Not less than four in every ten Nigerians (42 per cent) who were working before the outbreak of coronavirus in the country lost their jobs due to the impact of COVID-19, in April, an NBS survey found.
Not less than four in every ten Nigerians who were working before the outbreak of coronavirus in the country lost their jobs due to the impact ofThis estimate includes respondents in the poorest households, where about 5 in 10 stopped working due to COVID-19, and the wealthiest households, where about 4 in 10 lost their jobs.
The National Longitudinal Phone Survey on the socioeconomic effects of COVID-19 on Nigerian households was conducted between April 20 and May 11, a time range that coincided with a federally mandated lockdown, initiated on March 30. Specifically, households earning from non-farm businesses lost their jobs the most, with 9 in 10 families saying a member of their household lost their job. Likewise, in households engaged in farming, livestock or fishing, about 7 in 10 said a member of their household lost their job. Among wage earners, about 6 in 10 families said a member of their household lost their job.
Affordability aside, increase in the prices of major food items reduced the purchasing power of 85 per cent of households since the coronavirus outbreak. This pales when compared to only 19 per cent between January 2017 and January 2019. The economic strain on many households due to COVID-19 is further worsened by a dip in their access to medical treatment. Approximately a quarter of all households were not able to access medical treatment when they needed it during the lockdown, the report said.
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