The Nigerian Economy, Commerce and Terrorism: Any Hope for Nigeria’s Citizens?
The effects of terrorism on economic growth and development have significance consequences on commercial activities and the security of the economy. The consequences of terrorism are disastrous for the people of a nation, both rich and poor. The normal social life gets totally disturbed and many innocent lives are lost. The productivity of people is miserably stalled as the commercial activities distorted and the prices of products surge, as well as the dream of living a life of happiness and peace is shattered. Economic and social development of the society cease to uncertain. In fact, terrorism not only weakens the established political authority but also brings about political instability. Hence, terrorism represents a challenge not just to the bases of civilized society, but also to the very foundations of the world order because it destroys the will of a civilized society to defend itself. As a matter of fact, terrorism is a war against civilization. Therefore, we recommended that Nigeria governments should intensify effort to enhance law enforcement agents to be more vigilance along borders, depriving the terrorists of their profits, concluding international agreements to facilitate co-operation and co-ordination in law enforcement and more importantly, political will and commitment. The paper suggests that all the Nigerians’ citizens must form a common front to fight terrorism. Finally, for terrorism not to remain a menace, the people who are driven by fanaticism, paranoia and extremism should not be allowed to exist for poverty, strife, injustice and oppression to be eradicated.
Keywords: Terrorism, Security, Poverty, Commerce, Economic Growth and Development.