IDEAS home Printed from https://ideas.repec.org/a/ibn/ijbmjn/v16y2023i9p1.html

Impacts of COVID-19 Pandemic on Sustainability/Survivability of Micro/Small Sized Businesses in Nigeria

Author

Listed:
  • Anthony Wakwe Lawrence
  • Damiete Onyema Lawrence

Abstract

Coronavirus pandemic (COVID-19) is currently the biggest crisis affecting the world. COVID-19 has claimed the lives of millions and is impacting the economic lives, ways of life and at least psychological health of most people. We used Port Harcourt as area of study to understand if sizes and types of these businesses affect sustainability/survivability in relation to the impact of COVID-19. We administered questionnaires to 568 business owners/mangers of 11 business types of the two sizes (micro and small). The information gathered were analysed using both quantitative and qualitative means and also presented graphically. The micro-sized businesses were more successful in terms of their abilities to continue getting patronage, getting supplies, retaining workers and eventually making profit during the peak of COVID-19 pandemic. Those whose products were considered more essential in relation to lockdown and health circumstances- fruit sellers, online enabled businesses, Point of Sale units (POS), drugs and petroleum product sellers thrived better than others. Considering the subsistent level of existence of these micro and small sized businesses, their major needs are effective provision of credit facilities and availability of other supportive business interventions including provision of palliatives/relief measures during crisis to real business operators and not to ‘ghosts’ by government and others to sustainably grow their businesses. As population pressure increases, with the attendant rise in unemployment rate, recommendation is made for business entrepreneurial skills to be incorporated into all levels of educational curricula to facilitate greater chance of success for those who choose the business pathway.

Suggested Citation

  • Anthony Wakwe Lawrence & Damiete Onyema Lawrence, 2023. "Impacts of COVID-19 Pandemic on Sustainability/Survivability of Micro/Small Sized Businesses in Nigeria," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(9), pages 1-1, February.
    • Handle: RePEc:ibn:ijbmjn:v:16:y:2023:i:9:p:1
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ijbm/article/download/0/0/45592/48468
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ijbm/article/view/0/45592
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ozili, Peterson & Arun, Thankom, 2020. "Spillover of COVID-19: Impact on the Global Economy," MPRA Paper 99317, University Library of Munich, Germany.
    2. Paul Hong & Chenglei Huang & Bo Li, 2012. "Crisis management for SMEs: insights from a multiple-case study," International Journal of Business Excellence, Inderscience Enterprises Ltd, vol. 5(5), pages 535-553.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Damiete Onyema Lawrence & Anthony Wakwe Lawrence, 2023. "Assessment of Some Basic Strategies towards Managing COVID-19 Crisis in Micro/Small Sized Businesses," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(8), pages 1-21, February.
    2. Lewkowicz, Jacek & Woźniak, Michał & Wrzesiński, Michał, 2022. "COVID-19 and erosion of democracy," Economic Modelling, Elsevier, vol. 106(C).
    3. Bouteska, Ahmed & Sharif, Taimur & Abedin, Mohammad Zoynul, 2023. "COVID-19 and stock returns: Evidence from the Markov switching dependence approach," Research in International Business and Finance, Elsevier, vol. 64(C).
    4. Hale, Galina & Juvenal, Luciana, 2023. "External Balance Sheets and the COVID-19 Crisis," Journal of Banking & Finance, Elsevier, vol. 147(C).
    5. Charles Okeke, 2022. "A Critical Assessment of China-Africa Relations in the Post COVID-19 Dispensation," Eximia Journal, Plus Communication Consulting SRL, vol. 4(1), pages 33-45, April.
    6. Farzami, Yasmine & Gregory-Allen, Russell & Molchanov, Alexander & Sehrish, Saba, 2021. "COVID-19 and the liquidity network," Finance Research Letters, Elsevier, vol. 42(C).
    7. Christos Christodoulou-Volos & Dikaios Tserkezos, 2024. "The Impact of COVID-19 and Structural Market Changes on the Greek Stock Market: An Empirical Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 14(6), pages 320-326, October.
    8. Juan Pablo Gama & Rodrigo J. Raad, 2023. "Large public expenditure shocks in a Ramsey taxation model with default," Textos para Discussão Cedeplar-UFMG 665, Cedeplar, Universidade Federal de Minas Gerais.
    9. Jana Hamdan & Yuanwei Xu, 2022. "COVID-19 Lockdown Compliance, Financial Stress, and Acceleration in Technology Adoption in Rural Uganda," Discussion Papers of DIW Berlin 2007, DIW Berlin, German Institute for Economic Research.
    10. Nurudeen Abu & Awadh Ahmed Mohammed Gamal & Musa Abdullahi Sakanko & Ana Mateen & David Joseph & Ben-Obi Onyewuchi Amaechi, 2021. "How have COVID-19 Confirmed Cases and Deaths Affected Stock Markets? Evidence from Nigeria," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 15(1), February.
    11. Duan, Yuejiao & El Ghoul, Sadok & Guedhami, Omrane & Li, Haoran & Li, Xinming, 2021. "Bank systemic risk around COVID-19: A cross-country analysis," Journal of Banking & Finance, Elsevier, vol. 133(C).
    12. Zhou, Baoquan & Shi, Ningzhong, 2024. "Analysis of a stochastic SEIS epidemic model motivated by Black–Karasinski process: Probability density function," Chaos, Solitons & Fractals, Elsevier, vol. 189(P2).
    13. Deng, Chao & Chen, Keyuan & Yu, Li & He, Yinxi & Hong, Yun & Jiang, Yanhui, 2025. "The asymmetric relationship between state media tone and the Chinese bond market during COVID-19: Evidence from a nonlinear ARDL model," Journal of Behavioral and Experimental Finance, Elsevier, vol. 46(C).
    14. Md. Bokhtiar Hasan & Masnun Mahi & Tapan Sarker & Md. Ruhul Amin, 2021. "Spillovers of the COVID-19 Pandemic: Impact on Global Economic Activity, the Stock Market, and the Energy Sector," JRFM, MDPI, vol. 14(5), pages 1-18, May.
    15. repec:ers:journl:v:xxiv:y:2021:i:3:p:01-19 is not listed on IDEAS
    16. Lan, Guijie & Song, Baojun & Yuan, Sanling, 2023. "Epidemic threshold and ergodicity of an SEIR model with vertical transmission under the telegraph noise," Chaos, Solitons & Fractals, Elsevier, vol. 167(C).
    17. Marco Cioppi & Fabio Musso & Elisabetta Savelli, 2014. "Economic Crisis and Smes’ Behavior: An Analysis on the Furniture Sector in Italy," The International Journal of Economic Behavior - IJEB, Faculty of Business and Administration, University of Bucharest, vol. 4(1), pages 115-126.
    18. Alin Ioan CRETU & Alina Stefania CHENIC & Ana NASTASE, 2021. "The Latest Developments in European Construction," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 186-192.
    19. repec:but:manage:v:4:y:2014:i:1:p:115-126 is not listed on IDEAS
    20. Ariful Islam & Sazali Abd Wahab, 2023. "Configuring a Quadruple Helix Innovation Model (QHIM) Based Blueprint for Malaysian SMEs to Survivethe Covid-19 Pandemic," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 107-132.
    21. Anna Corinna Cagliano & Antonio Carlin & Carlo Rafele & Chiara Campanale, 2025. "How COVID-19 Affected the Italian Personal Protective Equipment Supply Chain: An Empirical Analysis," Logistics, MDPI, vol. 9(1), pages 1-19, February.
    22. Solomon Mequanent Biwota, 2020. "The Impact of COVID -19 Pandemic on Hospitality (Tourism& HotelSector) and Mitigation Mechanism in Ethiopia review," Agricultural Research & Technology: Open Access Journal, Juniper Publishers Inc., vol. 25(1), pages 21-27, August.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijbmjn:v:16:y:2023:i:9:p:1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.