PROMISE BONAVENTURE OKEI

This study examines the effect of Boko Haram terrorism on the Nigerian economy. Boko Haram insurgency, which has persisted primarily in the northeastern region of Nigeria, has resulted in widespread insecurity, loss of lives, destruction of property, and disruption of economic activities. The insurgency has negatively impacted key sectors of the economy, including agriculture, trade, education, and infrastructure, thereby hindering national development and reducing investor confidence. The study adopts a descriptive survey research design and relies on both primary and secondary data sources. Primary data were collected through structured questionnaires administered to affected communities, business owners, and local government officials, while secondary data were obtained from journals, reports from the National Bureau of Statistics (NBS), the Central Bank of Nigeria (CBN), and publications on national security. Data were analyzed using statistical methods to determine the economic consequences of the Boko Haram insurgency. The findings reveal that Boko Haram terrorism has significantly disrupted economic activities, reduced agricultural production, increased unemployment, discouraged foreign and local investments, and contributed to the diversion of government funds from development projects to security expenditures. The study concludes that terrorism poses a severe threat to Nigeria’s economic growth and stability. It recommends the implementation of stronger security measures, socio-economic development programs in affected regions, and effective counter-insurgency strategies to mitigate the adverse economic effects of terrorism.