M. Ojide, Chigozie O. Agu, Precious Ohalete, Emmanuel Chinanuife
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Nigerian economic policy response to COVID‐19: An evaluation of policy actors' views
Abstract COVID‐19 has caused economic hardship globally. Several economies are making efforts to cushion these negative effects. Following the lockdown and downward trend of global oil prices, the Nigerian economy has been hard hit. This paper sheds light on policy actors' views vis‐à‐vis what should be the economic policy response of the Nigerian government to cushion the effects of COVID‐19 and ensure quick economic recovery. A multistage random sampling method was used to select and interview 635 policy actors drawn from academia/research institutes, civil society organizations, development partners, international NGOs, national NGOs, the private sector, and the public sector. The study adopted a participatory development approach. Descriptive and deductive analysis methods were used. The results support direct cash transfers to households, and small and medium scale enterprises (SMEs) as the policy option that would have huge impact in mitigating the economic effects of COVID‐19 in Nigeria. The second most recommended policy option is the eradication of corruption among government officials. The paper recommends that pragmatic actions towards eradicating corrupt practices among government officials should be an integral part of any economic recovery policy in Nigeria and other emerging economies.
期刊介绍:
Poverty is worldwide, but empirical studies of poverty, income distribution, and low-income aid programs for citizens have thus far been more common in America, Canada, Australia, and the major industrial nations of Europe. American and Canadian studies of poverty, income issues, and social welfare programs have, to an extent, been insular in scope. Poverty & Public Policy (PPP) is a global journal. In much of the world, including Central and South America, Africa, the Middle East and much of Asia, there are important studies of poverty, income and aid programs; little has been integrated into the scholarly literature, however, which is an oversight this journal aims to correct. Poverty & Public Policy publishes quality research on poverty, income distribution, and welfare programs from scholars around the globe. PPP is eclectic, publishing peer-reviewed empirical studies, peer-reviewed theoretical essays on approaches to poverty and social welfare, book reviews, data sets, edited blogs, and incipient data from scholars, aid workers and other hands-on officials in less developed nations and nations that are just beginning to focus on these problems in a scientific fashion.