Effect of Coronavirus Pandemic (Covid 19) on Nigerian Economy: A study of Tummy-Tummy Noodles Producing Firm in Kaduna, Nigeria

Abstract

In Africa, the rate at which the incidence of co-vid 19 pandemic is escalating is alarming. Despite efforts made to reduce it through quarantines, lockdown, social/physical distancing and other measures by the Government, yet it is still on the rise especially in Nigeria. The research design adopted for this study is the descriptive design; while structured questionnaire was administered to raise data meant for empirical analysis. Findings from the study showed that Co-vid 19 has a positive and significant effect on Nigerian economy. In addition, Lockdown measure has a significant influence on economic activities of the firms in Nigeria. However, social / physical distancing was discovered to have an insignificant effect on the growth of the firms in Nigeria. Based on these findings, the study recommends that building situational awareness will require sustained investment in infectious disease surveillance, crisis management, and risk communications systems. Investments in these capacities are likely to surge after pandemic or epidemic events and then abate as other priorities emerge. If further recommends that Governments should avoid sweeping and overly broad restrictions on movement and personal liberty, and only move towards mandatory restrictions when scientifically warranted and necessary and when mechanisms for support of those affected can be ensured. This would enhance fast reduction of the spread, restores economies and businesses as well as the standard of living in the country.