Abstract:
The outburst of coronavirus disease (Covid-19) has seriously affected the world and the Kontagora economy. Foremost victims of the Covid-19 outbreak are micro, small, and medium-sized enterprises (MSMEs). The study aims to examine the effect of the Covid-19 outburst on these enterprises and provide policy recommendations to assist MSMEs to ease business losses and survival the ravaging situation. The study adopted exploratory methodology broadly revising the available literature including research papers, policy documents and reports in relevant fields. Data were collected from five hundred and forty-six MSMEs by administering the questionnaire. The data were analyzed through descriptive statistics. The result revealed that the Covid-19 pandemic significantly affected cash flow and other areas like revenue, sales, and salaries & wages across the various sector of the businesses. Also the survey found that the majority of the businesses did not receive any form of support from any private sector/enterprise or even government. However, based on the result of the study, it was recommended that the government should provide and fast-track direct social assistance as a stimulus package for businesses capital to help revive all the affected areas and sectors and the government should facilitate assess to flexible financing support packages through grants interest-free loans and bridge financing to meet critical needs like salaries.
Keywords: MSMEs, COVID-19, Kontagora, Crisis, and Business survival
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author/Murjanatu Garba Ayawa et al
journal/Zamfara IJOH Vol. 1 Issue 3
pdf-https://drive.google.com/file/d/1KehmMADwZaxiJ74Wn954RQbgjMK1pcbZ/view?usp=share_link
paper-https://drive.google.com/file/d/1KehmMADwZaxiJ74Wn954RQbgjMK1pcbZ/view?usp=share_link
