The Menace of Fulani Herdsmen Attack and Its Effects on the Socio-Economic Development of Nigeria
7 Pages Posted: 6 Nov 2019
Date Written: October 27, 2019
This article looks into Fulani herdsmen attack and its effects on the socio-economic and national development in Nigeria. The activities of this group has caused loss of lives, properties and created the sense of fear and insecurity among the Nigerian populace.
Insecurity exerts a heavy toll on national economies. It is inevitable that the economic impact of the activities of herdsmen would be more felt in unsophisticated mono-cultural low-income economies than they would be felt in highly advanced, diversified industrial economies. Therefore, the continued rise in the attack by Fulani herdsmen in the country, if not quickly checked, may result in greater investor apathy for the country and resulting in low inflow of Foreign Direct Investment (FDI), and would make institutional investors look for other stable economies to invest their money. On the state of the country, when people feel insecure, their appetite to invest, to buy or rent from the product of investment reduces; and that is why all over the world, any country that radiates an environment of insecurity naturally repels investment initiatives from both the international community and its own local investors.
Hence, the activities of herdsmen is a threat to the economic, political and social security of a nation and a major factor associated with underdevelopment; because it discourages both local and foreign investments, reduces the quality of life, destroys human and social capital, damages relationship between citizens and the states, thus undermining democracy, rule of law and the ability of the country to promote development.
Keywords: Economic, Terrorism, Fulani
JEL Classification: K
Suggested Citation: Suggested Citation