COVID-19 Pandemic and Economic Crisis: The Nigerian Experience and Structural Causes

Ozili, Peterson K

doi:10.2139/ssrn.3567419

Cited by 108 publications

(82 citation statements)

References 49 publications

(19 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…This Russian-perspective analysis of all the COVID19 anti-epidemic, administrative, and organizational measures revealed that several bottleneck inefficiencies. In other countries, ranging from Nigeria to Italy, similar health system vulnerabilities were exposed which require an effective solution in the medium term [40][41][42][43][44]. We proposed several measures aimed at ensuring the readiness of the administrative, sanitary, and anti-epidemic and for preparing the healthcare facilities for epidemics of infectious diseases: architectural-planning and construction-household solutions; modular medical equipment; organizing mobile diagnostic medical laboratories; the development of sanitary and hygienic recommendations for the self-isolation regime; medical and non-medical workforce reserve; reliability of information support in the media; international assistance to countries experiencing the most considerable difficulty in fighting the pandemic.…”

Section: Discussionmentioning

confidence: 99%

Organizational measures aiming to combat COVID-19 in the Russian Federation: the first experience

Решетников

Mitrokhin

Shepetovskaya

et al. 2020

Expert Review of Pharmacoeconomics & Outcomes Research

View full text Add to dashboard Cite

Background: Coronavirus infection (COVID-19) spreading took place in the Russian Federation in recent 10 months. Russia has a reliable and effective governmental public health infrastructure that worked at an advanced level to control the situation since the first day of receiving reports about pneumonia ofunknown etiology cases in December 2019 and the registration of the first COVID-19 cases in Wuhan, China, in January 2020. Several measures were applied (administrative, organizational, technical, sanitary, and hygiene), nevertheless, creating an adequate response to the COVID-19 pandemic was 15 a challenge for the Russian national public health authorities. Areas covered: We used official information of the Ministry of Health of the Russian Federation, Service for Surveillance on Consumer Rights Protection and Human Wellbeing (Rospotrebnadzor), the Russian Federation Government, and Moscow Government, and the official World Health Organization (WHO); the analysis was conducted between 1 December 2019 and 31 March 2020. Expert opinion: Rospotrebnadzor implemented a set of measures which comprised of three stages: 1. Stage 1 Preventive and sanitary measures; 2. Stage 2 Organizational and technical measures; 3. Stage 3 Organizational and preventive measures.

show abstract

Section: Discussionmentioning

confidence: 99%

Organizational measures aiming to combat COVID-19 in the Russian Federation: the first experience

Решетников

Mitrokhin

Shepetovskaya

et al. 2020

Expert Review of Pharmacoeconomics & Outcomes Research

View full text Add to dashboard Cite

show abstract

“…Only few African countries used large public funds to mitigate the effects of the coronavirus pandemic. Nigeria announced a NGN3.5trillion (US$9.1bn) coronavirus relief fund (Ozili, 2020). Gambia announced a D500million (US$9.8m) coronavirus relief fund.…”

Section: Angolamentioning

confidence: 99%

COVID-19 in Africa: socio-economic impact, policy response and opportunities

Ozili¹

2020

IJSSP

231

164

View full text Add to dashboard Cite

PurposeThis paper examines the socio-economic impact of COVID-19 and the policy response in African countries.Design/methodology/approachThis study uses discourse analysis to analyse the socio-economic impact of COVID-19 in Africa.FindingsThe findings reveal that African countries have been affected by the coronavirus pandemic, and the effect was more severe for African regions compared to other regions. The rising pandemic affected social interaction and economic activities through the imposed social distancing policies that have different levels of strictness in several African countriesPractical implicationsThe implication of the findings is that social policies can affect the social and economic well-being of citizens. Secondly, the coronavirus outbreak has revealed how a biological crisis can be transformed to a sociological subject. The most important sociological consequence of the coronavirus outbreak for African citizens is the creation of social anxiety among families and households in the region. The outbreak has also shown how vulnerable African societies are in facing health hazards. Policymakers should enforce social policies that unite communities in bad times, to reduce social anxiety.Originality/valueThis is the first paper that explore the socio-economic impact of coronavirus and the policy response in African countries.

show abstract

“…In Nigeria, COVID-19 case was officially identified on 27 th February 2020 and few more cases was identified after then (Effiong, et al 2020). The consequences of COVID-19 on the economy and financial markets in Nigeria are: economic lockdown of major cities (Abuja, Lagos, Ogun states) on 30 th March 2020 leading to economic loss especially for daily income earners from small-medium scale businesses, withdrawal of money by investors from the market and fall in oil prices (Ozili, 2020) and on the global economiy, the impact of the COVID-19 cannot also be overemphasized (Mckibbin and Fernando, 2020) because it can lead to huge external debt of any country.…”

Section: Introductionmentioning

confidence: 99%

On the Effects of COVID-19 outbreak on the Nigerian Stock Exchange performance: Evidence from GARCH Models

Adenomon¹,

Maijamaa²,

John³

2020

Preprint

View full text Add to dashboard Cite

COVID-19 was first identified in Wuhan, China in December 2019 and has caused huge death and has spread to almost all the parts of the world. There are speculation that most of the world economy and financial markets would be affected due to lockdown and social distancing. The first case of COVID-19 was first identified in Nigeria on 27th February 2020 and this study examines the effect of COVID-19 outbreak on the performance of the Nigeria stock exchange using historical data covering 2nd March 2015 to 16th April, 2020 sourced from a secondary source. This study considered the COVID-19 period from 2nd January 2020 to 16th April 2020, the results revealed a loss in stock returns and high volatility in stock returns under the COVID-19 period in Nigeria as against the normal period under study. In addition, Quadratic GARCH (QGARCH) and Exponential GARCH (EGARCH) models with dummy variable were applied to the stock returns shows that the COVID-19 has had negative effect on the stock returns in Nigeria. The study recommended that political and economic policy such as stable political environment, incentive to indigenous companies, diversification of the economy, flexible exchange rate regime be implemented so as to improve the financial market and to attract more and new investors to the Nigerian Stock Exchange.

show abstract

COVID-19 Pandemic and Economic Crisis: The Nigerian Experience and Structural Causes

Cited by 108 publications

References 49 publications

Organizational measures aiming to combat COVID-19 in the Russian Federation: the first experience

Organizational measures aiming to combat COVID-19 in the Russian Federation: the first experience

COVID-19 in Africa: socio-economic impact, policy response and opportunities

On the Effects of COVID-19 outbreak on the Nigerian Stock Exchange performance: Evidence from GARCH Models

Contact Info

Product

Resources

About