EFFECT OF BOKO HARAM TERRORISM ON THE NIGERIAN ECONOMY

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ABSTRACT

This focuses on the adverse Effects of Boko Haram terrorism on the Nigerian economy. Boko Haram terror attacks in Nigeria have unpleasant results on the economy in general. This has been proven by the decrease of valued added to the economy from the times Boko Haram insurgents held sway. Evidence has also indicated that the terrorist activities have dislocated capacity utilisation, installed, actual efficiency and selling price. The insurgency has also affected the exportation of manufacturing outputs. The economy has also been unfavorably influenced by the Boko Haram terror activities which seriously affect business sector. Insecurity has been increased as the terror group scaled up their noxious assaults. The insurgents’ attacks have hampered the once flourishing economy and peaceful coexistence of the people. It has fundamentally transformed the financial structure of the domestic economy.

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