Imapct of Covid 19 to the Economy of Nigeria

B.Sc. Adedeji Israel Adeboye, BSc

Master's thesis

Abstract:

Abstract Globally, agriculture provides living to one billion people and more and COVID-19 outbreak poses a grave consequences on global food security and supply chain as a result of some health safety measures. This study specific examined the impact of COVID-19 on Agric-food production; prices of Agricultural produce and farmers’ livelihood in Ogun state. The study surveyed 400 farmers and farm attendants across the 20 LGAs in Ogun State. The study employed both ordinary least square and binary logistic regression technique and found that Covid-19 pandemic had a negative and significant impact on farmer’s income, government support to the agriculture sector in terms of equipment and finances, and domestic credit to agriculture sector both had a positive and significant relationship with farmer’s income. The study concluded that contemporary farmers in Ogun state were well-learned married men with at least 6 to 10 years farming experience with average monthly income of 100,000 to 200,000 naira. Farmer’s income declined and consumption was reduced. Government support and domestic credit are one of the major sources to increases farmer’s income and welfare; farmers’ experience determines prices of agriculture output and covid-19 reduces farmer’s welfare. Keywords: Agriculture, Covid-19, pricing, Livelihood, Farmer,

Keywords

Agriculture, Covid-19, pricing, Livelihood, Farmer, ogun state, economy

Language used: English

Date on which the thesis was submitted / produced: 1. 4. 2022

Thesis defence

• Supervisor: doc. Ing. Vladimír Krepl, CSc.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management