Nigeria spent over $139m to cushion economic impact of violence, ranks low in Global Peace Index

Nigeria is ranked 146 among 163 Countries in the Global Peace Index (GPI) for 2021.

The country also ranked 39th in Africa, just 5 places away from South Sudan, which is the least peaceful country in sub-Saharan Africa and one of the least peaceful countries in the world due to high incidence of internal conflict.

Nigeria finished with 2.712 points globally and -0.068points in Africa, pushing it very low on the GPI Charts, though reports reveals that the country moved a step up from 2020’s results.

The GPI of independent states and territories are measured according to their level of peacefulness, grading countries by levels of Societal Safety and Security, the extent of on-going domestic and international conflict, and the degree of militarisation.

It covers 99.7% of the world’s population, using 23 qualitative and quantitative indicators from highly respected sources. These indicators include political instability, terrorism impact, incarceration rates & perception of criminality, homicide rates, violent demonstrations, intensity of internal conflict , among others.

According to the report, the economic cost of violence in Nigeria is 675.4 per capita impact; implying that the country spent over $139,227,100 to cushion the economic impact of violence alone in the period under review. Nigeria recorded the largest increase in its economic impact in 2020, by $40.6 billion when compared to 2019.

Globally, the economic impact of violence increased to $14.96 trillion- equivalent to 11.6% of the world’s GDP or $1,942 per person, due to increased military spending.

Overall, Iceland remains the most peaceful country in the world, and Afghanistan the least peaceful.

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