The Effect of Covid 19 on Small and Medium Sized Enterprises in Nigeria

THE EFFECT OF COVID 19 ON
SMALL AND MEDIUM SIZED
ENTERPRISES IN NIGERIA: A
STUDY ON EMERGING MARKET
IN NIGERIA

Table of Contents
Table of Contents.............................................................................................................................2
INTRODUCTION...........................................................................................................................3
LITERATURE REVIEW................................................................................................................4
RESEARCH METHODOLOGY.....................................................................................................7
TIMEPLAN.....................................................................................................................................9
REFERENCES..............................................................................................................................12

INTRODUCTION
The small and medium sized business is a type of business which undertaken on a very
small level and the number of consumers are also very less (Bajracharya, Gurung and
Munakomi, 2020). This is majorly because of the reason that the operations of the company is
also at a very low level and due to this the income is also very low. In the current market
parlance the pandemic situation of Covid 19 is spreading which means that the spread of corona
virus is very high and ongoing. The corona virus is an infectious disease which is caused by the
newly detected virus named corona virus. The major symptoms of the virus are like moderate
illness, respiratory illness, cardiovascular disease, coughing, fever and many other common
disease symptoms.
This pandemic created a very disastrous effect in the global market and because of this
many of the economies has failed and many people died. The after effects of this pandemic are
very dangerous and this has affected the whole globe to a great extent. The current study will
discuss about the market trends and the effect of corona virus over the working of the Nigerian
economy. Nigeria is an African country which is located in the Gulf of Guinea and the capital of
which is Abuja. The effect of Covid 19 has affected the country to a great extent as the cases in
Nigeria were approximately 31,323 and deaths due to corona virus was around 710 (COVID- 19
NIGERIA, 2020). So the current study will outline the impact of Covid 19 over the working of
small and medium business within the Nigerian market.
Aim and objectives
Aim
To investigate the impact of Covid 19 over the small and medium sized business of Nigerian
economy: A study based on the emerging market of Nigeria.
Objectives
 To articulate the concept relating to Covid 19.
 To assess the changes in the trend of small and medium business because of pandemic
Covid 19.
 To examine the effect on the working of the business because of covid 19 with respect to
Nigerian market.
 To recommend some of the measures with which the impact of Covid 19 can be reduced.
Research questions

1. What is the concept of covid 19?
2. What are the trend and the changes in trend because of covid 19 over small and medium
sized business?
3. What is the effect of covid 19 over the operations of the small and medium sized business
in Nigerian market?
Rationale
The rationale behind the selection of this topic is that the pandemic is a serious issue and
it is very essential for the countries to take care of this. This is majorly because of the reason that
this global pandemic has affected the whole of the world with same effect and intensity. Also,
the effect is bad and disadvantageous only for the economy. Due to this reason it is very essential
for the countries to try to find solution to the issue of pandemic.
Significance
The major significance of this research is for the other countries as well because all the
countries are dealing with the same problem and if any solution will be developed then this will
be helpful for the whole globe. This is due to the fact that when any of the country will develop
some solution to reduce the effect of the corona virus then they will be able to improve their
condition and this will help even other countries. This is due to the fact that by seeing the
solution other countries will also try to adapt to those solution and then try to improve the
position.
LITERATURE REVIEW
Theme 1: Concept of Covid 19.
In the words of Bergman (2020) Covid 19 is a disease which is caused due to the corona
virus which is a virus which is spread in the body from the saliva. The major symptoms of the
corona virus are fever, sneezing, cough, cold, muscular pains, cardiovascular disease and many
others. The virus is very dangerous as this can result in death of the person as well. Thus, it is
very dangerous and this affects the working of the company and the country as well. The covid
19 has lead to many of the deaths and this has affected the whole of the world economy in a great
manner like Italy, UK, China and many others nearby places.
On the other side Kharoubi and Dolle (2020) argues that the Covid 19 created very bad
impact over the whole world as many of the countries were not able to manage the effects of the
Covid 19 and this resulted in decline of the performance of the countries and this resulted in