IMPACT OF TERRORISM ON NIGERIAN ECONOMY
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IMPACT OF TERRORISM ON NIGERIAN ECONOMY
Chapter One
Introduction
Background of The study
Terrorism, according to Lodge (1988:5), is an illegitimate means of attempting to achieve political change by the indiscriminate use of violence. Terrorism, according to Madunagu (2001:51), is “the use of violence to achieve political objectives.” The bottom line of the concepts above is that terrorism is a form of political violence.
Terrorism has become a topic of concern around the world since the September 11, 2001 attacks on the World Trade Centre twin towers and the Pentagon in the United States of America. According to Dr. Anslem Dilichukwu Omenma in one of his presentations at Caritas University’s political science seminar day,
Boko Haram can be traced back to the militia group ECOMOG, which enjoyed the patronage of top politicians in other parts of northern Nigeria, who began to patronise the group through budgetary allocations. The
Nigeria’s security has been jeopardised, and the economy has suffered as a result.
As a result, the research is an attempt at a critical analysis to demonstrate how Boko Haram has influenced the economy, either positively or badly. It has been noted that Boko Haram is regarded as a terrorist group that has harmed Nigeria’s economy, particularly in the north.
Attempts will be made to determine how this sect has harmed Nigeria’s economy and possibly recommend long-term solutions to the problem, so that the country can achieve the peace and stability it seeks and terrorism in Nigeria can be eliminated.
A casual glance around the world reveals that many countries under this regime have suffered and continue to suffer from terrorist attacks. For example, the United States of America, which has existed for nearly two centuries from the 18th century, suffered at the hands of Osama Bin Laden until he was assassinated in 2011.
Also included are Israel, Pakistan, and a few other countries in
Terrorist strikes in Africa have made peace and stability nearly a mirage. For example, the United States of America attacked Libya in 1986.
After Boko Haram became a national threat in Nigeria following the 2011 general elections, northern governors who had relationships with the sect began to withdraw their patronage and eventually abandoned them to their fate. The Nation (2011), p. 13. Most scholars and analysts believe that terrorism is a political manifestation rather than a criminal conduct.
As a result, they agree that terrorist organisations all over the world share a common adversary in the status quo, which is represented by the ruling regime, the political system, and the economic system.
In their opinion, the primary goal of terrorists is to upset the status quo or destabilise the ruling system in order to impose their own beliefs on the rest of society.
However, because terrorists frequently lack ready public support and face harsh government repression, they must invariably resort to violence.
indiscriminate violence on a tactical and strategic basis to instill fear and intimidation among the public and persuade them of the legitimacy of their cause (Lodge, 1988:3).
Terrorist acts all involve violence or, more importantly, the fear of violence. Boko Haram, an Islamic extremist sect, has been terrorising Nigerians for nearly two years, sapping economic development in the country’s north.
According to “focus Nigeria,” a television interactive broadcast in 2012, the insurgency has caused the demise of commerce in the country, particularly in the north.
For example, traders who used to come from all across Nigeria and neighbouring countries to buy textiles in Kano no longer frequent the market, and it is no longer as crowded as it once was. The investigation will look into how this threat has infiltrated our economy.
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