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TERRORISM COMES WITH ECONOMIC UNDERDEVELOPMENT: AN APPRAISAL OF HOW BOKO-HARAM ACTIVITIES UNDERMINED NIGERIA’S ECONOMY DURING JONATHAN’S REGIME
Abstract: The rise of Boko Haram insurgency has introduced a criminal dimension, hitherto unknown and uncommon in the Nigerian society. Boko haram has continued to unleash terror on people and has been a major threat to social and economic activities. The influence of security on the economic prosperity of a nation cannot be overemphasized. This is because without a serene environment, industrial activities, trade and production would forever remain elusive. Different studies have examined the horrendous effects of terrorism on national and global economy. However, there is a paucity of studies regarding the effects of Boko haram menace on the Nigeria’s economy, especially during President Jonathan’s regime. This identified gap is the major rationale for this study. The paper was anchored on structural functionalism theory. The paper discovers that the Boko-Haram activities discourage foreign direct investment and trade flows during Jonathan’s regime. Hence, efforts should be geared towards extricating Boko haram insurgency in order to have a viable economic development.
Keywords: terrorism, economy, development, foreign direct investment, and trade