IMPACT OF COVID-19 ON SMALL AND MEDIUM SCALE ENTERPRISE IN EDO STATE
Faculty
Year of Publication
upload
Publication Type
Abstract
The aim of this study was examine the impact of Covid-19 on small and medium scale enterprise in Edo State. Four research questions were raised to guide this study. What extent does the COVID-19 pandemic impact SMEs in Edo state? To what extent has the COVID-19 pandemic impacted patronage of small and medium scale enterprise (SMEs) in Edo State? To what extent has the COVID-19 pandemic impacted the availability of workers in small and medium scale enterprise (SMEs) in Edo State? To what level has the
COVID-19 pandemic impacted the sales of goods of small and medium
scale enterprise (SMEs) in Edo state?
A descriptive survey research was employed for this study. The population of the study consist of all the small and medium scale enterprise in Egor local government area of Edo State. A sample of 100 employees were randomly selected from 20 different business enterprise from the population. Questionnaire was the instrument used to elicit information from the respondents. The data collected was analysed using simple percentages. In order to ascertain the reliability of the instrument, it was administered to
hundred (100) employees selected from similar status as those in those used in the study however after the administration of the 100 questionnaire the data collected was analysed. From the findings of this study it was seen that the Covid-19 pandemic
impacted on small and medium scale enterprise (SMEs) in Edo State leading to loss of job to some workers. It was also seen that the Covid-19 pandemic impacted patronage of small and medium scale enterprise in Edo State. Also the Covid-19 pandemic impacted the sales of goods which led to a fall in revenue and resulted in a low profit ratio. So the recommendation includes, the government should invest more into small and medium scale business to ensure their survival during difficult times. Also the small and medium scale enterprise owners should identify and focus on their most valuable products and services and eliminate everything else.
COVID-19 pandemic impacted the sales of goods of small and medium
scale enterprise (SMEs) in Edo state?
A descriptive survey research was employed for this study. The population of the study consist of all the small and medium scale enterprise in Egor local government area of Edo State. A sample of 100 employees were randomly selected from 20 different business enterprise from the population. Questionnaire was the instrument used to elicit information from the respondents. The data collected was analysed using simple percentages. In order to ascertain the reliability of the instrument, it was administered to
hundred (100) employees selected from similar status as those in those used in the study however after the administration of the 100 questionnaire the data collected was analysed. From the findings of this study it was seen that the Covid-19 pandemic
impacted on small and medium scale enterprise (SMEs) in Edo State leading to loss of job to some workers. It was also seen that the Covid-19 pandemic impacted patronage of small and medium scale enterprise in Edo State. Also the Covid-19 pandemic impacted the sales of goods which led to a fall in revenue and resulted in a low profit ratio. So the recommendation includes, the government should invest more into small and medium scale business to ensure their survival during difficult times. Also the small and medium scale enterprise owners should identify and focus on their most valuable products and services and eliminate everything else.
Supervisor(s)
co-supervisor