Abstract

The paper examined the insecurity situation in Nigeria and its implications for business investment, operations

and sustainable development. The evaluation of the level and dimension of insecurity which was based on

secondary data and observations among authors in different places, zones and walks of life as expressed in their

comments, as well as, on concrete evidences of insecurity incidence in different parts of Nigeria, indicated that

the insecurity challenge in the country is enormous and complex and would continue to be, if the situation

remains unabated. We therefore emphasized the need to evolve a safe business environment that allows for

effective business activities and a sustainable development process. The security management models

recommended to achieve this, are aimed at combating the creators and perpetuators of situations of insecurity,

and simultaneously addressing and removing the sources of dissatisfaction and discontentment which spur

security breaches and the involvement of all stakeholders both in public and private capacity-government,

business organizations, civil society, religious groups, communities and individuals- to supply resources,

expertise and information that are required to ensure a safe environment.

Keywords: Business environment, Security, Stakeholders, Sustainable development, Nigeria

TABLE OF CONTENTS

Cover Page – – – – – – – –

Title Page – – – – – – – – –

Certification – – – – – – – –

Dedication – – – – – – – – –

Acknowledgment – – – – – – – –

Abstract – – – – – – – – –

Table of Content – – – – – – – –

Chapter One: Introduction

1.1 Background of the Study – – – – –

1.2 Statement of the Problem – – – – –

1.3 Objectives of the Study – – – – – –

1.4 Research Questions – – – – – –

1.5 Research Hypotheses – – – – – –

1.6 Significance of the Study – – – – –

1.7 Scope of the Study – – – – – –

1.8 Limitation of the Study – – – – – –

1.9 Definition of Terms – – – – – –

Chapter Two: Review of Related Literature

2.1 Introduction – – – – – – –

2.2 Theoretical Framework – – – – – –

2.3 Conceptual Framework – – – – –

Chapter Three: Research Methodology

3.1 Introduction – – – – – – –

3.1 Research Design – – – – – – –

3.3 Area of the Study – – – – – –

3.4 Population of the Study – – – – –

3.5 Sample Size and Sampling Techniques – – –

3.6 Instrumentation – – – – – – –

3.7 Validation of the Instrument – – – – –

3.8 Administration of the Instrument – – – –

3.9 Method of Data Analysis – – – – –

Chapter Four: Presentation, Analysis and Interpretation of Data

4.1 Introduction – – – – – – –

4.2 Presentation and Analysis of Data – – – –

4.3 Testing of Hypotheses – – – – – –

4.4 Discussion of Findings – – – – – –

Chapter Five: Summary, Conclusion and Recommendations

5.1 Introduction – – – – – – –

5.2 Summary – – – – – – – –

5.3 Conclusion – – – – – – – –

5.4 Recommendations – – – – – –

References – – – – – – –

Appendix 1 – – – – – – – –

Appendix 2 – – – – – – – –

1. Introduction

Nigeria in recent times has witnessed an unprecedented level of insecurity. This has made national security threat

to be a major issue for the government and has prompted huge allocation of the national budget to security. In

order to ameliorate the incidence of crime, the federal government has embarked on criminalization of terrorism

by passing the Anti-Terrorism Act in 2011, installation of Computer-based Closed Circuit Television cameras

(CCTV) in some parts of the country, enhancement of surveillance as well as investigation of criminal related

offences, heightening of physical security measures around the country aimed at deterring or disrupting potential

attacks, strengthening of security agencies through the provision of security facilities and the development and

broadcast of security tips in mass media (Azazi, 2011). Despite these efforts, the level of insecurity in the

country is still high. In addition, Nigeria has consistently ranked low in the Global Peace Index (GPI, 2012),

signifying a worsened state of insecurity in the country. Hence, Adagba, et al (2012), Uhunmwuangho and

Aluforo (2011) are of the view that the efforts of government have not yielded enough positive result.

With the lingering security challenges and the inability of the security apparatus of the government to

guarantee safety and security in the country, the question that borders everyone in Nigeria today is that “can there

be security?” Is security of lives and properties achievable? Apparently, the security situation in Nigeria appears

or at least have remained insurmountable and many people have argued that government at all levels has not

done enough by not confronting the situation head on and dealing with it decisively, others have argued that the

situation has a political undertone or inclination calculated to serve the interest of certain political gods, who

have been dissatisfied and disgruntled about the political manifestations in the country.

Consequently, the purpose of this paper is to provide a synthesis of existing knowledge on insecurity

by integrating diverse explorations and to propose a strategy for security management. In the following sections,

we examine first, the concept of insecurity, the causes of insecurity in the country so as to provide a background

for understanding and appreciating the enormity of the problem and our proposed model for security

management in Nigeria. This is followed by an exploration of the connection between security environment and

business activities and an evaluation of the Nigerian security situation and its implications for business and

sustainable development. Finally, in consonance with the call on everyone by government, to contribute to the

war against insecurity, the paper proposes a security management model that could assist in managing security

challenges in the country