Legal Issues in combating the Scourge of Terrorism; its Impact on International Trade and Investment: Nigeria as a Case Study

Abstract

The world has become a global village. There is international economic interdependence driven by international trade and investments through globalisation. This has, now, made no nation to be self-sufficient any longer since each nation is involved, at different levels, in trade and investments to sell what it produces and to acquire what it lacks. In this regard, it suffices to state that Nigeria also has its fair share of international trade. This is concerning the fact that, through international trade and investments, the Nigerian economy has received tremendous transformation. However, this is now facing a serious threat from the menace of terrorism – both domestic and cross-border terrorism. It is in this regard that this study employs a hybrid method of research in ascertaining the prospect of international trade in Nigeria and the threat of terrorism.247 was sent to the respondent, and the data obtained was analysed through the analytical and descriptive methods. The study, therefore, found that international trade has greatly impacted the Nigerian economy. However, the recurrent incidence of terrorism is a threat to international trade. It was therefore concluded and recommended that to continue to foster international trade, the Nigerian government must through the instrument of the law and relevant means curtail the incidence of terrorism in Nigeria.

Keywords: Terrorism, International, Trade, Investments, Nigeria