Insecurity in Nigeria and Ensuing Consequences to Entrepreneurial Development

Abstract

In this study, insecurity in Nigeria and its consequences to entrepreneurial development were examined. For more than 10 years, the country has been subjected to security challenges that range from Boko Haram and their Islamic State West Africa Province (ISWAP) counterparts to unknown gunmen and bandits. Simultaneously, there has been an alarming increase in the national rates of unemployed youths and graduates. Furthermore, there has been a lack of basic development in infrastructure, such as electricity to enhance national industrialisation and entrepreneurial development to create employment opportunities, thus stifling attempts to spur the economic revival of the seventh most populated nation worldwide. This review of the major insecurity issues in Nigeria, is meant to enhance understanding of the socio-economic problems affecting Nigeria. The history of insecurity in Nigeria, its nature and origins, and the consequences are discussed with some solutions suggested to improve the current situation.