Strengthening an integrated risk management approach to counter terrorism: Incorporating security, game theory, and economic diversification

Abstract

This paper looks at the in-depth investigation into improving risk management tactics against terrorism using a multifaceted strategy that incorporates security measures, game theory concepts, and economic diversity. The goal of the study is to provide a comprehensive and strong framework that tackles both immediate security issues and long-term viable counterterrorism strategies in Nigeria. To find vulnerabilities and anticipate future threats, the integration of security measures include improving intelligence collecting, international cooperation, and border restrictions. By incorporating game theory ideas, it is possible to analyse the tactical exchanges between security forces and terrorists, providing insights into how the opposition makes decisions and allowing for the deployment of preventive measures. The use of the two-person zero sum game, the prisoner’s dilemma which depicts the Nash Equilibrium named after the Nobel Laureate economist John Nash were used in explaining how the various terrorists attack can be curbed. Different strategies were also applied so as to enable one understand how the terrorists think, possibly attack their victims and also how their network works. The study discovered that the terrorists attack mainly the communities that produce agricultural products in commercial quantities which affects the agricultural economic diversification. The study also highlights the importance of economic diversification as a key element in mitigating terrorism's underlying causes. By encouraging economic expansion and development in fragile and volatile areas, this study also promotes economic growth, discouraging the extremist ideologies and strengthening local communities in Nigeria as a whole.