Would the Worsening Poverty Increase Insecurity in Nigeria?

Third World nations in general, particularly Africa, which includes Nigeria, struggle greatly with poverty. Many individuals in Nigeria live in poverty due to the country’s poor economic performance and other socio-political issues such as corruption, bad governance, prebendal politics, etc. Insecurity and poverty are Nigeria’s most pressing two main development challenges. Although reducing poverty in the country emerges as every government’s top priority, considerable efforts to make it work remain undone. Consequently, many parts of the country are plagued by insecurity rooted in political, strategic, and socio-economic motives. For instance, economic challenges tied to insecurity are exacerbated by high unemployment, low production, high cost of doing business, poor infrastructures, inconsistent economic policies, corruption and inept public sector governance.

This edition of Nextier SPD Policy Weekly interrogates the economic reforms from the lens of worsening poverty and its effect on increasing insecurity in Nigeria.

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