IMPACT OF NAIRA REDESIGN IN CURBING BANDITRY IN NIGERIA

IMPACT OF NAIRA REDESIGN IN CURBING BANDITRY IN NIGERIA
 
ABSTRACT
Banditry is fast becoming alarming in Nigeria’s Fourth Republic to the extent that it poses a serious security threat not only to the Northwest region but to Nigeria at large. The level at which bandits operate within the landscape of Nigeria’s northwest has led to spree of kidnapping, maiming of people, loss of lives, population displacements, loss of cattle, disruption of socio-economic activities in general, and equally brought about an atmosphere of uncertainty, a situation that has become worrisome to the government and the citizenry. This study was intended to examine the impact of Naira redesign in curbing banditry in Nigeria. This study was guided by some objectives. The study employed the descriptive and explanatory design; questionnaires in addition to library research were applied in order to collect data. Primary and secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The study findings revealed that there is a significant impact of Naira redesign in curbing banditry in Nigeria.