Covid-19 Pandemic, Lockdown Policy and the Economic Performance of a Developing Country

Authors

  • Sunday Oseiweh Ogbeide
  • Ayobami Kayode Adediran

Keywords:

Covid-19 Pandemic, Economic Performance, Lock Down Policy

Abstract

The research examined how Covid-19 and lock down policy influenced the economic
performance of Nigeria from 27th February 2020 to 31st March 2022. The study used index
cases such as total covid-19 cases, daily new cases, the total number of infected people, the
number of daily new fatalities from covid-19 cases, and lock down policy, proxy with
stringency index. The study used the descriptive statistics, correlation matrix and the
ordinary least squares (OL) multivariate regression method to analyze the data. Findings
from the analysis showed that active covid-19 cases, and daily new death from covid-19
cases had a positive but significant impact on the economic performance of Nigeria in the
reference period. Daily new covid-19 cases, active covid-19 cases and lock down policy
exerted a positive and significant effect on the economic performance of Nigeria also. The
study therefore recommended that the government of Nigeria should put up proactive policy
measures to combat future outbreak of new variant of the pandemic.

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Published

2023-11-21