Insecurity Threatens Nigeria’s Economy


Nigeria’s new found status as Africa’s biggest economy and its potential for increased investment is increasingly being threatened by insecurity incidents. On Monday Suspected Boko Haram terrorists detonated a huge bomb in a crowded bus station in the country’s capital Abuja, killing over 70 people and injuring 140 others. Economists now warn that Nigeria’s insecurity could keep long term investors away. Nigeria will be hosting the World Economic Forum on May and the government has already redouble security around the capital city and says it is prepared to host the event. But beyond the event, there are fears the economy could take a big hit over the deteriorating security situation.


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