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Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes

The study examined the impact of COVID-19 on economic growth in Nigeria: Opinions and attitudes. The purpose was to ascertain respondents' perception of the effect of the COVID-19 pandemic on economic growth in Nigeria. The cross-sectional survey research design was employed and a mix-method wa...

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Detalles Bibliográficos
Autor principal: Inegbedion, Henry
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8180604/
https://www.ncbi.nlm.nih.gov/pubmed/34136671
http://dx.doi.org/10.1016/j.heliyon.2021.e06943
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author Inegbedion, Henry
author_facet Inegbedion, Henry
author_sort Inegbedion, Henry
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description The study examined the impact of COVID-19 on economic growth in Nigeria: Opinions and attitudes. The purpose was to ascertain respondents' perception of the effect of the COVID-19 pandemic on economic growth in Nigeria. The cross-sectional survey research design was employed and a mix-method was used in collecting the research data. Content validity index and face validity served to validate the research instrument while Cronbach alpha was used to assure its reliability. The secondary data were analysed using percentage changes while the primary data were analysed using a one-sample t-test and least-squares method. Results of the respondents’ opinion indicated that the COVID-19-induced lockdown has significantly constrained economic activities and the circular flow of income. Lastly, the perceived reduction in the circular flow of income in the wake of the COVID-19 lockdown has negatively impacted on economic growth in Nigeria. The need for policymakers to take drastic measures to curtail the pandemic and forestall a recession that may be consequent upon the pandemic was suggested, among others.
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spelling pubmed-81806042021-06-15 Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes Inegbedion, Henry Heliyon Research Article The study examined the impact of COVID-19 on economic growth in Nigeria: Opinions and attitudes. The purpose was to ascertain respondents' perception of the effect of the COVID-19 pandemic on economic growth in Nigeria. The cross-sectional survey research design was employed and a mix-method was used in collecting the research data. Content validity index and face validity served to validate the research instrument while Cronbach alpha was used to assure its reliability. The secondary data were analysed using percentage changes while the primary data were analysed using a one-sample t-test and least-squares method. Results of the respondents’ opinion indicated that the COVID-19-induced lockdown has significantly constrained economic activities and the circular flow of income. Lastly, the perceived reduction in the circular flow of income in the wake of the COVID-19 lockdown has negatively impacted on economic growth in Nigeria. The need for policymakers to take drastic measures to curtail the pandemic and forestall a recession that may be consequent upon the pandemic was suggested, among others. Elsevier 2021-05-06 /pmc/articles/PMC8180604/ /pubmed/34136671 http://dx.doi.org/10.1016/j.heliyon.2021.e06943 Text en © 2021 The Author https://creativecommons.org/licenses/by-nc-nd/4.0/This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
spellingShingle Research Article
Inegbedion, Henry
Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title_full Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title_fullStr Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title_full_unstemmed Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title_short Impact of COVID-19 on economic growth in Nigeria: opinions and attitudes
title_sort impact of covid-19 on economic growth in nigeria: opinions and attitudes
topic Research Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8180604/
https://www.ncbi.nlm.nih.gov/pubmed/34136671
http://dx.doi.org/10.1016/j.heliyon.2021.e06943
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