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THE EFFECT OF KIDNAPPING IN NIGERIA: AN EMERGING SOCIAL CRIME AND THE IMPLICATIONS FOR THE LABOUR MARKET
Abstract
The significant impact of kidnapping and other associated crimes is becoming worrisome and perplexing not only to Nigerians but to the international community. This has heightened the fear of foreigners, especially international investors; thereby threatening the foundation of economic development. The overall implication has worsened the labour market situation resulting to thousands of unemployment and displacement of the workforce from the affected areas. This study takes a critical look on this new wave of crime and relative impact on the Nigerian labour market. This study indicates that the current wave of kidnapping has aggravated massive unemployment, worsening the already faulty labour market situation, and creating unfriendly environment for economic development. Recommendations were made on how this wave of crime should be tackled and labour market expanded to accommodate these restive youths who are major the culprits in this crime.
Key Words: Kidnapping, Employment, Economic Growth, Labour Market, Crime, and Security.