Analysis reveals significant downturn in Nigeria's economy due to COVID-19 effects, highlighting the need for strong government support for SMEs.
This study investigated the impact of the global spread of Covid-19 pandemic on socio-economic activities in Nigeria. As acknowledged by scholars, the widespread of the pandemic affected the socio-economic wellbeing of the people globally. In Nigeria, Covid-19 pandemic had deepest impact on the nation’s socio-economic landscape which resulted to a downturn in the nation’s economy. This was due to various measures mitigated by the government to curtail the spread of the pandemic which disrupted business supply chains and reduced socio-economic pursuit in Nigeria. With ex-post approach supported by secondary data, the investigation concluded with appeal to government at all levels to implement a sustainable programme on fiscal and monetary policies to promote the Small and Medium Enterprises (SMEs) operation in Nigeria. This could aid the people to regain their lost economic dignity during the pandemic.
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Garuba et al. (2025) studied this question.
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