TERRORISM AND NIGERIA ECONOMY: AN EXAMINATION OF THE IMPACT OF BOKO HARAM: A FOCUS ON NORTH EAST 2000 – 2015.
Dr. B.A. Amujiri 1, Okorie, O.N2, Dr. A.N. Amujiri3, Dr. C.O. Ugwuibe4, Dr. C.I. Onodugo5, Dr. Y.L.Ogunlela6 & Dr. Okolie, C.A7
Published in 2019; Volume:xx No: 2 Article Number: 1

Abstract

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal"><b style="mso-bidi-font-weight:normal"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;; mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-GB">Abstract <o:p></o:p></span></b></p> <p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;line-height:normal"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;; mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi; mso-ansi-language:EN-GB">Terrorism, a deliberate creation for exploitation of fear through violence or the threat of violence in the pursuit of power where there is none or to consolidate power where there is very little has become a recurring issue in Nigeria. Through the publicity generated by their violence, terrorists seek to obtain leverage and power they otherwise lack to effect socio-political or religious change. Its attendant consequences are numerous. The work examined terrorism and the Nigeria economy with an examination of the impact of Boko Haram insurgency on the Nigerian economy. In carrying out the study, three questions were raised: What are the factors that led to the emergency of Boko Haram insurgency in Nigeria? How has the insurgency affected Nigeria economy? What measures have Nigeria government adapted to de-escalate the activities of the insurgent? Three objectives were equally formulated to address these questions raised. The study was anchored on relative deprivation theory while three hypotheses were put forward to guide the study. We used survey research design while data was collected through secondary source. All the data collected from documentary evidence, focus group discussions and other secondary sources were analysed through content analysis. The study found out that, the killing of the founder of Boko Haram, Mohammed Yusuf and bad governance triggered off the insurgency; that it has affected the economy of Nigeria adversely as it led to low direct foreign investment in this country and that Nigeria government has not devised an appropriate strategies to decimate Boko Haram due to the fact that there is mole in the military and other security organisation in Nigeria. Hence, it has exposed the failure of the Nigerian state. The study made some useful recommendations which includes that the government should cut off the sources of Boko Haram contact with other militant groups in North Africa and the middle East to reduce the infiltration of the sect by the more sophisticated groups outside the country and the cooperation of Northern state governors in intelligence gathering and sharing among others.<b style="mso-bidi-font-weight:normal"><o:p></o:p></b></span></p>

Keywords

Terrorism, Nigeria, Economy, Boko Haram, Insurgency, Loss of lives.
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