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Author Covid-19 Knockdown -Nigeria deserves unique approach  (Read 105 times)

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Offline Isaac Adeniran

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Covid-19 Knockdown -Nigeria deserves unique approach
« on: April 27, 2020, 05:15:45 AM »
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  • Covid-19 Knockdown -Nigeria deserves unique approach

    An economist who is also the Dean, Faculty of Social Sciences, Kaduna State University, Dr. Usman Aminu, told Daily Trust that implementing measures adopted by the western world without recourse to Nigeria's peculiarities will be counter- productive.

    "Continued lockdown of the economy will kill business and jobs with concomitant negative impact on poverty and well-being. The level of poverty will endanger people's lives and affect their immunity to fight the virus if affected," he said.

    Aminu, who is a member of Daily Trust Board of Economists, said lockdown may not achieve the desired results given the level of poverty in Nigeria and weak industrial and agricultural base of the nation.

    "The policies of relaxing the lockdown to enable people restock on food and other critical needs proved that the exercise is of no effect... . Government must get majority of the people to be working rather than staying at home with nothing to do. The ultimate cost to the economy will be quite unbearable for everybody," he said.

    Also speaking on the matter, an expert in microeconomic analysis, Mr. Abiola Rasaq, said like most countries, Nigeria was stuck between a rock and a hard surface in choosing whether to extend the lockdown to ensure we flatten the COVID-19 spread and avert probable loss of life or we defy global consensus on lockdown to save the economy, which is already at a tipping point.

    Rasaq, who is also the Head of Investor Relations at the UBA Group, said an extended lockdown will obviously do more damage to the economy and heighten insecurity.

    "We must have a well thought out measure before junking the lockdown measures," he said.

    Similarly, the Provost of the Abuja Chamber of Commerce and Industry's Business Entrepreneurship Skills and Technology Centre (ACCI BEST), Professor Adesoji Adesugba, said lockdown could not work in a developing country like Nigeria where 70 per cent of the urban population live in overcrowded unplanned slums.

    The professor said most people were living below subsistent level and were daily paid workers without any form of a social security programme.




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    Covid-19 Knockdown -Nigeria deserves unique approach
    « on: April 27, 2020, 05:15:45 AM »
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