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    Nigeria: Government Covid-19 Interventions to Promote Inclusive Adaptation and Economic Recovery

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    Date
    2022-11
    Author
    Mitik Beyene, Lulit
    Adenikinju, Adeola
    Decaluwe, Bernard
    Omoju, Oluwasola E
    Akanded, Abiola
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    Abstract
    The Covid-19 pandemic has been a major and global public health challenge. Like every other country, Nigeria has suffered huge human and economic losses. About 87,607 cases of Covid-19 and 1,289 deaths had been reported by 31 December 20201. The Nigerian economy shrank by 1.8% in 2020, mainly as a consequence of the effects of the pandemic. In addition, the unemployment rate rose from 23.1% in the third quarter of 2018 to 27.1% in the second quarter of 2020, according to the National Bureau of Statistics (NBS). Different sections of Nigerian society were affected in different ways. In particular, the informal sector and small and medium-sized enterprises (SMEs) were the most affected, as well as poor households (NBS, 2021). The pandemic also had a disproportionate impact on women (UN, 2020). To mitigate the negative economic effects of the pandemic, the Nigerian Government implemented monetary and fiscal policies, as well as income support policies and programmes to safeguard the most vulnerable economic groups. These interventions translated to increased government expenditure, a decline in government revenue (as a result of lower demand for crude oil exports) and a growth in the government budget deficit and public debt.
    URI
    https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/17972
    Citation
    Mitik Beyene, L.; Adenikinju, A.; Decaluwe, B.; Omoju, O. and Akanded, A. (2023) 'Nigeria: Government Covid-19 Interventions to Promote Inclusive Adaptation and Economic Recovery', PEP Policy Brief 250, Nairobi: Partnership for Economic Policy (PEP)
    Is part of series
    PEP Policy Brief;250
    More details
    https://www.pep-net.org/findings/nigeria-government-covid-19-interventions-promote-inclusive-adaptation-and-economic-recovery
    Rights holder
    © 2023 Partnership for Economic Policy (PEP). All rights reserved
    Rights details
    https://www.ids.ac.uk/wp-content/uploads/2021/05/Latest_IDSOpenDocs_ExternalDocuments2020.pdf
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    • Supporting essential economic activity - protecting informal businesses, small producers and women workers [143]

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