WHY SMALL BUSINESS ENTERPRISES SURVIVE IN A SECURITY CHALLANGED ENVIRONMENT A CASE STUDY OF SMALL BUSINESS ENTERPRISE WITHIN JOS AND ENVIRONS

ABSTRACT

This study was undertaken to ascertain why small business enterprise survive in a security challenged environment using Jos and environs as case study. Various attempts were made to show the impact and establish the relationship between small business enterprise and growth and development of the country as a whole. Related literatures were reviewed so as to give clear understanding of the subject under study. The hypothesis under the research shows that a security challenged environment may have an impact on small business enterprise taking cognizance of the scope as well as the limitations of the study. The use of secondary sources was adopted for data collection and analysis used in the study including the sample size. Finally, on the basis of the findings, various recommendations were made for further research study.

CHAPTER ONE

INTRODUCTION

• BACKGROUND OF THE STUDY

In the past few decades, there has been a shift in approach to improvement of economic growth by every country. For instance, Nigeria for long time, so depended on its natural resources, that oil became a center of controversy. Today new trends have emerged. The most revered countries in the world are no longer those that were respected became of natural resources like oil. Countries with greatness and prospects of greatness are the ones propelled by people who use their minds. Those who trade ideas and products of ideas, people who constitute the wealthiest people in the world today like Bill Gates who started his business very small and eventually became a positive force in the economy of his country.

Therefore, there is an urgent need for managers of Nigeria’s economy to increase attention to small business enterprise and re-emphasize their importance to national economic development by improving conducive environment for the creation of new ones and furthering the strength of existing ones (Ejiofor, 2008).

There is no doubt, security challenged environment is a threat to the growth of small business. The contributions of small business to the growth of the economy cannot be re-emphasized as small business despite the security challenged environment play an important role which may include employment generation. Nevertheless, small business contributes more than what people assumed because they have through the interaction of powerful forces emerged as an important agent of economic and social transformation. (Hatak, 2006).