International Journal of Advances in Engineering and Management (IJAEM) Volume 3, Issue 5 May 2021, pp: 588-593www.ijaem.net ISSN: 2395-5252 DOI: 10.35629/5252-0305588593 Impact Factor value 7.429 | ISO 9001: 2008 Certified Journal Page 588 The Effect of Covid 19 on the Financial Performance of Micro Small and Medium Enterprises in Yobe State: Way Forward For Sustainable Development. Maina Mohammed Geidam 1 , Hassan Dauda Yahaya 2 and Shuaibu Ahmed Gasamu 3 1 Department of Public Administration , Mai Idris Alooma Polytechnic Geidam 2 Department of Accountancy, Mai Idris Alooma Polytechnic Geidam, 3 Department of Marketing Federal Polytechnic Damaturu --------------------------------------------------------------------------------------------------------------------------------------- Submitted: 01-05-2021 Revised: 10-05-2021 Accepted: 12-05-2021 --------------------------------------------------------------------------------------------------------------------------------------- ABSTRACT :This study will Examine the effect of COVID - 19 on the Financial performance of Micro Small and Medium Scale Enterprises in Yobe State:Way forward for Sustainable Development. However, the study may explore the effects of COVID-19 crisis has on micro small and medium-sized enterprises (MSMEs) in terms of financial performance.Theeffects COVID-19 crisis has for existing small and medium-sized enterprises (SMEs) in terms of their ability to maintain staffing levels, avoid cash-flow problems and prevent widespread bankruptcies in the wake of the lockdown are tremendous (Organization for Economic Co-operation and Development (OECD), 2020. Therefore, SMEs are severely hurt from year 2019 to date, they are unable to service their clients, to pay salary to their employees and be compliant to their commitment with their suppliers. Consequently, many small and medium sized enterprises are expected to go out of business during and after covid-19. Similarly, there is need for government to take proactive measures in term of logistical support and financial stimulus for MSMES to caution the negative impact of COVID 19. The study also found that COVID 19 have a significant impact on the financial performance of MSMES. Seemingly, there are institutional support through the provision of covid 19 survival fund for MSMES to build resilience. Key words:COVID-19,MSMES, Financial performance, Sustainable and Development I. INTRODUCTION MSMEs of all types have experienced immediate effects of the lockdowns on their activities. Specifically, on the supply side, stand- alone SMEs have faced considerable logistical issues. However, while reduced capacity utilization represents one key challenge, demand-side effects pose a more severe threat. Indeed, most consumer- focused, stand-alone SMEs operate in industries characterized by an elastic demand. With consumers facing employment uncertainties and financial constraints, many of these SMEs have experienced a sudden decline in demand. Nevertheless, consumers have been better off during the COVID-19 era. This is because spending has decreased because of the decrease in social activities, commuting, and increase in the number people eating at home. Of course, the impact on the performance of SMES is overwhelming. A report by Eurostat (2020) However, from December,2019 Nigeria is also facing COVID 19 pandemic. The pandemic has negative impact on businesses globally (Sansa, 2020; Ruiz Estrada et al., 2020)seemingly, due to MSMES size and ownership structure, they also generally struggle with profitability and liquidity, thus becoming particularly vulnerable to external shocks (European Commission 2019). In fact, crises such as the COVID-19 pandemic are more likely to have an unwarranted effect on SMEs (Laufs and Schwens 2014; OECD 2009), given their limited resources (human, financial and technical) compared to large firms (Martin et al. 2019; Narula 2004). II. OBJECTIVE (S) OF THE STUDY This study is to achieve the following objectives: (a) To determine the extent to which COVID 19 affected the financial performance of Micro Small and Medium Enterprises in Yobe State. (b) To examine and provide alternative sources of finance for MSMEs survival. (c) To Enlighten the MSMEs about their business environment.