What is the effect of boko haram in nigeria economy?

Answer 1

it is noted for its tourism potentials which have contributed to the national economy.
However, the once thriving tourism destination that was an attraction for local and international tourists is now history as the spate of violence in the state which hitherto prides it as the ‘Home of Peace and tourism’ seems to have been robbed off of its glory in the tourism industry.

Today, Jos is a no go area for tourists as destination marketers and tour operators take their clients to destinations with relative peace.

Only hotels are recording slightly above 20 per cent occupancy rate. Some are said to have closed down while the Jos Museums, Jos Wildlife and Amusement Park no longer witness visitors trooping there again.

The impact on hospitality is so much that investors in the industry are looking elsewhere, especially at neighbouring places like Abuja since tourism does not thrive in an environment characterised by insecurity and violence.

Apart from the ethno religious violence, the city has had its share of the Boko Haram bombings. Many people have closed up their businesses and left the city.

Social and economic activities are on the lowest ebb as a result of the security situation.

Like Jos, Kaduna the former capital of the defunct Northern region has not fared better as business activities in the city continued to nose dive as a result of the increasing level of insecurity in state.

As a result of the prevailing level of insecurity, many businesses, especially beer parlour operators, night clubs and other places of relaxation are gradually folding up as their owners count their losses.

Worst hit are those located in the northern part of the city, such as the elitist NAF club, owned by the Nigerian Airforce , along Rabbah Road, which used to be a beehive of activities.

Many residents live in perpetual fear of the unknown as the Boko Haram sect continuous to attack the city as they restrict their business activities to areas where they feel safe.

Worst hit is the hospitality business in the city. Many hoteliers are counting their losses as a result of lack of patronage. Many people who come into town for any engagement prefer to go to stay in Abuja rather than stay the night in Kaduna.