Impact Of Terrorism On Nigeria Economic Development

This study assesses empirically effects of terrorism on the various sectors of the Nigeria economy with the real sector in view. In spite of government counter-terrorism expenditure and efforts, the incidence of terrorism in Nigeria appears to be rising. This paper examines the growth and fiscal consequences of terrorism in Nigeria by estimating the terrorism--macroeconomic relation using different measures of terror incidence. The results show that terrorism has an economically and statistically significant negative impact on growth; although this impact is considerably small and short-lived,…