|Insecurity And The State Of The Nigerian Economy
|Wosu MADUBOCHI & Chuku Denne CHINOGONUM
|The study examined insecurity uncertainty and the state of the Nigerian economy. Descriptive survey design was adopted for the study. One state each from the six geopolitical zone was selected using convenience sampling technique. Thus, Sokoto, Borno, Benue, Anambra, Ogun and Rivers State respectively. Therefore, the population of the study is 25,254,994. comprising 12,502,731 males and 12,752,263 females. Structured questionnaire was used to elicit response from the sampled respondents. Data was collected and analyzed using the statistical package for social science (SPSS) version 23.0. Descriptive statistical tools such as simple percentage was used with tables and numerical figures to analyse our research questions. The study revealed that, the factor that engendering insecurity in Nigeria are Lopsided returns sharing formula in Nigeria is a dynamic that cause insecurity, Political religious factors hinder the much desired unity in Nigeria, Exploitation and marginalization factors play leading roles in state insecurity, these factors pose challenges on the economy as investors are driven away or are relocated. The threats of insecurity to the Nigerian economy are Investors are scared and relocate to favourable areas which affects the economy, some investors are kidnapped and even killed, Goods and services are affected, Business owners/ Production is low among others. the study recommended among other thigs that, Revenue sharing formula should be structured to accommodate the regions that are deprived, marginalized and exploited to avoid aggressiveness which fuels the state of insecurity. Exertions should be made to reduce poverty and poverty-related insecurities especially those who lack access to reliable food supplies, safe drinking water, adequate health care, and modern energy supplies, all these constitute the most immediate forms of insecurity.
|insecurity, Nigerian economy, terrorism, kidnapping, militants, bandits