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SUMMARY
This study examines the effect of Boko Haram terrorism on the Nigerian Economy, the research finds that Terrorism is a disincentive to potential indigenous and foreign investors and the Boko Haram problem continues to hurt Nigeria. The evidence and fast changing indices (in form of changing migration patterns, cost of insurance in the North, mass repatriation of funds, dearth in skilled labour etc) speaks volumes. Historically, each region in Nigeria compliments the other. What the North lacks in access to the sea, the South provides. The north wields 78 percent of Nigeria’s land which supports most of Nigeria’s agriculture (food, cash crops and livestock). The South-West’s terrain supports both domestic and international commerce and provides an import/export rout. While the South-South and some parts of the South-East wield Nigeria’s oil wealth with increased intensity of bombings in the North, the gripping tension, insecurity, and suffering occasioned by the sect members and the military actions, subjecting innocent civilians to humiliation, brutalization, extortion and undue hardship led to the mass exodus of people from the violent zones.
