The Effect of Boko Haram Terrorism on the Macroeconomy of Nigeria

Boko Haram an insurgency attendant in the Nigerian nation state has been a problem to the macro-economy of the country affecting most important sectors and contributors to the growth of the economy of Nigeria. In the latest Global Terrorism Index, GTI 2018, Nigeria is still among the top five countries mostly affected by terrorism, a position which it has maintained since year 2014. This work seeks to evaluate, highlight and pinpoint the implication of the menace on the nation. As it is glaring that terrorism is a global vice infesting countries worldwide and many nations are suffering from its infliction. However, it seems from various studies, works and researches particularly from scholars, academics and researchers that most countries that are terrorism-infested seem to have the same economic characteristics. Consequently, as the terror gathers momentum there is need to confront it as it is staring the world in the face and many economies are acutely suffering from terrorism-infliction. This rising phenomenon that was once an emerging paradigm has to be curbed and curtailed, hence the reason for many works and studies on the topical issue, same as this to find lasting solution.