Growing insecurity in Nigeria in recent years has coincided with rising poverty levels as the country now has an estimated 91 million people (43% of its population) living in extreme poverty (less than $2 a day).
Over $40.6 billion worth of foreign investments were diverted from the Nigerian economy in 2020 alone as a result of insecurity. This is equivalent to 1.5 percent of global GDP.
Nigeria is currently grappling with security challenges ranging from farmer/herder clashes, cattle rustling, banditry,
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
