COVID-19: 42% of Nigerians lost their jobs during pandemic, says NBS
- A new report has shown that 42% of Nigerians lost their jobs during the peak of the COVID-19 pandemic
- The report titled COVID-19 National Longitudinal Phone Survey was authored by the National Bureau of Statistics
- According to the report, 79 per cent of Nigerians also reported that their households total income had decreased
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A report by the National Bureau of Statistics (NBS) indicates that 42 per cent of hitherto employed Nigerians lost their jobs due to the adverse impact of the COVID-19 pandemic
The report which was published on Friday, June 5 was titled COVID-19 National Longitudinal Phone Survey (COVID-19 NLPS).
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.”
Recall that the World Bank recently advised Nigeria to develop its mining sector to help mitigate post-COVID-19 economic shocks.
World Bank's Mike Stanley advised the Nigerian government not to wait for a rise in the oil prices in the global market.
Stanley said waiting for oil prices to rebound may not yield the expected result because of the possibility of an oversupply of the commodity in the market from other oil-producing countries.
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Meanwhile, as Nigeria prepares for life after the COVID-19 pandemic, the federal government has assured citizens that it will soon roll out additional stimulus packages for Micro Small and Medium Enterprises (MSMEs) across the country.
This was disclosed by the special assistant to the president on MSMEs in the office of the vice president, Tola Johnson at a virtual press briefing on Friday, May 29.
In a related development, the federal government through the newly resuscitated National Agricultural Land Development Authority (NALDA) has revealed its plan to raise about 77, 400 young farmers across the nation in different farming activities ranging from crop farming to animal husbandry.
The newly appointed executive secretary of NALDA, Prince Paul Ikonne, revealed this on Monday, June 1 in Abuja, stressing that the plan is to ensure that the organisation drive the country's economy post-COVID-19 using agriculture as a springboard.
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Source: Legit.ng
