Table 2.
Factors that let the COVID-19 situation dreadfully affect the Nigerian economy
| S/N | Some of the factors which let the COVID-19 situation dreadfully affect the Nigerian economy | SA | A | U | D | SD | Total | Mean | S/D |
|---|---|---|---|---|---|---|---|---|---|
| 8 | The failure of the government to diversify the Nigerian economy from oil | 268 | 62 | 0 | 14 | 0 | 1616.8 | 4.42 | 0.07 |
| 78% | 18% | 0% | 4% | 0% | |||||
| 9 | The high cost of business startup and operation in Nigeria | 330 | 7 | 0 | 7 | 0 | 1692.48 | 4.62 | 0.03 |
| 96% | 2% | 0% | 2% | 0% | |||||
| 10 | The lack of financial support for businesses in Nigeria | 230 | 69 | 0 | 45 | 0 | 1517.04 | 4.14 | 0.15 |
| 67% | 20% | 0% | 13% | 0% | |||||
| 11 | The openness of the economy to international products | 7 | 7 | 0 | 330 | 0 | 722.4 | 1.97 | 1.83 |
| 2% | 2% | 96% | 0% | ||||||
| 12 | Technological limitation | 144 | 48 | 17 | 117 | 17 | 1217.76 | 3.33 | 0.56 |
| 42% | 14% | 5% | 34% | 5% |
The table represents the level of agreement for the factors that let the COVID-19 situation dreadfully affect the Nigerian economy
SA strongly agree, A agree, U undecided, D disagree, SD strongly disagree, S/D standard deviation—a measurement of the data’s degree of dispersion with respect to the mean