Bartik, Bertrand, Cullen, glaesser, Luca, and Stanton (2020), explored the impact

of COVID19 on small businesses, between march 28 and April 4, 2020. The

survey was carried out on more than 5800 businesses using experimental variation.
The finding revealed that there was massive layoff and closure just a few weeks
into the crisis, also the risk of closure was negatively associated with expected
length of the crisis.
Ogar, Okuta, Okon, and Odama (2021) assessed the socioeconomic impact of
COVID19 on small and medium scale business enterprises sustainability with
focus on Nigerian youths. The survey inferential method was adopted using a
multistage random sampling and accidental research, a sample size of 6000
respondents across the 36 states in Nigeria were selected for the study. Simple
percentage and Pearson product moment correlation analysis was used to analyze
the data. The findings revealed that 25 small and medium scale business
enterprises were categorized and used for the study, out of the 6000 respondents,
3791 respondents (63.2%) were males while 2209 (36.8%) were females. The
resukt of the findings showed that COVID19 pandemic has significant effect on
SME’s sustainability in Nigeria.
Aderemi, Ojo, Ifeanyi, and Efunbajo (2020) investigated the impact of COVID19
on selected small and medium enterprises in Nigeria. Qualitative/Primary data
were collected with the administration of structured set of questionnaires on 100
SME’s. The data collected from the questionnaires administered were analyzed using
appropriate tables. The findings revealed that the enterprises experienced moderate
reduction in production and sales during the lockdown, however there was a spike
reduction in operation and sales of SME’s which translated into cash-traps.
Teresiene, Staniuleniene, Liao, Kanapickiene, Pu, Hu and Yue (2021), studied the
impact of COVID19 pandemic on consumer and business confidence indicators in
Eurozone, United states and China. Consumer Confidence index, manufacturing
purchasing manager index and services purchasing manager index were employed
as dependent variable, while the number of cases confirmed, number of deaths
caused by COVID19 and the mortality rate of COVID19 infections were utilized
as the independent variables. Correlation-Regression Analysis method was used to
analyze the data collected. Overall, the result revealed that COVID19 showed a
relatively rapid and robust effect in the short period, but the longer term result was
unambiguous. In the case of the Eurozone, the spread of the COVID19 pandemic
did not affect the Consumer Confidence index (CCI), in the cases of United states
and China, COVID19 pandemic negatively affected the Consumer Confidence
index (CCI), also the purchasing manager index (PMI) in the services sector was
significantly negatively affected by the mortality risk of COVID19 Infections and
the result of the purchasing manager index (PMI) in the manufacturing industry
appear to be mixed.
Olufemi (2020) examined the impact and survival strategies for small and medium
scale enterprises during COVID19 crises in Nigeria. Quantitative research
technique was adopted for the study; 360 questionnaires were administered to SME
owners in Lagos state. 342 of the 360 were viable. The respondents observed that
the COVID19 pandemic impact include a reduction in revenue, reduced staff
salaries, and government not doing enough to curtail the spread of the pandemic.
Hope, Saidu and Success (2020), assessed the relationship between coronavirus
pandemic outbreak and firms’ performance in Nigeria. The survey research design
was adopted for the study. Data were sourced from questionnaires administered
online to owners of private businesses. The linear regression method was used to
analyze the data. The findings revealed that coronavirus pandemic harms firms’
performance in Nigeria.

References
Bartik A.W, Bertrand M, Cullen Z, Glaeser E.L, Luca M, & Stanton C (2020).
Impact of Covid19 on Small Businesses outcomes and expectations. PNAS
Scientific Journal