Poverty and Security Situation in Nigeria

USIFOH Kingsley Stanley; Assoc. Prof Michael Baghebo

doi:10.56201/ijefm.v9.no5.2024.pg97.120

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Poverty and Security Situation in Nigeria

USIFOH Kingsley Stanley and Assoc. Prof Michael Baghebo

Abstract

The widespread issue of poverty and security in Nigeria has become overwhelming for both the government and the citizens. This challenging situation has worsened the conditions of individuals living in abundance, significantly impacting the nation's progress. This study explored the relationship between poverty and security conditions in Nigeria. Specifically, it examined how the poverty rate, political stability index, unemployment rate, and inflation rate correlate with the security risks index in Nigeria from 1991 to 2022. The research employed the Augmented Dickey- Fuller (ADF) tests, the Autoregressive Distributed Lag (ARDL) technique, as well as stability and diagnostic tests due to the nature of the variables used for estimation. The findings revealed that the poverty rate has a negative but significant correlation with the security threats index. Similarly, the political stability index shows a negative but insignificant correlation with the security threats index. Additionally, there is a strong and clear correlation between the inflation rate and the security risks index in Nigeria. Conversely, the unemployment rate coefficient shows a positive and significant correlation with the threats index in Nigeria. Therefore, it is essential for the government to enhance physical security measures nationwide by implementing robust security infrastructure and enforcing stringent punishments for those who violate security protocols. This underscores the need for the government to take proactive measures to address security challenges and threats. These strategies should include providing training, utilizing modern intelligence gathering techniques, sharing intelligence, managing logistics, and deploying contemporary technologies to effectively address security issues.

Keywords

Poverty ratesecurity threats indexpolitical stability indexunemployment rate

References

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Poverty and Security Situation in Nigeria

Abstract

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