THE CORRELATES OF IMPACT OF POST COVID-19 PANDEMIC ON SMALL AND MEDIUM ENTERPRISES (SMEs) PERFORMANCE IN JALINGO METROPOLIS, TARABA STATE.

Abstract

This study specifically identifies the impact of COVID-19 pandemic on the performance of SMEs business in Jalingo metropolis, Taraba state and providing recommendations on how their businesses can improve and perform effectively during this falling economy and the numerous challenges caused by the pandemic. The study adopted a quantitative research technique using data collection method through the administration of structured questionnaire and on 100 selected SMEs which were selected systematically to elicit insights into the effect of COVID-19 pandemic on their businesses. Findings from the analysis indicated that the COVID-19 pandemic’s effect includes loss of competent staff resulting from reduction in staff salary, low revenue or income generation, lack of patronage, and lack of sincerity on the part of government to reduce the prevalence of the pandemic. The SMEs are often faced with problems such as: inability to pay salaries, repay loans and rent. Most respondents suggested that government should introduce a well monitored and structured palliative schemes, poverty alleviation programs, reduced interest rates, relax loans and defer tax payments.