A significant rise in cyber-related offences has been observed in Osogbo Local Government Area (LGA) in Osun State, indicating that cybercrime has become a major social and economic issue in Nigeria. In order to better understand the social and economic factors that contribute to cybercrime in Osogbo LGA, this study uses thematic analysis of secondary data sources, such as government publications, scholarly works, and policy documents. According to theories of social strain and rational choice, cybercrime is a reaction to socioeconomic pressures and deliberate actions taken for financial benefit. The results show that widespread financial difficulties, which are typified by youth unemployment and restricted access to good chances, are the main cause of cyber fraud. Inadequate digital literacy and extensive internet accessible without appropriate safeguards allow cybercrimes to proliferate, while peer pressure and adolescent subcultures further normalise and sustain cybercriminal activity. Institutional flaws that fail to discourage criminals or address underlying socioeconomic grievances, such as poor governance and law enforcement shortcomings, make the issue worse. The report also emphasises how cybercrime negatively affects the local economy, particularly small enterprises and customer confidence in online platforms. Furthermore, social media sites serve two purposes by glamorising illegal money and offering forums for the sharing of cybercriminals' information. In conclusion, extensive initiatives that tackle the underlying causes of cybercrime are necessary to combat it in Osogbo. The report suggests community-based peer mentorship programs, improved digital literacy campaigns, targeted youth employment programs that emphasise digital skills, governance reforms, and social media content control. If successfully put into practice, these steps could lower the incidence of cybercrime and provide a safer online environment in Osogbo LGA and beyond.