Historical Analysis of Economic Impact of Terrorism in Nigeria from 1999-2019

Abstract

Since 1999, Terrorist acts as occasioned by insurgency activities in the far Northern part of Nigeria, uprisings in Niger-Delta, separatist movements in South-east, herdsmen attacks in North-Central Nigeria, kidnappings in the South-West, armed robbery and judicial cum other violent activities in the rest of the country, have invariably put Nigeria in a siege perpetually afraid of what will happen next. Never a time in her history has the country threatened by fear of insurgent attacks since the civil war of 1967-1970. Political differences, poverty, ethnic struggles, fear of marginalization, nepotism, partiality in the distribution of economic resources, corruption, insincerity, deceit etc. have been contributory to the terrorist attacks in the country. Solutions seem to be far-fetched. The result is untold economic impact which continues to worsen the indices for development. Low Human Development, drop in school enrollment, unemployment, poor health conditions, in short, all statistics for development keep on dwindling as IDP Centers are established here and there with poor management and supervision. This article tends to analyze the economic impact of terrorism in Nigeria from 1999-2018. This article adopts frustration/aggression theory for interpretation of events. Secondary source materials were extensively utilized.