HomeSocietyNigeria Faces Escalating Kidnapping Crisis Due to Poverty

Nigeria Faces Escalating Kidnapping Crisis Due to Poverty

Published on


KEY POINTS


  • Over 3,500 kidnappings were reported in Nigeria in 2021, largely driven by terrorist groups.
  • Food prices surged as farmers in Northern Nigeria abandoned fields due to insecurity.
  • Despite government efforts, public frustration grows as kidnappings persist across the country.

A report by SBM Intelligence also revealed that between July 2022 and June 2023, 3,620 people were abducted in 582 kidnap-related incidents in Nigeria and at least N5 billion ($3 million) were reported as ransom demands. Verified ransom pay-outs amounted to N302 million ($183,000). However, this figure could be higher due to underreporting.

Economic and social impact

nsecurity has caused the closure of 11,536 schools in Nigeria since Dec 2020

Government response and public sentiment

The strategies that have been deployed by the Nigerian government to address the growing incidents of kidnapping have been criticized.

The government needs to address the underlying cause of this issue, such as poverty, unemployment and a lack of developed minds. If these are not resolved, every effort would just be as though one is pouring water in a basket.

Latest articles

Seplat Revenue Jumps 144 Percent to $2.73 Billion

Seplat Energy 2025 revenue surged 144% to $2.73 billion as offshore assets boosted production and dividends rose 52 percent.

Diaspora Group Warns Over Alleged Threats to Peter Obi

COPDEM diaspora Peter Obi warning highlights alleged security threats and urges investigation to safeguard Nigeria’s democratic stability.

BUA Cement Triples 2025 Profit to N356 Billion, Lifts Dividend

BUA Cement 2025 profit triples to N356 billion as revenue surpasses N1.179 trillion and board lifts dividend to N10 per share.

Court Confirms PDP Convention in Ibadan is Valid

KEY POINTS A court in Ibadan ruled that the PDP’s November 2025 convention was...

More like this

Seplat Revenue Jumps 144 Percent to $2.73 Billion

Seplat Energy 2025 revenue surged 144% to $2.73 billion as offshore assets boosted production and dividends rose 52 percent.

Diaspora Group Warns Over Alleged Threats to Peter Obi

COPDEM diaspora Peter Obi warning highlights alleged security threats and urges investigation to safeguard Nigeria’s democratic stability.

BUA Cement Triples 2025 Profit to N356 Billion, Lifts Dividend

BUA Cement 2025 profit triples to N356 billion as revenue surpasses N1.179 trillion and board lifts dividend to N10 per share.