EKOJA, Geoffrey Owoicho
Institute of Developmental Studies
University of Nigeria, Enugu Campus, Enugu State
TAMUNOMONI, Animigha Cockeye Brown
Department of Management
Faculty of Business Administration
University of Nigeria, Enugu Campus, Enugu State
OKAFOR, Celestine Ameachi
Department of Management
Faculty of Business Administration
University of Nigeria, Enugu Campus, Enugu State
OKPEBENYO, Williams
Department of Management
Faculty of Business Administration
University of Nigeria, Enugu Campus, Enugu State
ABSTRACT
This study examined the relationship between insecurity and entrepreneurial ventures in Kaduna
state, Nigeria. The broad objective of the study was to examine how insecurity affects the
creation of new venture, growth of existing ventures and rate of failure of existing ventures in
Kaduna Metropolis. The study adopted a survey research design. The population of the study
comprised 2670 registered small businesses in the Kaduna metropolis. However, the study
randomly selected 225 top managers of small businesses business in Kaduna metropolis. The
study used structured questionnaire for data collection, while data were analyzed using Pearson
Product Moment Correlation and linear regression. The study found that insecurity in Kaduna
state significantly reduced rate of establishment of new ventures. The study also found that
insecurity retards business growth and causes business failure. The study thus concludes that
insecurity is freezing life out of business venture in Kaduna metropolis; and recommends that
proactive measure should be taken by the Central and State Government to curb insecurity in
Kaduna State.
Keywords: Entrepreneurial ventures, insecurity, venture growth, new ventures and venture
failure