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An empirical investigation of the impact of Covid-19 on the Nigerian economy

 Department: Mathematics and Statistics  
 By: usericon kruskalstat  

 Project ID: 4711
   Rating:  (5.0) votes: 1
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   Price:₦3000
Abstract
The study seeks to examine the impact of COVID-19 Nigeria society using Oghara metropolis as a case study. In this study, data were obtained from field surveys on prices of common commodities in Oghara. Data were also sourced from the National Bureau of Statistics, Central Bank of Nigeria and the National Centre for Disease and Control for data on cases of COVID-19, crude oil price, inflation and exchange rate. The survey data were evaluated using index numbers whiles the secondary data were analyzed using the regression technique. The result of using the index number technique revealed that the price rice increased with about 78.9%, 70% for garri, 68.8% increase in beans, 66.7% increase for egg, 62.5% for butter, 60% increase on the price of Tin tomatoes, 57.1 for Milo, 50% for palm oil and melon, 44.4% for the price of bread, 34.4% increase on groundnut oil price, 20% on frozen chicken, 16.7% increase on noodles, 15.8% increase on the price of peak milk while Spaghetti price increased with about 13.6% during the pandemic period. The result of the regression analysis revealed that the COVID-19 pandemic has no significant impact on the National inflation rate, exchange rate, and the price of crude oil. It was concluded the price changes of common household commodities have affected the living conditions of residents in Oghara metropolis during the COVID-19 pandemic period....
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