MA 31 NIGERIA-CHINA TRADE: THE CORONAVIRUSES CHALLENGES AND BENEFITS

NIGERIA-CHINA TRADE: THE CORONAVIRUSES CHALLENGES AND BENEFITS



AKYUZ, Murat
Department of Business Administration Nile University of Nigeria, Abuja, Nigeria

OPUSUNJU, Michael Isaac
Department of Business Administration Nasarawa State University, Keffi, Nigeria

INIM, E. Victor
Department of Accounting Nile University of Nigeria, Abuja, Nigeria
 


AbstractThe study examined the challenges and benefits of coronavirus for Nigeria –China in trade relations. The study adopted an ex-post-facto research design. The study used February, March, and April 2020 as the period of study. The study collected data from world health organizations and report from Nigeria center for disease control, Abuja. The study used a t-test to ascertain the country that faced more challenges of the coronavirus and the one had benefited from coronavirus spread. The study also used descriptive statistics and charts to analyze the data collected. The study found that the coronavirus in Nigeria posed a challenge such as an increase in the number of infected persons while the number of infected persons in China had recorded at a very low rate during this period. The coronavirus in Nigeria posed a challenge such as an increase in death in China and also Nigeria started to experience an increase in the death of infected persons at a very low rate. The Chinese government has benefited from Nigeria because they are the producers of ventilators, face, and surgical masks used in Nigeria. Nigerian government imported ventilators from China since the country cannot produce effective and modern medical equipment that can be used in fighting the outbreak of the coronavirus. The study also found that the Nigerian government had lost from the export of petroleum products since there is less demand for petroleum products in China and other countries of the world. This is because there is a lockdown of economic activities in Nigeria and China. The study recommended that the Nigerian government should continue in the fight to stop the spread of coronavirus in the country since it has reduced the economic activities in the country. The Chinese government should continue in its policies since the number of infected persons in China had a very low rate. The Nigerian government should continue in the lockdown policy, washing of hand and wearing face masks since it reduces the number of death in the country. China should continue to export ventilators and masks to Nigeria since it is beneficial to them and they should continue to manufacture them and export to other countries of the world.

Keywords: Corona Virus, number of infected persons, number of death, Challenges, Benefits, trade relations




Akyuz, M., Inim, E. V., & Opusunju, M. I. (2020, April). Nigeria-China Trade: The Coronaviruses Challenges And Benefits. International Journal in Management and Social Science, 8(4), 113-129. Retrieved from http://ijmr.net.in

https://drive.google.com/open?id=1rdcSwpNFBI7FvDgc2KICFnvP7j_atiag 

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