COVID-19: The Aftermath for Businesses in Developing Countries

Posted: 4 May 2020

See all articles by Anietie Imo Effiong

Anietie Imo Effiong

Delcanimoff Integrated Services

Ime Robson Nseobot

Akwa Ibom State Polytechnic

Edidiong Ime Frank

Immanuel General Hospital

Emmanuel Sunday Ukpong

Heritage Polytechnic

Michael Okon Essien

Akwa Ibom State Polytechnic

Multiple version iconThere are 2 versions of this paper

Date Written: May 4, 2020

Abstract

Over the years, SMEs sector had played a critical role in contributing economy of nations around through creation of employment opportunities, income generation, equitable distribution of income whence contributing towards poverty alleviation, GDP etc. However, this sector has suffers a number of challenges in domestic and global market competition as a result of city locked down and social distance following the outbreak of the pandemic diseases known around the round as COVID-19. In order to avoid the uncontrolled spread of COVID 19, countries round the world announced lockdowns unanimously some earlier and some later. No doubt the shutdown has slowed the spread of coronavirus. Currently, SMEs is face with traditional hardships in finance, management skills, poor cash flow, deficit in accounting and several problems that hinder them from achieving good performance. However, it has other repercussion, ranging from economic slowdown, diminishing the production to note a few. Thus, the study seeks to ex rays the aftermath of COVID-19 for Businesses in developing countries.

Keywords: COVID-19; City Locked-down; Businesses; SMEs

Suggested Citation

Effiong, Anietie Imo and Nseobot, Ime Robson and Frank, Edidiong Ime and Ukpong, Emmanuel Sunday and Essien, Michael Okon, COVID-19: The Aftermath for Businesses in Developing Countries (May 4, 2020). Available at SSRN: https://ssrn.com/abstract=3592350

Anietie Imo Effiong (Contact Author)

Delcanimoff Integrated Services ( email )

No. 2 Barracks Road
Uyo, Akwa Ibom State 520001
Nigeria
+2347037599895 (Phone)

Ime Robson Nseobot

Akwa Ibom State Polytechnic ( email )

Ikot Osurua, Ikot Ekpene
Nigeria

Edidiong Ime Frank

Immanuel General Hospital ( email )

Eket, Akwa Ibom State
Nigeria
2348098343829 (Phone)

Emmanuel Sunday Ukpong

Heritage Polytechnic

Ikot Udota, Eket
Nigeria

Michael Okon Essien

Akwa Ibom State Polytechnic

Ikot Osurua, Ikot Ekpene
Nigeria

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