economic theories. Thus, to continuously sustain northern Nigeria’s economic growth, the government needs to protect domestic and foreign investments by stepping up its national security. all must be done to bring under control the insecurity that currently affects northern parts of the country. Government should protect and advance Nigerian economic interests against threats.

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