Opinion: COVID-19: the Global System and the African Economy, By Toyin Falola
Given that Africa and indeed Nigeria is only just experiencing its first real surge in the number of COVID-19 cases, one can safely say that the lockdown situation, which is having diverse negative effects on both the private and public sectors, is not letting up soon. The first attempt at relaxing the lockdown, which has resulted in a surge in the number of cases of infected persons, has informed a more cautious and slower re-opening of the economy.
Post-COVID-19 Africa would have to brace up for the lasting effects of the pandemic. The cost of handling the crises, both monetary and otherwise, is bound to leave a huge dent, both on the national psyche, individual and corporate accounts. There is the possibility of a food crises resulting from the disruption of the farming circle, which might necessitate the greater importation of basic food items at a time when the government really cannot afford them.
Toyin Falola is a University Distinguished Teaching Professor with the University of Texas at Austin. This article is excerpted from an address at the 2020 Annual Fela Anikulapo Kuti Lecture organised by the International Research Center On African Culture and Knowledge.
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