Impact of Insecurity on Economic Activities in Awka Metropolis

Abstract

Insecurity is a feeling of trepidation and unsafe that leads to wanton destruction of lives and properties in a society. As a result, this study examined the impact insecurity has on the economy and development status of Awka metropolis with respect to public and private economic activities and the Nigerian economy as a whole. The study relied on primary data generated through structured multifactor questionnaire administered on respondents and was analyzed with analysis of variance (ANOVA) technique. The result revealed that insecurity has significant impact on public and private sector activities in Awka metropolis as shown by the responses of the private business owners, top government officials and workers selected for this study. From the results, the study conclude that on average, insecurity has adversely affected public and private sector assets, output, turnover, employment generation and finances in Awka metropolis and Nigeria in general and thereafter recommended that government should increase spending on the different security outfits within the state and country to adequately equip them for their duties.