Insecurity: Nigerians spent N2.2 trillion on ransom within a year.

The National Bureau of Statistics has reported that Nigerians paid a staggering total of N2.2 trillion in ransom between May 2023 and April 2024 due to the worsening insecurity in the country.

This information was revealed in the NBS’s Crime Experience and Security Perception Survey report, which indicated that households affected by kidnapping incidents bore the brunt of these payments.

The report outlined that there were approximately 51.89 million recorded crime incidents in Nigerian households during the reference period.

The North-West region had the highest number of incidents, with 14.4 million cases reported, followed by the North-Central region with 8.8 million incidents. In contrast, the South-East region reported the lowest crime rate, with 6.18 million incidents.

The survey also revealed that rural areas experienced higher crime rates compared to urban areas, with 26.53 million crime incidents in rural households and 25.36 million in urban areas. Kidnapping was highlighted as a significant concern, with 4.14 million households experiencing home robbery.

The report emphasized that the average ransom paid was N2,670,693, totaling an estimated N2,231,772,563,507 paid within the reference period.


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