Financing Boko Haram
There has long been speculation about how Boko Haram and other terrorist organizations are funded. Some funding clearly comes [PDF] from criminal activity, with kidnapping particularly lucrative, and from bank robberies. Presumably, protection rackets also play a role. At some times and in some places, Boko Haram has been able to impose “taxes” on the local population. Boko Haram has also been involved in trading, especially in the Lake Chad Basin. Weapons—a major expense—appear often to come from government armories, sometimes because “the back gate was left unlocked.” In southern, predominantly Christian Nigeria, it is often assumed that northern “big men” provide funding for Boko Haram. Most of this is speculation. It also appears likely that Boko Haram’s brand of terrorism is cheap; the organization does not require the levels of funding characteristic of terrorist organizations operating in the Middle East or Europe.