Nigeria: Ebola Hits Economy

31 August 2014

There is no doubt that the outbreak of the Ebola disease, which started in Guinea , as a major health hazard, now has serious economic implications in the entire West African sub-region. The sectors most affected include aviation, export sub-sector, industries dominated by large scale buying and selling of goods, open markets for second-hand clothes and other places within the affected countries.

Experts are of the opinion that the epidemic has already slashed economic growth in the sub-region by over 4 per cent and may result to increase in the prices of commodities and food shortages in some affected countries, if not quickly addressed.

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