INSECURITY IN THE SOUTHEASTERN STATES OF NIGERIA AND MULTI-PURPOSE COOPERATIVE SOCIETIES BUSINESS PERFORMANCE
Keywords:
Insecurity; Southeast of Nigeria; Multi-Purpose Cooperative Societies; Business Performance.Abstract
This study was carried out to evaluate the Effect of Insecurity on the Performance of Multi
Purpose Cooperative Businesses in Southeast, Nigeria. The study encompasses Monday's
sit-at-home, Kidnapping and Ritual killing and Herders/farmers clash to reduce multi
purpose business performance in the Southeast. Simple Percentage Method and Tables;
Research Questions were analyzed using the Correlation method and Multiple Regression
for hypothesis testing. Taro Yamane formula was used to determine the Sample Size 365.
The findings show that Monday's sit-at-home, Kidnapping and Ritual killing, Banditry and
Herders/farmers clash have significantly influenced southeast cooperative business
performance activities. In line with the findings, Insecurity like, agitators' Monday-sit-at
home order, kidnapping for ransom & ritual killing, banditry menace, and herders and
farmers clashes affect the performance of cooperative business. The correlation result
indicated that Monday-sit-at-home affected the business activities of cooperative societies.
The Pearson r statistic showed a value of -.605** (p=.000). The p-value of .000 is less than
.05 and thus concludes that the relationship is significant. Therefore, question two shows
that the agitators' Monday-sit-at-home order influences the business activities of
cooperative societies in Southeast Nigeria. As such, this study recommends that
Cooperatives should work with local law enforcement and security agencies to implement
security measures that can protect cooperative members from potential threats.