Boko Haram and the future of Nigeria

... cannot afford. In addition, the future government may be pressured by neighbouring states to increase its defense budget, which is currently set at approximately 1% of GDP (i.e. USD 6 billion out of an annual GDP of more than USD 500 billion) ( 1 , 2 ). Boko Haram has already forced the Nigerian government to postpone the presidential elections to March 28, 2015. This comes at a time when Nigeria’s state budget is struggling with declining oil prices, which provides the 80% of the GDP. Over the past three months, Nigeria’s currency has lost 10% of its value, while central ...