AN ASSESSMENT OF THE EFFECT OF COVID-19 LOCKDOWN AND POS AVAILABILITY IN NIGERIA

ABSTRACT: The aim of the study is to ascertain the effect of Covid-19 lockdown and POS availability in Nigeria using Anambra as case study.Survey research design was adopted for study and with the of  convenient sampling method the researcher enrolled 36 POS operators in selected business centre in Akwa, Anambra State. Well structure questionnaire was issued to the enrolled participant out of which 30 were retrieved and validated for the study. Data was analyzed using frequencies and tables which provided answers to the research questions.Findings from the study revealed that the covid-19 lockdown to an extent  affected those in POS business as they were unable to assess funds for their business since they run third party services. More so, findings revealed that  POS business centers did not play significant role in limiting the challenge of fund availability for Nigerians during the Covid-19 Lockdown even though they did it, it was minimal. The researcher therefore recommends that In the case of world crises and emergency break out, the government should be proactive in giving some allowance for financial institution to serve their client knowing that without money circulation, citizens cannot survive because they need to purchase items to meet their daily needs.