Security Challenges in Nigeria and the Implications for Business Activities and Sustainable Development

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