TERRORISM AND IT’S EFFECT TO THE SOCIO-ECONOMIC DEVELOPMENT OF SMALL SCALE INDUSTRY IN NIGERIA

36

TERRORISM AND IT’S EFFECT TO THE SOCIO-ECONOMIC DEVELOPMENT IN SMALL SCALE INDUSTRY IN SELECTED AREA IN OBAFEMI OWODE LOCAL GOVERNMENT OGUN STATE IN NIGERIA

INTRODUCTION

Over the years, the issue of terrorism has claimed waves, particularly, in the northern part of Nigeria. This menace is long observed to have been impairing the foresight of growth and economic development of the region and making Nigeria at large uneasy business environment.

The popular notions and impacts pertaining to what Small and Medium Scale Enterprises (SMEs) can offer are being falsified. Meanwhile, SMEs are factually the citadel of the Nigeria and other developing countries’ economy. SMEs are not only the backbone, but also the cerebellums for every feasible operation in every sector of the economy. The relative importance of small and medium scale enterprise in advance and developing countries has led and would continue to lead to a reconsideration of the role of small and medium scale enterprise in the economy of nations, . Thus, a fall in the healthy state of SMEs in any business environment has concomitant effect on the economy.

Unfortunately, the terrorists’ activities have incrementally marred the comprehensive roles of SMEs in Nigeria. Terrorism has often acts as inevitable determinant of death-or-life situation for most businesses. Terrorism has posed insecurity and hazards in the business environment, thereby, engineering unimaginable upheaval in the northern region of Nigeria. It has established wide gaps between most SMEs vision and mission, and foretold the accomplishment of their objectives as being unrealistic. These hindrances are not only secluded to SMEs in the region, but have greater implications on the living standards of the people. The people are scared away by unforeseen terrorist attacks, and this makes trading hard-nut-to- crack activities due to unavailability of market for variety of consumers’ products.

OBJECTIVES OF THE STUDY

This main objective of the study is to investigate  Terrorism And It’s Effect To The Socio-Economic Development In Small Scale Industry In Selected Area In Obafemi Owode Local Government Ogun State In Nigeria

. The specific objectives of this study are:

  1. To determine whether terrorism can lead to high mortality rate of SMEs and degradation of standards of living in the Obafemi Owode Local Government Ogun State.
  2. To investigate the categories of terrorism in the Obafemi Owode Local Government Ogun State
  3. To examine the security challenges facing the continuous operation of SMEs in Obafemi Owode Local Government Ogun State

RESEARCH HYPOTHESIS

Based on the objective one above, this paper drew a hypothesis:

  • H0 : That terrorism cannot lead to socio economic development rate of SMEs and degradation of standards of living in Obafemi Owode Local Government Ogun State.
  • H1 : That terrorism can lead to high socio economic development rate of SMEs and degradation of standards of living in the northern Nigeria.

DEFINITIONS OF TERMS

CONCEPT OF TERRORISM

According to Nielsen, terrorism has come to signify race and religion though everyone is careful not to say so. Terrorism refers to those violent acts that are intended to create fear (terror); are perpetrated for a religious, political, or ideological goal; and deliberately target or disregard the safety of non-combatantsTerrorism is the unlawful use of force or violence against persons or property to intimidate or coerce a government or its citizens to further certain political or social objective, In the Nigerian context, terrorism is violence against humanity, properties and businesses as result of some ideologies which may be political, social and religious in nature. Accordingly, when a young man is poor, illiterate and unemployed, he becomes a clean slate for any kind of brainwashing which, according to Marx is more potent when it comes from religion and aided by culture.