Abstract
Insecurity and terrorism has been a major dare to the Nigerian government in recent times. The actions and activities of the Islamic sect known as Boko Haram had led to enormous loss of lives and properties in the country, particularly in the Northern part of Nigeria. Some of these activities include intimidation, bombings, suicide attacks, sporadic gunfire of unarmed, blameless and innocent Nigerian citizens, burning of police stations and churches, kidnapping, raping of school girls and women. Nigeria has also been included amongst one of the terrorist countries of the world. This has serious implications for national development. Though government had made worried hard work to deal with these challenges masqueraded by terrorism and insecurity in the country but the rate of insurgency and insecurity is still disturbing. This study therefore, investigated the effects of Boko Haram’s insecurity on Nigeria’s economy. Data used for this study was sourced from questionnaire, using simple percentage and tables. The result showed that the Boko Haram disaster poses a significant threat to Nigeria’s economy and that the military is the best option and solution in tackling the Boko Haram menace in Nigeria. The study recommended the following; government should declare war on terrorism and seek support from international communities who have in the time past faced this kind on challenged and were capable to tackle it. Nigerian Military ought to be empowered further with arms to wrestle this insurgency. The government is advised to beef up security in the country to curb the threat of insecurity.
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