Nigeria, Feb. 1 -- The rising cases of kidnapping in Abuja, Nigeria's capital city, has left an undesirable economic impact on residents, a new report has said.

SBM Intelligence, a research advisory firm, disclosed this in its report titled 'Inside Nigeria's Hostage Capital: Unraveling the Economic Impact of Abuja's Kidnap Epidemic', released on Thursday.

The report explained that the current atmosphere of insecurity in Nigeria's capital has contributed to a downturn in economic activities by 33 per cent.

The rate of kidnap in Nigeria's capital city in recent months has left residents afraid for their safety.

SB Morgen's report said Abuja has witnessed a significant surge in minor thefts, 'One Chance' robberies, armed robberies, and h...