Benue State University, Makurdi

Kidnapping and Banditry in Northwest Nigeria: Implications for Foreign Direct Investment

Chibuzor Jude Obi, Otohinoyi Samuel & Oboromeni Weinoh

Abstract

Statistics have shown that Kidnapping and banditry are on the increase in Nigeria for the period under study. The circumstances not only force citizens to avoid traveling by road and living in fear at home but pose fear to investors in Nigeria's economic environment. Data generated from reputable media indicated that as the situation increases, kidnapping and banditry appear to constitute almost a number one challenge to the Nigerian government, as the GDP of the nation continues to decline through the incessant closure of companies in some affected regions. The menace has attracted scholars from different walks of life on the most effective antidote for eradicating insecurity such as kidnapping and banditry in the nation. This informs the interest in this study. Thus, the assessment of kidnapping and banditry in the northwest Nigeria and its implications on Nigeria's foreign direct investment. The study is from 2015 to 2022. This is the period in Nigeria as a nation witnessed incessant insecurity and its deleterious effects on the economy. The study utilized qualitative research design to unearth the masquerading areas in the study. This was achieved through the use of secondary sources. Useful documents from NGOs' sites, Newspaper, journals, the internets and the NBS were utilized accordingly. The study concludes that the present poor GDP growth rate in Nigeria can be attributed to the incessant insecurity in Nigeria, such as kidnapping and banditry as this will continue to discourage foreigners from investing in the country. The study recommended among others that responsible authorities should fight insecurity with a mindset of sincerity.

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