The COVID pandemic has wreaked havoc on economies of the world, on a global scale as economists and fiscal policy experts associate its effect as the worst global economic crisis of the century in comparison with the global economic recession of 2008 and the economic depression of the 1930s. The impact of the pandemic has reverberated across several sectors particularly the maritime, aviation and transport industry as a whole as the demand and supply level in these industries continue to thin due to countrywide border restrictions. However, whilst the extent of government intervention to stabilize the economy could be a source of concern, laudably most governments have cushioned the impact of the pandemic through the introduction of stimulus and palliatives.[1].

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