EFFECT OF COVID-19 ON THE FINANCIAL PERFORMANCE OF SMEs IN NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
Small and Medium Scale Enterprises (SMEs) are undeniably playing a significant role in the economic development of many countries globally. This role performed by the SMEs has been distracted by the global pandemic COVID-19 (Coronavirus). The pandemic brought about lockdown, movement restrictions, market closure, social distancing, etc. Thus, these restrictions and controls of the movement have particularly affected small and medium enterprises (SMEs) in Nigeria. This study aims to examine the effect of the coronavirus pandemic on the financial performance small and medium scale business in Yobe State, Nigeria. The study adopted a survey research design. Data were obtained through a questionnaire administered to 278 SMEs in Keffi Nasarawa State. The data were analyzed using descriptive and regression analysis using SPSS. The findings of the study indicate owners/managers of SMEs that participated in the study rated the variables of COVID-19 (lockdown, movement restriction, market closure, and social distancing) on a high level. The result further revealed that all the variables in the study correlate with SME's performance. Interestingly, the findings indicate three variables have a significant positive effect on SME's performance, the highest among is the market closure, followed by movement restriction and lockdown accordingly. While social distancing shows no significant effect on SME's performance. Therefore, it is recommended that proactive plans should be put in place for SMEs in anticipation of events such as COVID-19 that can hurt businesses. Finally, future research should consider other related variables that have not been considered in this study.
Related Project Materials
THE IMPACT OF INTERNATIONAL ACCOUNTING FOR GLOBAL ECONOMIC UNCERTAINTY
ABSTRACT
This study investigates THE IMPACT OF INTERNATIONAL ACCOUNTING FOR GLOBAL ECONOMIC UNCERTAINTY, focusing on understanding the ch...
The impact of geopolitical risks on investment banking performance: a case study of Sterling Bank
Background of the Study
Geopolitical risks, including political instability, international conflicts, and economic sanctio...
An Evaluation of Semantic Shifts in Nigerian Advertising: A Study of Brand Messaging in Lagos
Background of the Study
In the competitive landscape of Nigerian advertising, semantic shifts play a critical role in bran...
An Evaluation of Political Defections and Electoral Realignments: The Case of Yola North Local Government, Adamawa State
Background of the Study
Political defections and electoral realignments have become defining features of Nigeria's p...
The Impact of Artificial Intelligence on Customer Service Efficiency: A Case Study of Fintech Companies in Niger State
Background of the Study
Artificial Intelligence (AI) is revolutionizing industries by...
The effect of grassroots political awareness on democratic consolidation: A study of Uhunmwonde Local Government Area, Edo State
Background of the Study:
Grassroots political awareness plays an essential role in strengthening democratic consolidation b...
A STUDY OF THE IMPACT OF PERIODONTAL DISEASE ON ORAL HEALTH RELATED QUALITY OF LIFE
ABSTRACT
Despite being acknowledged as the second global burden of oral disease, periodontal disease ha...
EFFECT OF CORPORATE SOCIAL RESPONSIBILITY ON THE PERFORMANCE OF THE NIGERIAN BANKING SECTOR
ABSTRACT
In the Nigeria society, corporate social responsibility (CSR) has been a highly contemporary issue to all stake...
The Contribution of School-Based Events to Youth Development in Minna Local Government Area, Niger State
Chapter One: Introduction
1.1 Background of the Study
School-based events, including debates, cultural days, sports competition...
An Evaluation of Price Sensitivity Among Nigerian Consumers: Evidence from the Mobile Phone Market in Kano State
Background of the Study
Price sensitivity refers to the degree to which the demand for a product changes in response to...
