THE IMPACT OF INFECTIOUS EPIDEMICS on the Financial Sector: A Case Study of Coronavirus
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ABSTRACT
In the course of this research project, an empirical investigation on the influence infectious epidemics have on the financial industry was carried out using the Corona virus as a case study. The purpose of this research was to analyze the prevalence of coronavirus disease in Nigeria as well as the effect that disease has had on the country’s economy. The Nigerian stock market will serve as the focus of this investigation. As a guiding theoretical framework, the infectious illness transmission mechanism theory was utilized. The kind of research that was used for this study was a survey, and the demographic that was targeted for this study was all of the people that participated in the Nigeria stock exchange across the country. The sample size was determined to be 400 people, and the cluster sampling method was employed for the research. The questionnaire is the instrument that was utilized for this study. The data obtained came from first-hand accounts and observations. The findings demonstrate that the level of coronavirus disease in Nigeria is average when compared to other countries. However, the level of coronavirus disease does have an effect on the level of the financial sector in Nigeria. The analysis of the data shows these conclusions. As a result of the findings, it was suggested that steps be taken to prevent the further spread of the virus and that a vaccine be developed. Additionally, in order to avoid any further dependence on money, it was suggested that the government and individuals come up with a way to continue their involvement in financial activities. The findings of this study indicate that the financial industry is negatively impacted by the coronavirus sickness.
THE IMPACT OF INFECTIOUS EPIDEMICS on the Financial Sector: A Case Study of Coronavirus
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