Analysis of post covid-19 pandemic crisis and Nigeria’s economy

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Abstract

Analysis of post covid-19 pandemic crisis and Nigeria’s economy. This research focused on the evaluation of post COVID-19 pandemic crisis and Nigeria’s economy using Warri metropolis as a case study. The sudden onset of the COVID-19 pandemic has resulted in a total economic lockdown of about 95% of the world economy.  The resultant effect of the COVID-19 lockdown has directly affected the economic activities of the Nigerian economy ranging from the compulsory closure of businesses and closing of airports, seaports and national borders. A random sample of 200 residents was administered questionnaires to and their responses were analyzed using the percentage and the chi-square test of independence. Findings from the study indicated that some individuals lost their job as a result of the pandemic lockdown, others lose their sources of income resulting from business shutdown as capital have been vanquished. In addition, Because of the harsh conditions that business owners were made to suffer due to the pandemic lockdown, one major resultant effect was that of sacking/dropping of workers since there is no income to get them paid monthly anymore. It is important to know that these workers that were dropped used to consider their job a been employed as a major source of their income which their household also depends on, but with the effect of being fired due to the lockdown effect, living conditions and survival is expected to become most wearisome for such individuals during the COVID-19 pandemic lockdown. Conclusively, COVID-19 pandemic lockdown affected the Nigerian economy significantly