ABSTRACT
Since the evolution of Boko Haram in Nigeria, the security of people is endangered by poverty, hunger, unemployment, health hazards, ecological degradation, food security challenges, increased, interrupted development activities, frightened off investors, and generated concerns among Nigeria's neighbors. There is a growing underdevelopment in the region, economic investment by local investors, FDIs, public and private organisa tions have been threatened, Infrastructural decay leading to economic backwardness of the region. Insurgency is a big economic casualty in Borno State and has continued to have negative effect on the economy of Nigeria. Insurgents harm economies by reducing consumer and investor confidence, scores of businessmen from other parts of Nigeria especially those from the southern parts or Christians have relocated from these areas to other parts of the country, their exit have affected local economy of the areas. In addition banking, transportation and telecommunication are some of the most affected with business owner suspending operations because of the inability to provide security for their employees and investment and to avoid further loses affecting livelihood and the development of critical infrastructure. The effect of insurgency on Borno and other affected state has continue to have disturbing effect on government budget, tilting more towards state security than human security. An assessment of federal budget report shows an upward review of the defence allocation, twenty per cent of the country‟s total budget was allocated to security in 2012,1 it also gulped N921.91 billion 28 of the N4.75 trillion budgeted for the year”. Even in 2013, “the trend continued, as the allocation to defence hit N668.54 billion”.
