The impact of cyber-crime and violent extremism on socio-economic development in Nigeria

Cybercrime and violent extremism have not only become mutually reinforcing, in recent times, but also fast growing, multidimensional and easily joined by the youth for lack of socio-economic opportunities to break out of poverty and overcome family and peer pressures. Research findings have proven that to ‘get-rich-quick’ through cyber-criminalities influences performance of human blood and body parts rituals, which translates to violent extremism. The youth who make money through these inhuman practices that negate acceptable societal values believe that education, apprenticeship, human capital development and decent work are a dysfunctional social-orientation. Careful observations have shown that when the youth acquire illicit money, the result is excessive clubbing, frivolous spending, promotion of prostitution, substance abuse, which undermine effective youth engagement in socio-economic development. The youth bulge theory was adopted in the study. The theory postulates that large youth population can become a “demographic dividend” when their potentials are properly harnessed, and it can also become a “demographic bomb” in the face of systemic socio-economic exclusion, unemployment, hunger and family poverty. The methodology applied was content analysis, leveraging empirical studies in Nigerian context and other sources of data. The paper revealed that youth unemployment, systemic corruption, absence of transparency in the administration of poverty alleviation interventions and limited opportunities are manifestations of youth exclusion from decision-making process and they are key factors influencing youth participation in cybercrime and violent extremism. The paper recommended practical youth-specific engagement strategies in socio-economic development as a means to discouraging cybercrime and its associated extreme practices.