Description
A critical analysis of the effect of Covid-19 lockdown on importation of goods in Nigeria (a study of Delta state).
Abstract
COVID-19 pandemic has brought difficult situations for citizens of nations across the world. The impact, however, may be more severe for others in the Third World Countries, who are in desperate situations and whose conditions may well further deteriorate if not put into consideration. While this pandemic affects different dimensions of life and society in general, this paper examines the impact of the outbreak COVID-19 pandemic on the Nigerian Economy and analyzes the need for mitigation measures of this pandemic. The research methodology of this paper reviews secondary data which were collected through various magazines, articles, newspapers and published journals. The study focuses on survey research design and the sample design selected for this study which was illustrative. This study observed that COVID-19 is affecting the Nigerian economy through loss of jobs and other incomes, gradual recession and deterioration of public financial and private business sectors of the nation. The study discovers that for the recovery of the economy, certain mitigation measures and policy interventions must be administered, which include health and social protection, fiscal policy and financial, industrial and trade policies. Therefore, the expected outcomes from the administration of the policy instruments would be a reduction in human suffering and the enhancement of the recovery of the economy from bankruptcy and recession.
Brilliantng –