Between July 2024 and June 2025, kidnappers in Nigeria demanded a staggering ₦48 billion in ransom. However, only ₦2.57 billion—about 5% of that figure—was paid to secure the release of abducted individuals.
Scope of the crisis: Over this period, 4,722 people were kidnapped across at least 997 incidents, resulting in 762 fatalities linked to these abduction cases.
Hotspots: The North West region remains the most violent zone, with Zamfara, Kaduna, and Katsina leading in abduction figures—Zamfara alone accounting for over 1,200 victims.
Industry dynamics: Kidnapping has evolved into a structured, profit-driven criminal industry. Consequently, ransom amounts have been pushed higher—in Naira—to counter the devaluation of Nigeria’s currency.
Economic impact: Despite the increase in Naira-denominated payments, their dollar equivalent has not risen proportionately. Ransom payment of ₦2.57 billion translates to only $1.66 million, underlining the shrinking purchasing power of the naira.
Warnings: Authorities and analysts warn that unless structural issues—like unease with law enforcement, poor socioeconomic conditions, and weak governance—are addressed, the abduction-for-ransom industry may deepen, heightening insecurity nationwide.
