Effect of Coronavirus on Small Medium Enterprises Performance in Kwara State
CHAPTER ONE
Objective of the study
The objectives of the study are;
- To determine the level of the effect of COVID-19 pandemic on SMEs performance in Kwara State Nigeria
- To examine the effect of lockdown, movement restriction, market closure, and social distancing due to COVID-19 pandemic on SMEs performance in Kwara State Nigeria.
- To determine among the variables of COVID-19 most impacted on SMEs performance in Kwara State Nigeria.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Insight about Coronavirus COVID-19
Coronavirus (COVID-19) is an infectious disease caused by a newly discovered coronavirus. World Health Organisation has declared coronavirus as a global pandemic without cure or vaccine. Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover sometimes without requiring special treatment. Older people and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness (Ukata&Onuekwa, 2020). The best way to prevent and slow down transmission is to be well informed about the COVID19 virus, it causes and how it spreads. The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it is important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow or handkerchief) (World Health Organisation, n.d). Most infected people will develop mild to moderate illness and recover without hospitalization. Most common symptoms are: fever, dry cough, and tiredness. Others are aches and pains, sore throat, diarrhoea, conjunctivitis, headache, loss of taste or smell and a rash on skin, or discolouration of fingers or toes. This pandemic has halted all global human economic activities and threatened with trembled the existence of man engrossed with fear because of the inexplicable high rate of transmissions and deaths recorded across the globe, Nigeria with her poor health system included. Across the nations, educators are responding valiantly to the unprecedented health crisis and its ramifications for students, educators, and communities. Leaders and staff are charting new course for this unique time. Educators’ efforts to navigate through this challenging situation and commitment to their students as an inspiration for success of their dreams, Nigeria cannot be exceptional(Ukata&Onuekwa, 2020). The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it is absolutely impossible to carry on with the traditional classrooms management of teaching and learning of face-to-face interactions between teachers (lecturers and students, students and students), as well as the non-academic staff and management. As such, the urgent need for the application of ICT towards minimizing traditional classrooms challenges of teaching and learning during covid-19 pandemic in Rivers state tertiary institutions. The three approaches of ICT in education are the (1): form of lesson units or workshops for students and teachers, (2): ICT as a means of information storage and retrieval and a method of doing research, and (3) ICT as the channel for delivering and receiving instruction (Baydas&Goktas, 2016).
CHAPTER THREE
RESEARCH METHODOLOGY
Research design
The researcher used descriptive research survey design in building up this project work the choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought to effect of coronavirus on small medium enterprises performance in kwara state
Sources of data collection
Data were collected from two main sources namely:
Primary source:
These are materials of statistical investigation which were collected by the research for a particular purpose. They can be obtained through a survey, observation questionnaire or as experiment; the researcher has adopted the questionnaire method for this study.
Secondary source:
These are data from textbook Journal handset etc. they arise as byproducts of the same other purposes. Example administration, various other unpublished works and write ups were also used.
CHAPTER FOUR
PRESENTATION ANALYSIS INTERPRETATION OF DATA
4.1 Introduction
Efforts will be made at this stage to present, analyze and interpret the data collected during the field survey. This presentation will be based on the responses from the completed questionnaires. The result of this exercise will be summarized in tabular forms for easy references and analysis. It will also show answers to questions relating to the research questions for this research study. The researcher employed simple percentage in the analysis.
DATA ANALYSIS
The data collected from the respondents were analyzed in tabular form with simple percentage for easy understanding.
A total of 133(one hundred and thirty three) questionnaires were distributed and 133 questionnaires were returned.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain Effect of coronavirus on small medium enterprises performance in kwara state. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of coronavirus on small medium enterprises performance
Summary
This study was on Effect of coronavirus on small medium enterprises performance in kwara state. Three objectives were raised which included: To determine the level of the effect of COVID-19 pandemic on SMEs performance in Kwara State Nigeria, to examine the effect of lockdown, movement restriction, market closure, and social distancing due to COVID-19 pandemic on SMEs performance in Kwara State Nigeria and to determine among the variables of COVID-19 most impacted on SMEs performance in Kwara State Nigeria. In line with these objectives, two research hypotheses were formulated and two null hypotheses were posited. The total population for the study is 200 selected staffs of SME in Kwara state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made up manager, secretaries, sale reps and junior staffs were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
In conclusion, the study’s findings indicate that the COVID-19 pandemic has a devastating effect on SMEs performance in Yobe State Nigeria, which may eventually lead to the shutdown of some businesses due to a reduction in demand and supply, reduction in revenue, and several workers in some instances laying off. Consumers are not patronizing their products resulting in the high cost of doing business without returns. Some SMEs are reorganizing themselves to remain efficient and survive amidst COVID-19. Some businesses also are in a state of fear of losing all investments or being kicked out of business. This is the situation SMEs find themselves in light of this global pandemic in Nigeria.
Recommendation
- Proactive plans should put in place in anticipation of events such as COVID-19 that most likely affect the organizations.
- Businesses should adopt online or digital sales and services.
- Astringent macroeconomic monetary and fiscal policies are institutionalized and formulated to help SMEs during the period of hardship such as COVID-19 pandemic
- Businesses should improve on their mode of communication, they should communicate early with employees on policies and procedures, changes, engaging with worker’s unions where appropriate.
- Businesses should desist from doing business that is risky in this period. 6. The government and business enterprises in all sectors should join hands together and help each other for the quick recovery of the SMEs and the economy in general.
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