Terrorism and Businesses in North East: Implications for Economic Growth in Nigeria (Published)
Since the beginning and escalation of terrorism, various sectors of the economy have been affected as a result of the negative peace and fatalities associated with the Boko Haram terrorism. The situation has caused rapid inflation and decline in the availability of basic human needs. Containing the threat and related displacements has been challenging to the state security providers, who are also affected by the Boko Haram activities. This study examines the implications of terrorism for business activities in North-eastern Nigeria. Apart from direct attack on businesses, the activities of terrorists are inimical to economic growth. Consequently, most displaced people have continued to suffer malnutrition. This paper argues that timely containment of the terror is the only way to save the economy from total collapse. This requires the joint military task force to stop the terrorists from snatching vehicles loaded with foodstuffs on the highway, burning of villages and mounting of road blocks.
Keywords: Boko Haram, Businesses., Terrorism, northeast
Post-Ebola Financial Analysis of the Economic Fortunes of the Tourism/Hospitality Sub-Sector in Cross River State, Nigeria (Published)
This study was a post-Ebola analysis of the impact of the dreaded disease (Ebola) on the tourism and hospitality industry, with particular reference to Eateries, Hotels, Guest Houses and allied businesses in Cross River State, Nigeria. The objective of the study was to determine the extent of the scare on consumption of the tourism/hospitality industry’s goods and services resulting from the outbreak of the Ebola virus crisis. The goods and services in focus include forest products which were vulnerable to contamination by primary carriers of Ebola disease, while the services include bed spaces, which constitute essential demands of tourists. The trades most affected were hunting, eateries, forest products (including bush meat), etc. Survey design was adopted in the study. The data gathered were statistically analysed using the Pearson Product Moment Correlation. Results indicate that: the financial viability of forest products (including local bush meat) and other allied businesses are still significant; and the profitability of tourism/hospitality businesses in Cross River State, Nigeria, still significant, especially after the World Health Organization (WHO) had issued a “No-Ebola” certification on Nigeria. The study is concluded by recommending proper education for operators in the tourism/hospitality sub-sector whose products and services were the most vulnerable during the Ebola crisis, on the need to switch to alternative businesses that will preserve the eco-system in compliance with the pursuit of the global Green-House Gas emission minimization.
Keywords: Businesses., Financial Analysis, Hospitality, Post-Ebola, Tourism