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

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

ABSTRACT

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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