Abstract: COVID-19 has disrupted the economy of the world. The effect of the Pandemic has been devastating on the world's economy. This study examines the impact and survival strategies for Small and medium enterprises (SMEs) in Nigeria during the ongoing COVID-19 crises. The study adopted a quantitative research technique. Questionnaires were distributed to 360 SME owners in Lagos (60 each) in six commercial areas, namely Aspanda/Alaba, Surulere, Lagos Island, Ikeja, Ikoyi/Victoria Island and Yaba. 342 of the 360 questionnaires were viable. The respondents observed that the COVID-19 Pandemic's impact includes a reduction in revenue, reduced staff salaries, and government not doing enough to curtail the spread of the Pandemic. Significant problems faced by SMEs are the inability to repay loans, rent, and salaries. The respondents suggested that the government should lower interest rates, relax loan, and tax repayments
Keywords: COVID-19, Pandemics, Nigeria, Small businesses, Government Intervention
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