HomeNewsNigerians Paid N2.2 Trillion in Ransom Amid Escalating Insecurity, NBS Report Reveals

Nigerians Paid N2.2 Trillion in Ransom Amid Escalating Insecurity, NBS Report Reveals

The National Bureau of Statistics (NBS) has revealed that Nigerians paid a staggering N2.2 trillion as ransom between May 2023 and April 2024, amid the worsening insecurity and growing threat of criminal activities across the country. The data was released in the NBS’s latest Crime Experience and Security Perception Survey report, shedding light on the devastating impact of kidnapping and other criminal activities on households.

 

The report indicated that this massive sum was paid by households affected by incidents of kidnapping, underscoring the significant financial burden imposed on Nigerians due to the escalating crisis. The survey highlights the growing menace of kidnapping and related crimes, which have become major sources of fear and insecurity in the country.

 

According to the survey findings, an estimated 51.89 million crime incidents were recorded across Nigerian households during the reference period, reflecting the widespread nature of criminal activities. These incidents varied in severity, with kidnapping being one of the most alarming crimes affecting households nationwide.

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The North-West region led the nation in reported crime incidents, with a total of 14.4 million cases. This was followed by the North-Central region, which reported 8.8 million crime incidents. In contrast, the South-East region reported the fewest incidents, with 6.18 million cases, highlighting the regional disparities in crime prevalence across the country.

 

The survey also revealed a significant difference between rural and urban areas when it comes to crime. Rural households were found to be more affected by crime than urban households, with 26.53 million crime incidents reported in rural areas compared to 25.36 million incidents in urban areas. This indicates that rural communities are disproportionately impacted by the ongoing insecurity in the country.

 

Kidnapping continues to be one of the most severe crimes in Nigeria, with 4.14 million households reported to have been affected by home robberies and kidnappings. The NBS report revealed that the average amount paid as ransom for kidnapped victims was N2,670,693, resulting in an estimated total ransom of N2.23 trillion paid by Nigerian households during the reference period.

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The alarming figures point to the rising financial strain imposed on Nigerian families due to the pervasive threat of kidnapping. The total ransom amount, N2,231,772,563,507, paints a disturbing picture of how criminal gangs have exploited the insecurity crisis to extort huge sums from their victims.

 

This growing trend of insecurity has raised serious concerns among Nigerians and policy-makers alike, with calls for more effective measures to tackle kidnapping and related crimes. The government’s inability to fully curb the activities of criminal gangs has contributed to the escalating crisis, which has left many Nigerians living in constant fear for their safety and that of their loved ones.

 

Despite the challenges posed by insecurity, the NBS report serves as a reminder of the urgent need for comprehensive security reforms in Nigeria. The staggering ransom payments, along with the widespread prevalence of crime, underscore the gravity of the situation and the necessity for coordinated efforts between government agencies, security forces, and communities to restore safety and security across the country.

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