COVID-19: A Situation Analysis of Nigeria’s Economy

Abere, O. J., Survival Analysis of Novel Corona Virus (2019-Ncov) Using Nelson Aalen Survival Estimate. International Journal 0f Business Education and Management Studies. Vol. 3. Issue 1. P30-40, 2020

6 Pages Posted: 20 Apr 2020

See all articles by Ime Robson Nseobot

Ime Robson Nseobot

Akwa Ibom State Polytechnic

Mansoor Ahmed Soomro

Department of Business Administration, University of Sindh, Jamshoro; University of Sindh - Institute of Business Administration

Anietie Imo Effiong

Delcanimoff Integrated Services

Ghulam Muhiyuddin Solangi

Shaheed Benazir Bhutto University Shaheed Benazirabad

Masifon Idongesit

Family Health Initiative

Farhan Ali Soomro

S.A.L University (Shah Abdul Latif University) - Department of Public Administration

Date Written: 2020

Abstract

The study examined the relationship between COVID-19: a Situation Analysis of Nigeria’s Economy. To carry out this study, one specified research objective was set in which the null hypothesis was formulated and used for the study. The research design for this study is an Export Facto design. Data for the study was extracted from government official documents and they were subjected to The Philip Peron (PP) test analysis using Bartlett-kernel procedure to determine the bandwidth for the test. The study concluded that in the long-run, impact of COVID-19 on Nigeria's economy is positive as expected, indicating that a unit decrease in oil price as a result of the COVID-19 increases Nigeria’s economy stress by 0.005 units. The result is also statistically significant. And also recommended that the government should intensify efforts to curb the spread and effect of the virus to promote a healthy environment where economic activities can continue. A moratorium should be given to some SMEs, industries, and businesses to help their business sprout again, because some of them have used the business working capital/operational cost for family feeding during the lock-down. The government can give interest-free loans to help some stressed businesses swing into operation.

Keywords: COVID-19; Pandemic; Virus; Nigeria; Economy

Suggested Citation

Nseobot, Ime Robson and Ahmed Soomro, Mansoor and Ahmed Soomro, Mansoor and Effiong, Anietie Imo and Muhiyuddin Solangi, Ghulam and Idongesit, Masifon and Ali Soomro, Farhan, COVID-19: A Situation Analysis of Nigeria’s Economy (2020). Abere, O. J., Survival Analysis of Novel Corona Virus (2019-Ncov) Using Nelson Aalen Survival Estimate. International Journal 0f Business Education and Management Studies. Vol. 3. Issue 1. P30-40, 2020, Available at SSRN: https://ssrn.com/abstract=3578149

Ime Robson Nseobot

Akwa Ibom State Polytechnic ( email )

Ikot Osurua, Ikot Ekpene
Nigeria

Mansoor Ahmed Soomro

Department of Business Administration, University of Sindh, Jamshoro ( email )

Kairpur, KY Sindh 66020
Pakistan
+923338055558 (Phone)

University of Sindh - Institute of Business Administration ( email )

Jamshoro, 76080
Pakistan

Anietie Imo Effiong (Contact Author)

Delcanimoff Integrated Services ( email )

No. 2 Barracks Road
Uyo, Akwa Ibom State 520001
Nigeria
+2347037599895 (Phone)

Ghulam Muhiyuddin Solangi

Shaheed Benazir Bhutto University Shaheed Benazirabad

Pakistan

Masifon Idongesit

Family Health Initiative

Nigeria

Farhan Ali Soomro

S.A.L University (Shah Abdul Latif University) - Department of Public Administration

Kairpur, KY
Pakistan

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