The Effect of Kidnapping Incidences on Inventory Turnover Ratios of Agricultural Cooperative Societies in Awka North L.G.A, Anambra State, Nigeria

Attah Chinyere Cecilia; PROF Nwankwo F O

doi:10.56201/ijebm.vol.11.no10.2025.pg40.45

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The Effect of Kidnapping Incidences on Inventory Turnover Ratios of Agricultural Cooperative Societies in Awka North L.G.A, Anambra State, Nigeria

Attah Chinyere Cecilia, PROF Nwankwo F O

Abstract

This study investigates the effects of kidnapping incidents on the inventory turnover ratios of agricultural cooperative societies in Awka North Local Government Area (LGA), Anambra State, Nigeria. Kidnapping, a form of insecurity prevalent in Southeast Nigeria, disrupts agricultural operations, supply chains, and economic activities. Using a mixed-methods approach, data were collected from 50 cooperative societies through surveys and financial records from 2020 to 2025. The findings reveal a significant negative correlation between kidnapping incidences and inventory turnover ratios, with cooperatives experiencing higher insecurity reporting lower turnover rates due to reduced production, inventory hoarding, and disrupted market access. Regression analysis indicates that a 10% increase in reported kidnapping cases correlates with a 15-20% decline in inventory turnover ratios. The study recommends enhanced security measures and policy interventions to mitigate these effects. This research contributes to understanding insecurity's economic ramifications on rural agricultural entities.

Keywords

KidnappingInventory Turnover RatioAgricultural CooperativesInsecurityAwka North LGANigeria.

References

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The Effect of Kidnapping Incidences on Inventory Turnover Ratios of Agricultural Cooperative Societies in Awka North L.G.A, Anambra State, Nigeria

Abstract

Keywords

References

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