Terrorism in Nigeria is on the increase despite government counter-terrorism efforts and expenditure. This paper examines the impact of terrorism on economic growth and human capital development in Nigeria from 1981 – 2019. The Generalized Method of Moments (GMM) estimator was employed in analyzing the data. A negative and insignificant impact of terrorism on economic growth and human capital development was found. Internal and external conflict also had a negative and insignificant impact on economic growth and human capital development. Government expenditure as well had a negative and insignificant impact on economic growth and human capital development. Domestic investment had a positive and significant impact on economic growth, while its impact on human capital development was positive but insignificant. We, therefore, recommend establishing a bank of security to directly fund security in Nigeria. This can contribute to remedying the terrorism situation. Also, establishing a bank of security can serve as a channel where armed forces and other security personnel who died in service to the nation can be compensated. This will encourage the armed forces in the battle against terrorism.
Infrastructure development is the hub of economic diversification, for any nation to grow economically; it must be seriously dependent on its iron and steel development. The construction of the Ajaokuta iron and steel industry can be dated and traced to the year 1979 and as of 1994, the project was near completion with 98% of the project almost completed. As of 2018, the project is yet to be completed. The gap between 1979 through 1994 to 2018 gives the Nation a whole cause to worry thereby implying whether the delay in the work is due to the incompetency of the contractors in question or is it due to bad governance and suspected looting. This paper, therefore, applies the use of the popular Critical Path Method (CPM) in monitoring the progress of the yet-to-be-completed Ajaokuta project focusing on its possible network diagram, earliest and latest time of completion.
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