Terrorism, Human Capital Development and Economic Growth in Nigeria
2021  //  DOI: 10.37385/ijedr.v2i2.259
Oluwaseun B. Alade, Ifeoma Mba, Ebikabowei Biedomo Aduku, Chika Anayochukwu Ameh

Metrics

  • Eye Icon 0 views
  • Download Icon 0 downloads
Metrics Icon 0 views  //  0 downloads
Terrorism, Human Capital Development and Economic Growth in Nigeria Image
Abstract

Terrorism in Nigeria is on the increase despite government counter-terrorism efforts and expenditure. This paper examines the impact of terrorism on economic growth and human capital development in Nigeria from 1981 ā€“ 2019. The Generalized Method of Moments (GMM) estimator was employed in analyzing the data. A negative and insignificant impact of terrorism on economic growth and human capital development was found. Internal and external conflict also had a negative and insignificant impact on economic growth and human capital development. Government expenditure as well had a negative and insignificant impact on economic growth and human capital development. Domestic investment had a positive and significant impact on economic growth, while its impact on human capital development was positive but insignificant. We, therefore, recommend establishing a bank of security to directly fund security in Nigeria. This can contribute to remedying the terrorism situation. Also, establishing a bank of security can serve as a channel where armed forces and other security personnel who died in service to the nation can be compensated. This will encourage the armed forces in the battle against terrorism.

Full text
Show more arrow
 

Metrics

  • Eye Icon 0 views
  • Download Icon 0 downloads
Metrics Icon 0 views  //  0 downloads