EAS Publisher | The Impact of Finance to Sustainability of SMEs in Post COVID-19 Pandemic in Nigeria

The Impact of Finance to Sustainability of SMEs in Post COVID-19 Pandemic in Nigeria

DOI : https://doi.org/10.36349/easjebm.2022.v05i08.007

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The outbreak of coronavirus disease (COVID-19) has severely affected the global and Nigerian Economy. The most affected victims of the pandemic are the Small and medium scale enterprises (SMEs). This study aim to explore the role of finance in sustainable operations of SMEs in Nigeria post COVID-19 pandemic. The study shall adopts a quantitative approach where questionnaires are distributed to SME owners and managers in the Northeast region of Nigeria. A total sample of 384 SMEs are expected to participated in this study. The Dataset collected for the purpose of this study is expected to be analysed using both binomial and T-test. The data collected revealed that finance plays an important role in the sustainability of business in the sampled area. Based on the findings, it is recommended that government should provide means of tacking the funding challenges faced by SMEs through provision of infrastructure and loan facilities. Finally, the business owners should equally focus on wealth and profit generation, bearing in mind other social and environmental concerns.

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