Abstract

The Covid-19 Pandemic has adversely impacted the world economy, including those of Economic Community of West African States (ECOWAS). The border closures, lockdowns and social distancing have, to a varying degree, affected economic activities negatively. These include, among others, the loss of lives, jobs, outputs and national incomes. But how and when to begin to maintain some levels of economic activities amidst increasing infection rate, death rate, and hospitalization rate is a major issue of disagreement between health experts, political leaders and economists.
 In this article, therefore, we shall attempt to illustrate a pathway towards the reopening of economic activities in a corona virus economy or community, following a graphic explanation of the virus infection rate over a period of time which resembles the English small letter 'n'.

Highlights

  • The Coronavirus Pandemic has adversely affected the movement of people, goods and services across borders within the Economic Community of West African States (ECOWAS) region and beyond

  • ECOWAS agreed to a coordinated increase in testing with more capacity building in order to limit the impact of the pandemic within the region

  • From the foregoing, we observe that the Coronavirus Pandemic has adversely impacted the ECOWAS member countries and the economy of the region due to border closures and lockdowns, inhibiting the movement of people and goods across national boundaries within ECOWAS REGION and beyond

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Summary

INTRODUCTION

The Coronavirus Pandemic has adversely affected the movement of people, goods and services across borders within the Economic Community of West African States (ECOWAS) region and beyond. Before the end of May, 2020, Nigeria alone recorded more than 5,959 infection cases, notwithstanding the per capita implications in terms of population size This is an indication that the Covid-19 Pandemic is rising exponentially within the region. ECOWAS agreed to a coordinated increase in testing with more capacity building in order to limit the impact of the pandemic within the region To this end, the union member states are committed to allocating a minimum of 15 per cent of their annual budget to strengthen health care services within the region. This has accounted for the lack of the required health care infrastructure to enable the region meet the basic requisites towards fighting the Covid-19 pandemic in the region

THE n-CURVE HYPOTHESIS and COVID-19 INFECTION RATE
N-CURVE AND THE REOPENING of ECONOMIC ACTIVITIES
SUMMARY
RECOMMENDATION
Findings
CONCLUSION
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