Causality Relationship between Security Challenges and Investment Potential Growth In Nigeria, 1980 to 2024

Abstract

This study examined causality relationship between
security challenges and investment growth in eight
African countries for the period (1980- 2024). The study
considered two objectives, to; investigate the direction of
causality relationship between security challenges and
investment potential growth in Nigeria, determine the
effect of security challenges on investment potential
growth in Nigeria. Secondary time series data were used
to carry out the empirical analysis. The study employed
Pair wise Granger Causality Tests, Augmented DickeyFuller (ADF), Phillips- Perron tests, Co-integration Test.
Based on the above econometric and statistical analyses
conducted, it was indicated directional or partial causal
relationship between security challenges and investment
potential growth in Nigeria. It was also observed that
security challenges have significant effect on investment
potential growth in Nigeria. Based on these findings, the
researcher recommends that; Nigeria government should
invest on security through security literacy program as a
national strategy for combating insecurity. Government
should upgrade more modern internet security
infrastructural facilities in partnership with
telecommunication companies and other related service
providers. Government security authority should build up
trust in securities service by fortification of security
institutions operating in Nigeria.