ABSTRACT
The study was undertaken to examine the effect of COVID 19 Lockdown among day Old Chick Producers and Marketers in Ibadan South West Local Government Area (Poultry hub) of Oyo State, through the administration of questionnaire and interpersonal interview to retrieve relevant research information. The socio-economic appraiser of the stakeholders revealed that participants are predominantly male(65%), married(61.0%), most are educated (88.0%) and were Christians (40.0%) and Muslims (60.0%) based on their religious faith. Effect of Lockdown on production (100%), reduction in price, cost of ingredients with consequential reduction in level of employment. The result also reveals that the cost of ingredients, was seriously affected before (80.0%), during (65.0%) and after (98.0%) COVID-19 pandemic respectively. The result shows that the mean of the total variable cost is N28325.98, the mean of the gross margin is also positive (N322307.44), the net income is (N 272380.21) while the mean of the total fixed cost is (N400428.00). This implies that the level of profitability of poultry production in the study area is profitable. Based on the findings, it has been identified that some factors are hindering the development of poultry farms as regards large production, which will cater for the entire population of the people in the study area and the nation entirely. It therefore recommends that government should improve on the loan credit guarantee schemes available for the public and ensure the availability of well-tested, highly productive machines and reduce cost of feed.
ABSTRACT
The World Health Organization declared COVID-19 a global pandemic on the 11th of March 2020, but the world is still reeling from its aftermath. Originating from China, cases quickly spread across the globe, prompting the implementation of stringent measures by world governments in efforts to isolate cases and limit the transmission rate of the virus. These measures have however shattered the core sustaining pillars of the modern world economies as global trade and cooperation succumbed to nationalist focus and competition for scarce supplies. Against this backdrop, this paper presents a critical review of the catalogue of negative and positive impacts of the pandemic and proffers perspectives on how it can be leveraged to steer towards a better, more resilient low-carbon economy. The paper diagnosed the danger of relying on pandemic-driven benefits to achieving sustainable development goals and emphasizes a need for a decisive, fundamental structural change to the dynamics of how we live. It argues for a rethink of the present global economic growth model, shaped by a linear economy system and sustained by profiteering and energy-gulping manufacturing processes, in favour of a more sustainable model recalibrated on circular economy (CE) framework. Building on evidence in support of CE as a vehicle for balancing the complex equation of accomplishing profit with minimal environmental harms, the paper outlines concrete sector-specific recommendations on CE-related solutions as a catalyst for the global economic growth and development in a resilient post-COVID-19 world.