Boko Haram and the future of Nigeria

... 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 ...