n African Renaissance - Political economy of war and violence : the Boko Haram in the Lake Chad basin

Volume 13, Issue 1-2
  • ISSN : 1744-2532
  • E-ISSN: 2516-5305


This paper focuses on economics of the Boko Haram violence on Africa's most populous black nation, Nigeria. While it adds to the corpus of the literature on the insurgency, its point of departure is that it looks beyond the analyses that view the crisis essentially in a non-materialistic religious terms to perspectives that focus on the underlying economic factors driving the insurgency. In this context, the paper does not necessarily dwell on the socio-economic factors that provide the army of socially-disadvantaged northern youths from which Boko Haram recruits its foot soldiers. The paper focuses on the economics of the area in which the violence occurs and argues that beyond the façade of Boko Haram's religious posturing, a robust underground economy and profiteering, including the prospect of an oil economy around the Lake Chad Basin area, have sustained the violence and have the potential to prolong the crisis.

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