Effects of Boko Haram Insurgence on Trade and Production in Kano (2012-2016)

Abstract

Boko Haram has been terrorizing Nigeria for close to two decades. Its history of violence dates back to December 24, 2003. The crisis was first witnessed in Kano in January 2012, which came along with negative consequences on the economy. The insurgence affected production of manufacturing items generally and trade in particular. Fundamentally this article examined the effects of Boko Haram insurgence on trade and production in Kano from 2012 to 2020. The study discussed how the attacks in markets, motor parks and communities outside Kano that constitute the clientele of businesses in Kano massively affect the economy. The study used qualitative design to provide better understanding of the research problem. Data was drawn from multiple sources including articles from referred journals, books and chapters from referred books, newspapers, magazines and in-depth interviews. The findings indicated that the challenges that have basically surfaced include growing rate of unemployment, loss of revenue, and low industrial production among many others. Several local wholesalers and traders in business are sent packing out of the market as a result of a huge loss that is caused by the massive reduction in price, coming as a result of insecurity. The attack on Kano and trading communities around the Lake Chad area significantly threatens the 500 years old commercial centre of the Western Sudan and the foundation of economic wellbeing of the northern region. Also affected is the multi-billion naira Kano Kantin Kwari textile market reputed to be one of the biggest textile market in Sub-Sahara Africa. The January 20, 2012, Boko Haram multiple bombs explosion in the Kano metropolis marked the beginning of precarious condition of doing business in the boisterous Kano business space. It also experienced decline in business activities. All sectors of the economy were affected. The state known as the ‘centre of commerce’ was at its lowest ebb. Traders complained of low sales and manufacturers cut down on their expenses to adjust to the situation. This article can be used by policymakers and development strategist in developing workable measures to arrest the ranging insecurity in the country for trade and production to prosper in Kano and the country generally.