Tagged:

Nigerian Economy on Edge As Govt Warns of New Covid-19 Wave

Health Minister Osagie Ehanire has said that Nigeria may be on the verge of a second wave of Covid-19 infections. Rising infections could be blamed on people failing to uphold preventive measures like mask-wearing, hand-washing, and physical distancing, Ehanire said. The country recorded 1,843 cases last week compared to 1,235 cases, two weeks ago. Meanwhile, the World Bank says the pandemic has caused the worst recession in Nigeria in the last four decades. In its report titled, Rising to the Challenge: Nigeria's Covid Response, the organization said that to avoid the reversal of decades of economic growth, Nigeria needs to sustain the progress of its current reforms and implement the right mix of policy measures. The country is in recession for the second time since 2016.

Nigeria: Economy Faces Threat As States Mull Another Covid-19 Lockdown

Daily Trust, 14 December 2020

Despite the current recession, the economy may be further threatened as some states plan various forms of lockdown due to the rising second wave of the COVID-19 pandemic. Read more »
Nigeria: Govt Orders Reopening of Isolation Centres Over Possible Second Wave of Covid-19

Premium Times, 10 December 2020

Some COVID-19 isolation centres located inside Karu and Asokoro general hospitals had earlier been closed following reduction in the number of patients. Read more »
Nigeria: Covid-19 - Sustained, Deep Policy Reforms Required for a Stronger Recovery in Nigeria - World Bank

Premium Times, 10 December 2020

The World Bank says COVID-19 has caused the worst recession in Nigeria in the last four decades. Read more »
Nigeria: Govt Directs Covid-19 Isolation Centres to Prepare for Reopening

This Day, 11 December 2020

The federal government has asked COVID-19 treatment centres across the country to prepare for reopening. Read more »
Nigeria: Coronavirus - Nigeria Records Highest Daily Cases in Six Months

Premium Times, 11 December 2020

There were 675 new cases and six deaths on Thursday. Read more »
Nigeria: Country's Recession Could Last Up to 2023 - World Bank

Daily Trust, 10 December 2020

The World Bank (WB) has predicted three years of economic recession for Nigeria except economic reforms are sustained. Read more »
Nigeria: World Bank Urges Nigeria to Deepen Reforms to Mitigate Covid-19 Impact

Leadership, 11 December 2020

In the next three years, an average Nigerian could see a reversal of decades of economic growth and the country could enter its deepest recession since the 1980s, World Bank said… Read more »
Nigeria: Covid-19 - Kogi, Cross River, Five Other States Not Testing Enough - NCDC

Premium Times, 11 December 2020

"It's important to test, to manage the outbreak and plan for vaccination" Read more »
Nigeria: El-Rufai Warns On Covid-19 Surge, Advises On Preventive Measures

Vanguard, 11 December 2020

Governor Nasir El-Rufai has disclosed that Kaduna state is experience a rising rate of Covid-19 infections, warning that government is considering several options to manage the… Read more »
Nigeria: World Bank Board to Decide On Nigeria's $1.5 Billion Facility Next Week

Vanguard, 10 December 2020

Nigeria's $1.5 billion facility would be placed before the World Bank Board for approval, next week, the Country Director (CD) for Nigeria, Mr. Shubham Chaudhuri, revealed ,… Read more »