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Insecurity: Threat To Sub-Saharan Africa Economy

Conflict and disease outbreaks such as HIV/AIDS, SARS, avian flu, and Ebola virus, alongside other issues like environmental degradation, terrorism, and banditry, are not overstated insecurities that challenge Sub-Saharan Africa. International bodies and government efforts to tackle these threats have had little effect for decades. Living in most parts of Africa is an unending episode of unresolved hardship and instability.


 


Protecting a nation, society, and community from danger and attack is essential for growth, development, and survival. CHS explains the concept of human security as protecting all human lives in ways that enhance human freedoms and human fulfillment. Yet, the World Bank claims that 22 of the 48 countries in Sub-Saharan Africa are conflict-afflicted with a projected forecast of decreased economic growth in 2023.


 


The spate of insecurity in Sub-Saharan Africa is a matter of utmost concern that needs to be studied, understood, and addressed to help the population of 1.1 billion people living under a persisting threat to their lives and properties. 


 


The government's failure to tackle insecurity is a function of its inability to meet the developmental needs of the people. As a result, political rivalry, religious bigotry, and ethnic hatred are unacceptably increasing.


 


In the world, as well as in history, no nation can experience growth and development without a relative level of security. Growth and development are luxuries in a society where people's lives are jeopardized because more effort is put into combating the threat of insecurity.


 


However, the effect of insecurity is felt on different grounds—individually, collectively, and societally. Following are the recognized results and the economic implications of insecurity in the region:


 


Foreign Investment: Insecurity is a threat to business activities. In lieu of this, investment in Sub-Saharan Africa is unattractive to a prospective investor who could build facilities, create employment, and increase the region’s productivity. For example, militants in the south, Boko Haram in the north, and kidnapping activities in the southeast of Nigeria increase business costs through the unavoidable loss of goods and facilities. Precautions against risk and loss come with a financial burden that discourages investors.


 


As noted by Femi Ibirogba, there is an increasing concern about a possible scarcity of food and hunger in Nigeria after being named among the four hungriest countries in the world by the World Food Programme (WFP) in August 2022. Included in the list are Ethiopia, South Sudan, and Yemen. The destructive activities of marauding herders, bandits, and terrorists that thwart farming activities caused this.


 


Unemployment: Insecurity results in industries and companies moving from unsafe to safe havens. This leads to massive layoffs, adding to the explosive figure of the unemployed labor force, which adds pressure on the limited available resources. Also, unemployment opens the door to social vices like robbery, gangsterism, and kidnapping.


 


Corruption and poverty: Corruption and poverty are twin diseases that plague Sub-Saharan Africa's economy. Ravallion and Chen in the World Bank Economic Review pointed out that high corruption leads to increased poverty. This is clear in the data released by the World Population Review listing countries from the region as the poorest countries in Africa.


 


Insecurity stands in the way of economic growth and development in the countries of Sub-Saharan Africa, and efforts must be made through effective and visionary leadership to use public offices, not as a means of personal aggrandizement but to serve and secure the lives and properties of their people.


 


 


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Tags: #Economy #unemployment #Corruption #Africa #Sub-Saharan #Insecurity



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