The Implications of Covid-19 Pandemic Lockdown on the Performance of Micro Small and Medium Scale Enterprises in Southwest, Nigeria
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Abstract
The study investigates the implications of Covid-19 pandemic lockdown on micro small and medium scale enterprises performance in Southwest, Nigeria. A descriptive survey research design was adopted for the study. The population of the study comprised the micro small and medium scale enterprises owners Southwest States in Nigeria. The sample size was 400. Primary data used for the study were gathered through administration of structured questionnaire while data gathered were analysed using multiple regression. The study found that bad or inadequate infrastructural facilities have a negative and significant effect on the performance of micro small and medium scale enterprises(t=-11.789, p<0.05); The study also found that insecurity has a negative and significant effect on the performance of micro small and medium scale enterprises (t=-19.594, p<0.05); Furthermore, the study found that unfavourable government policies have a negative and significant effect on the performance of micro small and medium scale enterprises (t=-16.735, p<0.05). Therefore, study concluded that the entire constructs of the explanatory variables which are bad or inadequate infrastructure, insecurity and unfavourable government policies is significantly and negatively related to the performance of micro small and medium scale enterprises in Southwest, Nigeria
Keywords
Government Policies, Infrastructure Facilities, Insecurity, MSMEs Performance
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