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42 percent of Nigerians Lost their Jobs due to Coronavirus – NBS

 

The National Bureau of Statistics (NBS) has announced that its recent
survey revealed that 42 percent of Nigerians have lost their jobs due
to the Coronavirus disease (COVID-19) pandemic.

The Bureau said the study was conducted between April to May 2020,
during the time when the index case was identified in the country. It
was further gathered that the impact of COVID-19 has been most strongly
felt in the commerce, service and agriculture sectors.

While seventy-nine percent of households surveyed reported that their
households’ total income have decreased since mid- March, NBS added
that the economic shock experienced by Nigerians after the outbreak of
Coronavirus far exceeds shocks experienced between 2017 and 2019.

In its report titled “COVID-19 IMPACT MONITORING”, the NBS said;

“In order to track the impacts of the pandemic, the National Bureau
of Statistics implemented the Nigeria COVID-19 National Longitudinal
Phone Survey (COVID-19 NLPS) on a nationally representative sample of
1,950 households.

“The most widely reported shock experienced by households was an
increase in prices of major food items faced by 85 percent of households
since the outbreak compared to only 19 percent between January 2017 and
January 2019.”

The coping mechanism for 51 percent of households interviewed was
reducing and it was also learnt that many households are now drawing
down their savings (29 percent of the households falls into this
category).

A  total of 26 percentage of interviewed households who needed
medical treatment reported not being able to access treatment, while 38
percent of households with children who attended school prior to school
closures due to the pandemic reported that their children did not engage
in any learning or education activities.

The report added;

“Many households have struggled to cope with these widespread shocks
with 51 percent of all households resorting to reducing food
consumption.”

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