Social Media and Issues in Covid-19 Pandemic: Nigeria in Dilemma

In addition to the already existing hardship in Nigeria, social media which is supposed to be a beneficial tool for the spread of authentic news was used to spread fake news during the covid 19 pandemic era. The Apart from prescription of drugs, some scammers went as far as scamming people, asking people to click on fraudulent links. Due to the boring stay at home order some yahoo boys use the opportunity to dupe their victims using love scam. Due to these evils perpetrated by social media users, people were suffering and it affected the economy badly. The paper adopted secondary method of data collection. After the collection of data, content analysis was used to analyze data generated from secondary sources and anchored on information processing theory. The study investigated the impact of social media on information about COVID- 19 and the degree to which COVID- 19 affected the Nigerian economy. The study revealed that social media significantly influenced spread of information about covid -19. It also revealed that COVID- 19 negatively affected the economy. The paper recommended as follows: Government should put up policies against false information from social media users. Government should invest more money on human capital development and the economy needs diversification.