The Damages Caused by Global Covid-19 Pandemic on Human Health and the Effect on Financial and Economic Bantiquism in the Country.
(a Case Study on the Covid-19 Pandemic in Nigeria)
CHAPTER ONE
Objective of the study
The objectives of the study are;
- To ascertain the damages caused by COVID19 to human health
- To ascertain the damages caused by COVID19 to Nigeria financial sector
- To ascertain the damages caused by COVID19 to Nigeria economy
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Coronavirus
Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.
Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.
The best way to prevent and slow down transmission is be well informed about the COVID-19 virus, the disease it causes and how it spreads. Protect yourself and others from infection by washing your hands or using an alcohol based rub frequently and not touching your face.
The COVID-19 virus spreads primarily through droplets of saliva or discharge from the nose when an infected person coughs or sneezes, so it’s important that you also practice respiratory etiquette (for example, by coughing into a flexed elbow).
At this time, there are no specific vaccines or treatments for COVID-19. However, there are many ongoing clinical trials evaluating potential treatments. WHO will continue to provide updated information as soon as clinical findings become available
SUBJECT IN FOCUS: Origin of the severe acute respiratory syndrome coronavirus-2 (SARS-CoV-2), the virus causing COVID-19
The first human cases of COVID-19, the disease caused by the novel coronavirus causing COVID-19, subsequently named SARS-CoV-2 were first reported by officials in Wuhan City, China, in December 2019. Retrospective investigations by Chinese authorities have identified human cases with onset of symptoms in early December 2019. While some of the earliest known cases had a link to a wholesale food market in Wuhan, some did not. Many of the initial patients were either stall owners, market employees, or regular visitors to this market. Environmental samples taken from this market in December 2019 tested positive for SARS-CoV-2, further suggesting that the market in Wuhan City was the source of this outbreak or played a role in the initial amplification of the outbreak. The market was closed on 1 January 2020. SARS-CoV-2 was identified in early January and its genetic sequence shared publicly on 11-12 January.
CHAPTER THREE
RESEARCH METHODOLOGY
Research design
The researcher used descriptive research survey design in building up this project work the choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought the damages caused by global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country.
Sources of data collection
Data were collected from two main sources namely:
(i)Primary source and
(ii)Secondary source
Primary source:
These are materials of statistical investigation which were collected by the research for a particular purpose. They can be obtained through a survey, observation questionnaire or as experiment; the researcher has adopted the questionnaire method for this study.
Secondary source:
These are data from textbook Journal handset etc. they arise as byproducts of the same other purposes. Example administration, various other unpublished works and write ups were also used.
Population of the study
Population of a study is a group of persons or aggregate items, things the researcher is interested in getting information the damages caused by global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country.200 staffs of CBN in Abuja was selected randomly by the researcher as the population of the study.
CHAPTER FOUR
PRESENTATION ANALYSIS INTERPRETATION OF DATA
Introduction
Efforts will be made at this stage to present, analyze and interpret the data collected during the field survey. This presentation will be based on the responses from the completed questionnaires. The result of this exercise will be summarized in tabular forms for easy references and analysis. It will also show answers to questions relating to the research questions for this research study. The researcher employed simple percentage in the analysis.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain The Damages caused by global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country
Summary
This study was on The Damages caused by global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country. Three objectives were raised which included:To ascertain the damages caused by COVID19 to human health, to ascertain the damages caused by COVID19 to Nigeria financial sector and to ascertain the damages caused by COVID19 to Nigeria economy. In line with these objectives, two research hypotheses were formulated and two null hypotheses were posited. The total population for the study is 200 staffs of CBN in Abuja. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made HRMs, economist, administrative staffs and junior staff were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
This paper analyzed The Damages caused by global covid-19 pandemic on human health and the effect on financial and economic bantiquism in the country. It showed that the spillover of Covid19 pandemic into Nigeria coupled with declining oil price, which were external shocks, caused the economic crisis in Nigeria in 2020. The structural problems in Nigeria at the time prolonged the economic crisis. The scope and severity of the economic crisis is a clear signal that growth and development reforms are needed in Nigeria. In retrospect, the Nigerian government was wise to use fiscal and monetary stimulus package as a partial solution to revive falling aggregate demand during the outbreak. It used public money to slow the rate of business closures and the spread of coronavirus, though some of the policy response have been inefficient.
Recommendation
Fighting against COVID-19 spreading, including sharing the information of the disease transmission and epidemiological knowledge, sharing the experiences on case management and treatment approaches both for severe cases or light symptoms, and sharing new technologies or strategies to contain the transmission.
References
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