Impact of COVID-19 Pandemic on Nigerian Exports
Impact of COVID-19 Pandemic on Nigerian Exports
Author(s): Uchendu Winifred Chinyere, Osman Nuri ArasSubject(s): National Economy, Supranational / Global Economy, International relations/trade, Health and medicine and law
Published by: SD Yayınevi
Keywords: Exports; International trade; COVID-19 pandemic; Nigeria;
Summary/Abstract: The paper set out to evaluate the impact of the COVID-19 pandemic on Nigerian exports. The Coronavirus was first detected in Wuhan, China but it quickly spread around the world and was declared a global pandemic on 11th March 2020 by the World Health Organization (WHO). Various disruptive preventive public health policies were rolled out to control its spread. These policies and the severity of the negative health effects of the virus affected the global economic activities including Nigeria adversely. Using an Ordinary Least Square (OLS) regression and variation analyses, the paper found that the pandemic impacted negatively on total exports but more significantly on crude oil exports and less on non-crude oil and non-oil exports. The results reinforce the generally held view that Nigeria needs to diversify its exports away from crude oil so as to minimize the impact of negative external shocks on Nigerian exports and economy.
Journal: Sosyal Araştırmalar ve Davranış Bilimleri
- Issue Year: 8/2022
- Issue No: 15
- Page Range: 222-238
- Page Count: 17
- Language: English