Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Impact of Coronavirus on Small and Medium Enterprises (SMEs): Towards Post-Covid-19 Economic Recovery in Nigeria

Author(s): Yusuff Jelili Amuda

In the recent time, coronavirus (COVID-19) becomes an emerging area of research especially in exploring its effects from multidimensional perspectives such as health, educational and economic perspectives. More importantly, there is an insufficient academic research in connecting the impact of COVID-19 with Small and Medium Enterprises (SMEs) in Nigeria despite the fact different countries of the world such as US, UK, Canada, and China etc. have been making tremendous effort in addressing the economic impact of COVID-19. The primary objective of this paper is to explicitly make a shift by building a comprehensive theoretical basis for the impact of COVID-19 on SMEs in order to chat a forward for post-COVID-19 economy recovery to thrive in the country. This study used secondary data to gather vital information by exploring available materials or literatures in this regard. The findings of this paper indicated that, recent study provides health implication of COVID-19 which has overwhelmingly explained by World Health Organization (WHO). Hence, this paper argues that appropriate measures should be provided especially by giving loan support to SMEs in expanding and strengthening the existing and new business opportunities as response to the impact of post-COVID-19 economy recovery in the country. It is therefore suggested that collaboration between SMEs leaders and the government have vital roles to play especially through the activities of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in providing platform for inclusion of digitization into SMEs or business operation in the country.

Get the App