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Abstract
Worldwide, insecurity poses a big challenge to developed and developing nations, ironically, in the twenty first century; but developing nations has poverty to contend with in addition to insecurity. This paper examines insecurity and poverty challenges and implications on economic growth of Nigeria. The study was designed as ex-post factor research, using time series data sourced from official and government publications; spanning from 1999 to 2023 (4th Republic). The variables used for the study were sourced after adequate considerations of extant literature and objectives of the study. (Government expenditure on defense, education, health and inflow of foreign direct investment were the independent variables while Economic Growth is used as proxy for GDP - dependent variable). Among the findings are that insecurity/poverty has the potential of social dislocation, displacement of businesses, stagnation of business activities, and significant influence on Economic Growth and Economic Development of Nigeria; and concluded that national insecurity/poverty eradication must be of high consideration as business activities thrive in a secure environment, which ultimately ensures sustainable economic growth and development. We therefore recommend effective measures to be taken by the federal government to deescalate insecurity by first purging the armed forces of the so called repented Boko Haram members that were absorbed into our military. There is no point playing the Ostrich; since there were proven cases of insider leakage of planned military operations against Boko Haram. A synthesis of composite security management approach model and two-way approach model in addressing the ills of insecurity in ensuring Nigeria economic sustainability is equally recommended.
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