Impact of kidnapping on economic security in Enugu State, Nigeria

Abstract

Kidnapping has become a pervasive and pernicious phenomenon in Enugu State, Nigeria,
with far-reaching consequences for economic security. This paper attempts to interrogate the
devastating impact of kidnapping on the economic security of Enugu State, highlighting the
effects on economic activity, investment, and human capital. The research employed a
descriptive research design which is a design that provides and explains what is common,
prevalent, or already exists in a population under study. The study adopted the Queer Ladder
Theory (QLT) as its theoretical base which credits the notion that organised crime such as
kidnapping thrives in contexts where the government’s capacity to dictate, sanction and deter
crime is poor, public corruption is endemic, and legitimate livelihood opportunities are slim.
It is in the opinion of this paper that kidnapping has led to a significant decline in economic
activity, as widespread fear and uncertainty discourage entrepreneurship, innovation, and
productivity. The resultant economic paralysis has culminated in reduced economic growth,
decreased revenue, and diminished economic security. Moreover, kidnapping has
discouraged investment in Enugu State, as both domestic and foreign direct investors are
deterred by the prevailing insecurity. This has deprived the state of much-needed capital,
hindering economic development and exacerbating poverty. Furthermore, kidnapping has
resulted in a brain drain, as talented individuals seek safer environments to pursue their
endeavors. This has depleted Enugu State's human capital, compromising its economic
potential and undermining its economic security. In conclusion, kidnapping poses a
significant threat to economic security in Enugu State, Nigeria. Efforts to address this menace
are imperative to restore economic stability, attract investment, and ensure the economic
well-being of the state's citizens. The paper recommends that enhanced security measures be
put in place, engage the communities more on security awareness, support MSMEs to boost
more business activities, promote tourism by creating attractions, and to diversify the
economy of Enugu State for more economic activities.