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Due to unprecedented threat to the economy and the quality of life caused by the COVID-19 pandemic, this study focused on cost-benefit analysis during the lockdown of COVID-19 and the health belief model of COVID-19 pandemic in Ogun State, Nigeria. A total of 2400 copies of the questionnaire were administered to solicit information from the respondents using systematic random sampling technique on the targeted population while 2363 copies were retrieved and analyzed using descriptive statistics. The findings of the study revealed that the lockdown had negative impacts on health, economic, and social impacts. Results showed that 50.7% of the respondents spent no time going to the market and/or work during COVID-19, and this made 81.9% of them unable to gain extra gain during the lockdown as they were completely restricted for activities. The lockdown had impacts on socioeconomic activities as the prices of consumable goods increased due to the low supply. 71.8% of the respondents indicated that the government did not provide palliative measures for the households. The results further showed that everyone could be infected with COVID-19 as 86.0% of respondents indicated. 48% revealed that COVID-19 drugs were unavailable and prayers from religious leaders could not cure COVID-19. Besides, 65.5% were able to follow the basic measures put in place to reduce the spread of COVID-19 in the study area. This study concluded that necessary things should be put in place to ease the affairs of the populace before any other lockdown measure is made.

Cost-Benefit Analysis during Lockdown and Health Belief Model (HBM) of COVID-19 Pandemic in Ogun State, South-Western Nigeria