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Insecurity and Performance of Small and Medium Enterprises in Anambra State, Nigeria

Onye, Chika Dennis Ph.D

Abstract

This work investigates the effect of insecurity on performance of small and medium enterprises in Anambra State, Nigeria. The main purpose of the study was to examine the unemployment, kidnapping, armed robbery and cult war on performance of small and medium enterprises. The study reviewed relevant literatures. Theoretical framework was anchored on structural functionalism theory. The study adopted descriptive survey research design. The population comprised 2001 SMEs in Anambra State. Sample size is (390) using formular devised by Borg and Gall. Questionnaire was employed as the main instrument of data collection. The study used content validity and the researcher established the reliability of the instrument by using of test retested. The data generated were analyzed using simple percentage analysis, to answer research question, while multiple regression analysis was used in testing the hypotheses. The study find out that kidnapping had a negative significant effect on the performance of Small and medium enterprises, Armed robbery had a significant nagative effect on the performance in Small and medium enterprises and cult war had a significant negative effect on the performance of Small and medium enterprises in Anambra State, Nigeria. The study concluded that insecurity had a significant negative effect on the performance of small and medium enterprises in Anambra State, Nigeria. The study recommended that government need to pay close attention to security of human elements (Small and medium enterprises) than to security of territory by substantively enacting a right-oriented business conduct to protect individuals from smooth running of their businesses. Government serious intervention to cushion the effect of human insecurity by adopting a regulatory framework that will usher defaults to befitting penalty in order to inculcate sustainable virtues like discipline, integrity, honesty, humility. Government at all levels need to pay attention to cult war in Awka, Onitsha and Nnewi respectively lean on daily income for the provision of the basic necessities of life by intelligence system, and build a capable and more proactive security apparatus

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