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EFFECTS OF DRUG ABUSE ON THE NIGERIAN ECONOMY
ABSTRACT
The study examined the impact of drug abuse on the Nigerian economy. The objective of the study was to identify the causes, solution and the effects of drug abuse on the Nigerian economy, which are classified into social and economic effects. Drug abuse has been of major concern to the government, the academia, and the society at large. This has actually constituted a great effect on the socioeconomic development of individuals, family, the community and the nation. The economic effect looks at the loss of potential manpower, low productivity, and creation of an unfavorable environment for investors which of course will affect the Gross National Income as well as the internally generated revenue. Government is spending a lot of funds on security and settlement of IDPs created by insurgent as a result of drug abuse instead of using such funds to provide basic needs and infrastructural development, Its tarnish the image of the country, encourage corruption, encourage looters to loot public funds and cause’s political unrest in the country. “Change begins with me” is the focal point here as it breeds a change in the family, community, society, and the entire body polity. This is done via a collaborative efforts of the government to employ more personnel and equipments (gadgets) to NDLEA and NAFDAC, non-governmental organizations to provide support, community based associations to form committee as well as educational institutions to organize workshop and seminars
Keywords: Socio-economic effects; Drug abuse; NAFDAC, NDLEA, Government, Gross National Income