MILITANCY AND CONFLICTS IMPACT ON BUSINESS CLOSURES IN NIGERIAN COMMUNITIES

^{1Idiata David Jacob., 2OjoOsadebamen Kenneth and 1Osagie Kingsley Edobor}

ABSTRACT

No doubt, insecurity affects economic growth by drying-out investments, increases unemployment and dwindles government revenue, amongst others. This research on the effect of militancy or conflict on business closures has shed more light on some underlying factors that may lead to business closures in some Nigerian regions or areas. Contrary to popular belief, militancy or conflicts play a significant role in these closures. The findings show that lack of skills (acquisition) in these areas has a greater impact on business closures than militancy or conflict. As well as the impact of illiteracy on business/company closures is greater than that of militancy/conflict, which is closely related to skill acquisition. This lack of education or illiteracy is closely or synonymous to lack of skill acquisition.

Keywords: Militancy, Conflicts, Insecurity, Business closures, Skills, Illiteracy