National Bureau Of Statistics: 42% Of Nigerians Lost Jobs To Covid-19

The logo of the national bureau of statistics
Source: http://Thisdayonline.com

According to the National Bureau of Statistics (NBS), no fewer than 42% of fully employed Nigerians lost their jobs which is mainly their only means of livelihood due to adverse impact of COVID-19 pandemic. It was stated that the pandemic impacted on employment and income as there were respondents who complained of not currently working job losses due to the COVID-19.

According to the response gotten from the maiden COVID-19 National Longitudinal Phone Survey Report which was published yesterday by the NBS, 69% of Nigerians reported that their household income had decreased since mid-march while some struggled to even purchase food commodities like yam, rice, and bread. Even households who can afford to buy these commodities could not do so as the markets and shops were closed.

The report monitors the impact of the pandemic on employment, education, economy and households expenditure and income. It used May 2020 as the base year and highlighted the effect of the pandemic on the selected indicators. According to the report, the impact of the pandemic was severe in the commerce, service and agricultural sectors of the economy.
The National Bureau of Statistics also added that the economic shocks experienced by Nigerians and the Nigerian economy in this few months of the coronavirus outbreak in the country exceed economic shocks experienced between 2017 and 2019. The survey asserted that an increase in prices of major food items represented the mostly widely reported shock experienced by 85% of the households since the outbreak. This is compared with 19% reported by households between January 20i7 and January 2019. In addition many households struggled to cope with the widespread shocks and about 51% of the households resorted to reducing the amount and quantity of food they consume.

Photo of the coronavirus
Source: http://nairametrics.com

Furthermore, according to the report, 26% of households were unable to access medical treatment when they needed it during the period of coronavirus pandemic. The NBS findings showed that more Nigerians were concerned about the financial and health implications of the coronavirus outbreak in the country. As the report showed, 78% of respondent were concerned about themselves and any of their family members becoming ill or getting infected with the virus. 92% of the respondents saw the virus outbreak as a serious threat to households’ revenue and income. The report also had it that the pandemic affected the education of children as households with children attending school had to stop taking them to school. 62% respondents also reported that since the coronavirus outbreak, their children had not engaged in any learning or educational activities.

Finally, this report represents the urge to know the impact of the coronavirus outbreak on households living standard. The report presents it’s findings from the base year used for the survey. It was conducted between April 20 and May 11, 2020 and came during the compulsory lockdown by the federal government which was initiated on March.

The households used for the survey were drawn from samples of households examined in 2018/2019 for Wave 4 of the General Household Survey panel (GHS-Panel). The extensive information collected in the General Household Survey Panel just over a year prior to the pandemic provided a rich set of background information on the households which can be leveraged to assess the differential impacts of the pandemic in the country.

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