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| Security Threats and Nigeria's Economic Growth: Assessing the Effects of Boko Haram Terrorism (2010-2022)
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Nduba, Onyebuchi Johnpaul, Ikedi, Amaechina, Ezeamu, Emmanuel Okwuchukwu, Ngini, Ignatius Ifesinachi, Obi, Chinenye Blessing
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Abstract:
The study interrogated the security threats arising from Boko Haram terrorism on Nigeria's economic growth since 2010. Imperatively, the study examined the effects of Boko Haram terrorism on Nigeria's economic growth in the specific areas of Gross Domestic Product (GDP), Economic Growth Index (EGI), Investment Freedom Index (IFI), inflow of Foreign Direct Investment (FDI), Tourism arrivals cum patronage among others which serve as indicators of economic growth. The study is qualitative and descriptive in typology. It employed secondary sources of data; data were gathered through documented evidence which includes annual reports on economy, journal articles, media publications and textbooks. Data were content-analyzed thematically and logically while Systems theory by David Easton provided a meaningful theoretical explanation to the study. Among other findings, the study revealed that security threats arising from Boko Haram terrorism has posed serious negative effects on Nigeria's economic growth in the reviewed years. For this reason, the study recommended a sincere dialogue with Northern Islamic leaders and the leaders of the group. More so, there is need for Nigerian government and nationals both home and abroad to step up their international campaign against all forms of security threats; in addition, there is need for Nigerian political elites to take into cognizance the suggestions cum solutions provided by empirical Studies and reports by researchers in the area of terrorism. This will give Nigerian government better clues on how to solve the menace. These aforementioned served as practical solutions and updates in knowledge for further studies.
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