Written by Godfrey AKON

Many Nigerians worried over financial impact of Covid-19 - NBS

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The National Bureau of Statistics, NBS, says many Nigerians are concerned about the health and financial impacts of the Covid-19 pandemic.

The bureau made this disclosure in its Covid-19 impact monitoring report released last week, stating that 92 per cent of respondents to the its survey saw the coronavirus as a threat to their households finances.

It said “The impact on employment and income have also been widespread. 42% of respondents who were working before the outbreak reported that they were not currently working due to COVID-19.

“The impact of COVID-19 has been most strongly felt in the commerce, service, and agriculture sectors. 79% of respondents reported that their households total income have decreased since mid-March.

According to the report, some households struggled to purchase staple foods like yam, rice and beans during the 7 days prior to the interview with 35-59 per cent of households who need to purchase these staple foods reporting that they were not able to buy them.

It noted that 26 per cent of households reported not being able to access medical treatment when they needed it during the same period.

“Experience of economic shocks in the few months after the outbreak of coronavirus far exceeds shocks experienced between 2017 and 2019.

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

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

The agency said Covid-19 has also affected children education, adding that among households with children attending school prior their nationwide closure in March, only 62 per cent reported that their children had engaged in any learning/educational activities since the closure.

The report further noted that respondents are generally aware of important preventative measures against coronavirus such as hand washing, 97 per cent, avoiding gatherings, 90 per cent, and social distancing, 89 per cent.

It said 78 per cent of respondents were worried about themselves or their family members becoming seriously ill from the coronavirus.









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