International Journal of Economics, Commerce and Management United Kingdom Vol. III, Issue 6, June 2015 http://ijecm.co.uk/ ISSN 2348 0386 ECONOMIC CONSEQUENCES AND MANAGEMENT OF BOKO HARAM INSURGENCY IN NIGERIA Adeolu Durotoye Head, Department of International Relations and Diplomacy, AfeBabalola University, Ado Ekiti, Nigeria
[email protected] Abstract The Boko Haram insurgency in Nigeria has had a lot of socio-political and economic consequences in Nigeria. But it has also exposed the failure of the Nigerian state. The deadly Islamic terrorist sect in Northern Nigeria which has embarked on suicide bombing, kidnapping, and all kinds of atrocities all in the bid to impose extreme Islamic ideas on Nigeria has cost more than 4,000 lives, displaced close to a million, destroyed hundreds of schools and government buildings and devastated an already ravaged economy in the North East, one of Nigeria’s poorest regions. This paper endeavours to examine the nexus between the economic consequences of the insurgency and the management of the crisis by the Nigerian state. Why has the Boko Haram issue become almost intractable for the Nigerian state? Has the Nigerian government handled the insurgency lightly because of the perceived insignificant economic consequences of the insurgency? What had been done and what should be done to manage this crisis that has further impoverished Nigeria’s poorest region of the North East? This paper sets out to provide answers to these questions. Keywords: Boko Haram, Terrorism, Insurgency, Economic consequences, Nigeria, Crisis Management, Conflict Resolution INTRODUCTION ―Boko Haram‘s four-year-old insurgency has pitted neighbour against neighbour, cost more than 4,000 lives, displaced close to half a million, destroyed hundreds of schools and government buildings and devastated an already ravaged economy in the North East, one of Nigeria‘s poorest regions.