EFFECT OF INSECURITY MANAGEMENT ON THE NIGERIAN ECONOMY AND DEVELOPMENT

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EFFECT OF INSECURITY MANAGEMENT ON THE NIGERIAN ECONOMY AND DEVELOPMENT

Abstract

The alarming level of insecurity in Nigeria has increased the crime rate and terrorists attacks in different parts of the country, leaving unpalatable consequences for the nation’s economy and the continued security challenges in Nigeria and had drawn attention from scholars, practitioners, international communities and the federal government who had attempted to give solutions to forestall the growing occurrence of insurgency, Insecurity, corruption, killings, bombings, kidnapping, armed robbery and operations. Variety of economic challenges has hampered the growth of management and sustainability of the economic development in Nigeria in recent times. This study titled effect of insecurity management on the Nigerian economy, (2016 -2019), seeks to determine the effect of security challenges on the Nigerian Economy and Development. Descriptive statistics. Data was generated through questionnaires, primary and secondary sources of data were employed. The finding showed that insecurity challenges have negative and significant effect on the Nigerian economy and development. The paper recommend that federal and state government should continue to reinforce efforts in the fight against insurgency so that a safe environment will be created and activities will be carries out without any fear of uncertainty.

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