IMPACT OF INFECTIOUS EPIDEMIC ON FINANCIAL SECTOR
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IMPACT OF INFECTIOUS EPIDEMIC ON FINANCIAL SECTOR
ABSTRACT
This study investigated the influence of an infectious outbreak on the financial sector using a case study of coronavirus illness. The goals of this study were to assess the prevalence of coronavirus sickness in Nigeria and to analyse its influence on Nigerian finance. The scope of the study is the Nigerian stock exchange.
The infectious illness transmission mechanism theory served as a framework. The research design employed in this study is a survey, and the population addressed is all Nigerian stock exchange participants across the country.
The sample size was 400, and the cluster sampling approach was used. This study’s instrument is a questionnaire. Data were acquired from original sources.
According to the data analysis, the level of coronavirus disease in Nigeria is average when compared to other nations, and coronavirus sickness has an impact on Nigeria’s financial sector.
Following the findings, it was proposed that steps be developed to slow the spread of the virus and a vaccination be developed in order to avoid additional financial dependence.
The government/individuals should establish a way to continue participating in financial activity. The study finds that coronavirus illness has a detrimental impact on the financial sector.
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