Project Abstract

Abstract
Terrorism remains a global threat, impacting not only the safety and security of nations but also their economies. This research project focuses on the specific case of Nigeria and examines the economic implications of the Boko Haram insurgency. The study assesses the direct and indirect effects of terrorist activities on various sectors of the Nigerian economy, including tourism, agriculture, and foreign investment. Through a comprehensive analysis of existing data, interviews with experts, and case studies, the research evaluates the costs of terrorism in terms of lost revenue, increased security spending, and reduced investor confidence. By examining the relationship between terrorism and economic development in Nigeria, this project aims to provide valuable insights for policymakers, business leaders, and international organizations seeking to address the challenges posed by terrorist groups like Boko Haram. The findings of this research contribute to a better understanding of the complex dynamics between security threats and economic stability in a developing country context. Moreover, the study offers recommendations for enhancing the resilience of the Nigerian economy in the face of ongoing security risks, emphasizing the importance of targeted interventions, effective risk management strategies, and international cooperation in combating terrorism. Overall, this research project highlights the urgent need for coordinated efforts to address the multifaceted impact of terrorism on Nigeria's economy. By shedding light on the specific ways in which the Boko Haram insurgency has affected key economic indicators and socio-economic development in the country, the study aims to stimulate dialogue and action towards building a more secure and prosperous future for all Nigerians. The insights generated through this research have the potential to inform evidence-based policy decisions, foster greater public-private collaboration, and mobilize resources for sustainable development initiatives that promote peace, stability, and inclusive growth in Nigeria and beyond.

Project Overview

Terrorism according to lodge is an illegitimate means of attempting to effect political change by the indiscriminate use of violence (Lodge 1988:5). Also Madunagu (2001:51) maintains that terrorism is “the use of violence to achieve political objectives”. The bottom line of the above definitions is that terrorism is an aspect of political violence. Since September 11, 2001, multiple attacks on the twin towers of the World Trade Centre and pentagon in the United States of America, terrorism has become a House Hold discussion in the world. Boko Haram according to Dr. Anslem Dilichukwu Omenma in one of his presentation at Caritas University political science seminar day, is traceable to the militia group called ECOMOG which enjoyed the patronage of top politicians in other parts of the northern Nigeria, began to patronize the group through budgetary allocations. TheBoko Haram group has affected Nigeria‟s economy badly most especially in the northern part.

According to a seminar presentation in Caritas University by Dr. D.A. Omenma (H.O.D), the Boko Haram Insurgents started as a militia group called ECOMOG, which have being sponsored by prominent politicians in the north – eastern states of Borno and Yobe during the build up to the 2003 general elections. Later, other politicians in other parts of Northern Nigeria began to sponsor the group they provided them with huge sums of money, provision of training grounds on the many mountains scattered in the northern region as well as protection against arrests by the Federal governments. (Omenma 2012:15).

The sects spokesman Abu Qeda in one of his confessions in 2012 stated that the Boko Haram sect started as a fundamentalist group officially called Ahlus Sunna Lid Dawatis Jihad but now popularly