Financial Security and Peacebuilding in Nigeria: Challenges and Prospects

Abstract

The quest to be financially, emotionally, and psychologically secure against the
necessities of life; what to eat, drink, where to live, and the quest for a better life is one of
the major reasons why people unite or disunite for resources that cannot go around. The
struggle for these resources that cannot go around has resulted in some people being
better off to the detriment of others, while others are worse off. The activities of the have
not, including the unemployed and the poorest segment of the society are capable of
posing challenges to peacebuilding in a modern democratic society like Nigeria. It is on
the above premise that this study seeks to examine Financial Security and Peacebuilding
in Nigeria: Challenges and Prospects. The study employed a documentary research
method, using secondary sources of data. Thus, the study adopted content analysis as a
method of data analysis. The study employed needs theory as the theoretical framework
of analysis. The finding of this study reveals among others that financial insecurity like a
high rate of illiteracy, low standard of living/high mortality rate, and insecurity/violent
conflict pose challenges to peacebuilding in Nigeria. The study recommended among
others that the government at all levels in Nigeria should ensure that every Nigerian has
access to education, healthcare services and a decentralised security system. The
suggested solution will address financial insecurity like high rate of illiteracy, low
standard of living and high mortality that have posed challenges to peacebuilding.