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Economic Effect Of Covid-19 Pandemic Lockdown Measures On Business Activities In Nigeria

Author

Listed:
  • Hadiza Saidu, Abubakar,

    (Department of Business Administration)

  • Suleiman A. S., Aruwa,

    (Department of Accounting)

Abstract

COVID-19 pandemic came with containment lockdown measures such as business closure, restriction of movement, and all economic services except those that were considered essential. This paper seeks to examine the economic effect of the COVID-19 lockdown measures on business activities in the Nigeria. The study takes a developing country perspective. Exploratory examination was undertaken considering four aspects of business activities, which are the business strategy, financing and human resource policy. COVID-19 lockdown has portends significant negative effect on business activities. The Board and Management need to rethink business strategy, financing options and human resource policy as a business continuity plan to ensure business survival.

Suggested Citation

  • Hadiza Saidu, Abubakar, & Suleiman A. S., Aruwa,, 2020. "Economic Effect Of Covid-19 Pandemic Lockdown Measures On Business Activities In Nigeria," Journal of Forensic Accounting & Fraud Investigation (JFAFI), Association of Forensic Accounting Researchers (AFAR), vol. 5(1), pages 256-290, January -.
    • Handle: RePEc:ris:jfaafi:0022
    as

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    References listed on IDEAS

    as
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    5. Callum Jones & Thomas Philippon & Venky Venkateswaran, 2021. "Optimal Mitigation Policies in a Pandemic: Social Distancing and Working from Home [A simple planning problem for covid-19 lockdown]," The Review of Financial Studies, Society for Financial Studies, vol. 34(11), pages 5188-5223.
    6. Farboodi, Maryam & Jarosch, Gregor & Shimer, Robert, 2021. "Internal and external effects of social distancing in a pandemic," Journal of Economic Theory, Elsevier, vol. 196(C).
    Full references (including those not matched with items on IDEAS)

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