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Nigeria, the vastly populated country in Sub-Saharan Africa, was regarded as ‘The Giant of Africa’. An abundance of natural and human resources in the country had played a major role for establishing a steady socio-economic development in Nigeria particularly in the 1970s and 1980s. The export growth of petroleum industry had also stimulated the overall economic prosperity of the country during the same period. However, in recent years Nigeria had faced a severe social insecurity crisis especially due to the soaring number of ethno-religious clashes that took place within the country. Hundreds of people in various locations across Nigeria were victimised due to such disastrous communal riots. Kidnapping, threats, extra-judicial killings and economic and political assassinations had become the order of the day in Nigeria. The overall business growth and economic stability were largely halted because of socio-political and economic turbulence in recent times. Apart from that, different economic factors such as high inflation, rising unemployment rate, devaluation of domestic currency and acute poverty had also impeded the consistent flow of socio-economic progress in Nigeria. Government’s fiscal as well as monetary policies were found inappropriate for minimising the overall problem. Therefore, it remained to be seen how the government would solve the socio-economic insecurity crisis in Nigeria in the days to come.