By Hakeem Baba-Ahmed
ECONOMY: The economy, already in deep depression, will perform very poorly. Public spending will reduce owing to restrictions in revenue bases, reductions in foreign direct investment and poor management. Cost of living will rise along with unemployment.
Informal sector of the economy will suffer from effects of the restrictions imposed by the pandemic and lower spending and reduced investment. Declines in internally-generated revenue will affect state governments, leading to rise in poverty levels.
COVID-19: The pandemic will take more Nigerian lives and damage the economy more than it did in 2021. Governments lack the political will, capacities and trust of the population to introduce and impose preventive measures against wider spread of the virus….