Insecurity, and its consequences on Nigeria's Economy

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By Abdulhakami Junaidu Rabiu

One in every three Nigerians is neither afraid to travel either by car or train nor sleep with two eyes closed. The reason is not far-fetched. The song on the lips of everyone is "Insecurity".

The insecurity has been the major challenge and the most terrific threat to the Nigerian economy which soars higher in every nook and cranny of the state.

According to the Oxford Advanced Learners Dictionary, insecurity is precariousness, vacillation, self-doubt, and a deficiency in assurance.

Insecurity in Nigeria is growing in a scale, spread, and sophistication that is backed by corruption and corrupt people in every sector.

The insurgency of kidnapping, cattle rustling, and banditry is now a nightmare. Poor and rich, able and disabled are attacked, asked to surrender their possessions, and finally whacked. Leaving the family in an excruciating evacations and resulting in a higher number of helpless orphans and widows.

Between July 2015 to 2019 as many Nigerians as 25,793 were killed by bandits. Whereas between 2009 to 2019, as much ransom as 3 billion Naira was paid by Zamfara-based citizens to bandits. These were presented by the ex-inspector general of Police on behalf of his committee to the Zamfara State government last two years. Can you imagine!

The tears that Nigerian insecurity has provoked are caused by the following activities.

Corruption: This has been a major barrier to any success put in place in mitigating the menace of insecurity. The International and national bodies have been doing all within their reach to cut the menace. However, the effort proved abortive due to some existing bad elements in the government, the security ministry inclusive. Huge allocation is earmarked for the purpose but it's always siphoned and diverted to some personal accounts. And this affects economic growth.

In addition, nepotism also adds to the power of insecurity in Nigeria. There exist some so-called VIPs (Very Important personnel) who always breach the security protocols in the country. When a culprit happens to be a member of their ally group, tribe, region, or religion they will do all they can to exempt the person from being brought to justice. This has been a serious threat of insecurity in the country.

Finally, unemployment and lack of knowledge, and dwindling government revenue are other factors accelerating insecurity in Nigeria.

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