The Roles of SMEs on the Sustainable Economy Growth after Covid-19 Pandemic in Nigeria

Abstract

This study purpose is to conceptual framework for sustainability developed in Small and Medium Scale Enterprises (SMEs). The study is assessing the roles and contributions made by the SMEs for the sustainability in the economy of Nigeria after the effects of Covid-19 pandemic. Corvid-19 pandemic caused a major trouble on the economic, political, financial, social, religious activities most developed and developing countries. Nigeria economy was affected, and it led to many crises ranging from loss of government revenue, supply of goods and services, accessibility to credit facility by both individual and organization, loss of job, poor standard of living following restriction on human mobility and stay-at-home order by the government. The rate of poverty is at increase as a result of these crises. The overview effects has caused loss of employment opportunity creation, poor standard of living and affected the national GDP contribution to the economy sustainability. Therefore, the study recommends that the conceptual on the SMEs should focus operation of SMEs production and related businesses currently protective to the sustainable economy growth. It also recommends that Government should put in place strong and lasting infrastructure to ease activities of SMEs in Ekiti State.