COVID-19 PANDEMIC: NIGERIA’S ECONOMIC AND BUSINESS DISRUPTIONS

• Main Authors: Akpoveta, , Onajite Alexandra, Ochuko Joy, Ochuko Joy
• Format: Article in Journal/Newspaper
• Language: English
• Published: Multimeans Media International 2020
• Subjects: Antarc*; Antarctica
• Online Access: https://www.theinterscholar.org/journals/index.php/isjassr/article/view/45; https://doi.org/10.2705/isjassr.v2i4.45

This study explores the financial, economic and business implications of Covid-19 on the Nigerian State. In December 2019 the world has come to know a new virus now termed coronavirus, which causes the disease named COVID-19. It affected mainland China mostly and has spread to all continents of the world except Antarctica. Studies thus far have shown that the virus origination is in connection to a seafood market in Wuhan, but specific animal associations have not been confirmed. Reported symptoms include fever, cough, fatigue, pneumonia, headache, diarrhea, hemoptysis, and dyspnea. Preventive measures such as wearing of masks, hand washing hygiene practices, avoidance of public contact, case detection, contact tracing, and quarantines have been discussed as ways to reduce transmission. Currently, there is no specific antiviral treatment or vaccine that has proven effective; hence, infected people primarily rely on symptomatic treatment and supportive care. The rapid outbreak of the COVID-19 presents an alarming health crisis that the world is grappling with. In addition to the human impact, there is also significant economic, business and commercial impact being felt globally. As viruses know no borders, the impacts will continue to spread. This research adopted descriptive survey design and has collated and painstakingly analyzed updatedinformation on Covid-19 pandemic and the various response measures by stakeholders. In fact, from the findings, the economy and businesses in Nigeria have been impacted and are already seeing Covid-19 disruptions.