PERCEIVED EFFECT OF COVID-19 IN DEVELOPING ECONOMIES: LESSONS FROM NIGERIA, SOUTH AFRICA AND KENYA (original) (raw)

2021, Journal of Global Accounting

This paper, investigated the effect of Coronavirus disease 2019 (COVID-19) on developing Economy. The paper relied on secondary data and content analyses methodology to effectively examine the perceived effect of COVID-19 on the economy of selected African Countries such as Nigeria, South Africa and Kenya. Amidst the fall in household consumptions, investments by firms, and the fall in the global demand for commodities stemming from the pandemic, the paper suggests better ways of making the government policy as regards to economy effective. Hence, the extant literature reviewed that, given the size and scope of the economic impact of the pandemic, there is the need to implement other recovery strategies to stimulate demand. Therefore, we recommend that federal government should monitor and improve the efforts towards enhancing the efficiency and effectiveness of the implementation of fiscal and monetary policy measures issued by government. Keywords: Covid-19, African Economy, Financial Implication, Policy Response.

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