Impact of Bandit Activities in Small and medium scale enterprises in North East Nigeria

Impact of Bandit Activities in Small and medium scale enterprises in North East Nigeria

Abstract

Small and Medium Enterprises are the engine that drives development in  any developing country of the world, as such, any threats to its operations will impact negatively on the society. This study empirically investigate the impact of Banditry on Small and Medium Enterprises in Nigeria specifically North Eastern Nigeria. The study specifically reviewed seventeen available existing literature on the Banditry activities. The study discovered that the major implication of Banditry includes; the destruction of Small and Medium Enterprises and will result in another crisis in the society. Small and Medium Enterprises by implication lost its international trade network because co-traders as it is in the case of Maiduguri the Borno State capital has lost it all customers abroad, especially from the neighbouring countries they share a border with. The study recommended that security is everybody’s business; however, Nigerians, government, the international community and other related organisations should do more to end the crises by providing adequate security. Hence, Small and Medium Enterprise operators/entrepreneurs need to step up in strategizing security threats to avert losing the entire enterprises to the hand of the terrorist. By implication, losing the company will lead to frustration to all employees of the enterprises. In conclusion, Banditry is a deadly terror group that destroys anything on their way including SMEs in North East this brings the economic activities to a standstill.