SOCIO-ECONOMIC EFFECTS OF COVID-19 LOCKDOWN ON MALE-OWNED INFORMAL BUSINESSES IN BOKKOS LGA, PLATEAU STATE, NIGERIA
Keywords:
lockdown, men-owned business, COVID-19, informal sector, small scale business.Abstract
This paper analysed the impact of Covid-19 lockdown on men-owned businesses in Bokkos Local Government Area of Plateau State, Nigeria. A survey design was adopted for the study and a sample size of 302 was selected using multi-stage sampling method. The research problems involved where to ascertain the level of damages experiences during the COVID-19 lockdown such as low patronage, low income generation, lost of social hunter and lost in businesses, as well as educational system of the male Using a “before, during and after approach”, the study revealed that the labour force of men-owned businesses represented by 88.9% declined significantly during the lockdown, whereas, after the lockdown, the labour force of men-owned businesses slightly increased. Level of patronage and volume of sale revealed that 55.6% of the businesses owned by men experienced large decrease in demand in their business as a result of Covid-19 lockdown. The change of prices as a result of Covid-19 lockdown reveals that majority of the men-owned businesses represented by 51% experienced large decrease in prices of goods and services. The result further revealed that 84.1% of the men-owned businesses in the area experienced a significant decrease of between 26–51% in their total revenue. Also, level of change in saving of men-owned businesses presented in the area shows that 63.6% of the businesses experienced decrease in savings. The study concluded that COVID-19 lockdown has had a significant impact on men-owned businesses in Bokkos Local Government Area of Plateau State, Nigeria. To mitigate the negative impact of the lockdown on these businesses, it is recommended that stakeholders focus on empowering men-owned enterprises, enabling them to rebuild and contribute to the local economy’s recovery.References
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