National security, macroeconomic stability, monetary policy, geopolitical volatility, Nigeria, development policy, governance reform
Abstract
Nigeria confronts a dual crisis: escalating domestic insecurity and intensifying global geopolitical volatility. Rising insecurity undermines productive capacity, diverts fiscal resources, and erodes investor confidence, whilst external shocks—including policy pronouncements from major economies and geopolitical tensions—threaten capital flows, foreign exchange reserves, and macroeconomic stability. This article examines the economic and developmental implications of these intertwined pressures, evaluates their impact on monetary policy effectiveness and financial sector resilience, and presents actionable policy recommendations to strengthen governance, restore stability, and safeguard Nigeria's long-term development trajectory. The analysis emphasises the urgent need for coordinated fiscal and monetary responses, institutional reforms, and strategic repositioning in an increasingly uncertain global environment.
Author Bio
Suleiman Usman Yusuf is a development practitioner, policy analyst, and governance specialist with over a decade of experience working across security, development finance, institutional strengthening, and public sector reform in Nigeria. He holds a Bachelor’s degree in Sociology and a Master’s degree in Peace, Conflict and Strategic Studies. Suleiman is the Chief Executive Officer of Bold Age Consult and co-founder of STRADA Development Initiative, where development research, cross-border cooperation, and programme innovation are central to the organisation’s mission.
He is a Chartered Project Manager, certified Business Development Service Provider, researcher, accredited Management Trainer, and an Associate Member of the Global Institute of Project Management. Suleiman was selected as part of the first Africa-wide cohort of the AI Policy and Governance Fellowship, joining participants from twenty-two African countries to advance knowledge on artificial intelligence governance, digital policy, and emerging technology regulation.
His professional engagements include advisory work with the United Nations Development Programme, CLEEN Foundation, and Management Strategies for Africa, Office of the National Security Adviser (ONSA), ActionAid Nigeria, alongside contributions to the establishment of several philanthropic and development foundations in Nigeria. His expertise spans programme design, MEL systems, security sector governance, and the political economy of development. Suleiman’s research interests focus on the intersection of security, governance, technology, and socio-economic transformation, with a strong commitment to producing evidence-based policy insights for West African development.
Publication Title
Bullion
Issue
1
Volume
50
First Page
53
Last Page
63
Recommended Citation
Usman, Sulieman Yusuf Mr.
(2026)
"National Security, Macroeconomic Stability, and the Future of Nigeria's Development: Policy Priorities in a Volatile Global Environment,"
Bullion: Vol. 50:
No.
1, Article 5.
DOI: https://doi.org/10.33429/0331-7919.1632
Available at:
https://dc.cbn.gov.ng/bullion/vol50/iss1/5
