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All Journal International Journal of Economics Development Research (IJEDR)
Oluwaseun B Alade
University of Nigeria
Economics, Econometrics & Finance Social Sciences

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Terrorism, Human Capital Development and Economic growth in Nigeria Oluwaseun B Alade; Ifeoma MBA; Ebikabowei Biedomo Aduku; Chika Anayochukwu Ameh
International Journal of Economics Development Research (IJEDR) Vol. 2 No. 2 (2021): International Journal of Economics Development Research
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v2i2.259

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 – 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.
Co-Authors Chika Anayochukwu Ameh Ebikabowei Biedomo Aduku Ifeoma MBA