Economic impact of COVID-19 lock down on small medium enterprise (smes) in lagos state

  • Aribisala, Federal College of Education (Tehnical), Akoka, Lagos, Nigeria
  • Oluwadamilare Olufolarin Federal College of Education (Tehnical), Akoka, Lagos, Nigeria, School of Business Education, Accounting Education Department.
DOI: https://doi.org/10.17605/ijie.v3i7.490
Keywords: Effect, COVID 19, SMEs

Abstract

The effect of COVID-19 has negative consequence which has been an invisible enemy raging the entire world populace leading to a global economic crisis. Business across the globe are feeling the negative outcome of the COVID 19 pandemic threatening their ongoing economic daily activities. SMEs in Nigeria are not left out in the share of this negative pandemic, limiting their survival existence. The shutdown of economic activities has greatly affected SMEs in Nigeria. This has led to employees under SMEs lose their jobs. It was concluded that adequate measures needs to be taken by government to cushion the negative effect of COVID 19 in collapsing the existence of SMEs.

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Published
2020-07-21
How to Cite
[1]
Aribisala, and Oluwadamilare Olufolarin 2020. Economic impact of COVID-19 lock down on small medium enterprise (smes) in lagos state. International Journal on Integrated Education. 3, 7 (Jul. 2020), 62-68. DOI:https://doi.org/10.17605/ijie.v3i7.490.
Issue
Vol. 3 No. 7 (2020): IJIE
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