Affect of Insurgency on Operations of Small and Medium Business Enterprises: A Study on Impact Assessment in Nigeria

Dr. S.M. Shariq Abbas; Mr. Sani Mohammed

Volume : VI, Issue : IX, September - 2016

Affect of Insurgency on Operations of Small and Medium Business Enterprises: A Study on Impact Assessment in Nigeria

Dr. S. M. Shariq Abbas, Mr. Sani Mohammed

Abstract :

The North–eastern region of Nigeria is marred by the dual challenges of insurgency and underdevelopment. Due to this problem of insecurity in Yobe State, which is part of this expanse, businesses and educational/school activities were closed. Regrettably, most of the disgusting consequences particularly loss of lives and business activities were not often properly reported appropriately in the name of security. The study at hand seeks to determine if the insecurity had effect on the Small Business operations in Yobe State. Additionally another objective of the study was to evaluate the consequences of insecurity or its negative impact on socio–economic development of the state.To achieve these objectives, the researcher adopted survey method. Questionnaire was administered to 200 Small Business owners randomly selected from Damaturu and Potiskum Local Government Areas in Yobe State. Two research questions and two Hypotheses were formulated to guide the study. Mean and standard deviations were used in analysing the research questions, while the hypotheses were tested using the t–test at 0.05 significant levels. The result indicated that the two means from Tables 1 and 3 are greater than‘2’ (midpoint value); thus, answering ‘yes’ to the two research questions. In the same vein, Ho1 and Ho2 were accepted because the critical t–values forboth groups are greater than t–value obtain from the analysis on tables 2 and 4; thus, the respondents unanimously agreed that the insecurity seriously affected Small Business operations and negatively impacted the socio–economic development of the State.