Effect of the Middle East Crisis (Iran Focus) on the Sustainability of Micro Businesses in Nigeria
Keywords:
Middle East Crisis, Iran, Micro Businesses, Nigeria, Economic Shocks, SustainabilityAbstract
The growing instability in the Middle East, particularly involving Iran, has continued to shape global economic dynamics with far-reaching implications for developing economies such as Nigeria. This paper examines the impact of the Middle East crisis on the sustainability of micro businesses in Nigeria. Adopting a review-based research model, the study synthesizes evidence from scholarly articles, policy reports, and credible media sources to analyze how geopolitical tensions influence oil prices, inflation, exchange rates, and supply chains, thereby affecting micro-enterprises. The findings reveal that rising fuel costs, inflationary pressures, currency depreciation, supply chain disruptions, and limited access to finance significantly constrain the operations of micro businesses. The paper concludes that while micro enterprises are highly vulnerable to global shocks, strategic policy interventions can enhance their resilience. Recommendations include improved access to finance, energy sector reforms, and strengthened institutional support for micro enterprises.
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Copyright (c) 2026 Tessy Owojipu AMANA, Nkesi Faith Amadi, Akachukwu Loveday ORIAKU
This work is licensed under a Creative Commons Attribution 4.0 International License.
