COVID-19

No fewer than 42 per cent of hitherto employed Nigerians lost their means of livelihood to the adverse impact of the COVID-19 pandemic, according to the National Bureau of Statistics (NBS).

It stated that the impact on employment and income had been widespread as “respondents who were working before the outbreak reported that they were not currently working due to COVID-19.”

According to the maiden COVID-19 National Longitudinal Phone Survey (COVID-19 NLPS) report, which was published yesterday by the statistical agency, 79 per cent of Nigerians also reported that their households total income had decreased since mid-March while some households struggled to purchase staple foods namely yam, rice and beans during the seven days prior to the interview with 35-59 per cent of households who needed to purchase these staple, reporting that they were not able to buy them.

The report which monitors the impact of the pandemic, using May 2020 as baseline, essentially highlighted the cost of the pandemic on employment, education, economy and households within the review period and is expected to be published on monthly basis going forward.

TRACKING COVID 19

It stated that the impact of the pandemic was most severe in the commerce, services and agricultural sectors of the economy.

The NBS added that the economic shocks experienced by Nigerians in the few months after the outbreak of Coronavirus far exceeded shocks experienced between 2017 and 2019.

The survey stated that an increase in prices of major food items represented the most widely reported shock experience by 85 per cent of the households since the outbreak compared to only 19 per cent between January 2017 and January 2019.

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