Nigeria's new status as Africa’s largest economy puts the spotlight on Nigeria as a key engine for regional progress. The photogallery assesses the relationship between the economy and security in Nigeria, and assesses how this impacts security in Africa as well.
Online PR News – 11-April-2014 – London – The latest photogallery on the Nigerian economy from Think Security Africa, profiles Nigeria’s economy and assesses the inter-relationship between economic issues and security in Nigeria. Furthermore, Nigeria’s status as the leading economy in Africa highlights the role that Nigeria will play in boosting economic and social security in Africa. The photogallery assesses key economic data provided by UNCTAD relating to Nigeria, and explains that the Nigerian economy continues to be the single largest recipient of Foreign Direct Investment in Africa, and in 2011 it was the economy yielding the fourth highest return on FDI globally.
Despite this good news, the vast majority of Nigerians are still waiting to benefit from the profitability of Nigeria’s economy. For this reason economic issues pose a key challenge for security in Nigeria. In 2013 Nigeria was ranked 153 (out of 186) on the UNDP’s Human Development Index. The photogallery looks at the day-to-day impact of infrastructure challenges for the majority of Nigerians, focusing on challenges with electricity and basic infrastructure. It also explains how the Nigerian government is responding to these challenges.
"There is no definitive way to establish the relationship between security and development, however it is not possible to ignore the fact that the most persistent threats to security in Nigeria are occurring in the least developed regions of the country," says Adunola Abiola, founder of Think Security Africa.
Nigeria’s terrorism challenges have become regionalized, for this reason translating economic power into national development is not only important for security in Nigeria, it is also important for security in Africa as a whole.
The gallery can be viewed at: http://www.thinksecurityafrica.org/galleries/nigeria-africas-economic-powerhouse.
Think Security Africa (TSA) is an independent think tank specializing in security in Africa. The core mission of TSA is to improve understanding of security in Africa, and engage in objective research into the causes and potential solutions to insecurity across Africa. TSA’s resources are used by governments, inter-governmental organizations, journalists and business to assist with their Africa-focused missions.