Report: Nigerians Experience Income Drop After Lockdown
A recent survey carried out by FinMark Trust through the i2i initiative, in partnership with EFInA, reveals that some Nigerian households are beginning to experience reduced income, lower food consumption, and reduced access to financial and health services following the onset of the COVID-19 epidemic and related lockdowns.
Beyond the direct impact of COVID-19 on those infected, there is an indirect effect on global health supply chains. 14 per cent of adult Nigerians report the inability to access medicine in the week prior to April 8, mainly due to lack of funds and unavailability of medicines. 45 per cent report some form of an increase in the price of medicines.
However, the EFInA Access to Financial Services in Nigeria 2018 survey found that approximately 50 million adult Nigerians earn their income either daily or weekly, and movement restrictions have likely reduced income earning opportunities for some Nigerians.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Loan Recovery May Be Challenging for Fintechs Post COVID-19 - THISDAYLIVEObinna Chima Financial technology (Fintech) companies may have a harsh time in loan recoveries post COVID-19 as majority of them do not have transparency mandates that would support their loan recovery process, a report has stated. This was disclosed in the latest edition of a report by Debtors Africa – an independent searchable database of …
Read more »
11% of German coronavirus cases are medical workers – ReportAround 20,000 staff in hospitals, aged care, and nursing homes have contracted coronavirus in Germany, accounting for around 11 per cent of total cases in the country, the Sueddeutsche Zeitung newspaper reported on Tuesday.
Read more »
11% of German coronavirus cases are medical workers – ReportAround 20,000 staff in hospitals, aged care, and nursing homes have contracted the novel coronavirus in Germany, accounting for around...
Read more »
Banditry: Senator Gobir gives shocking report on activities of bandits, Nigerian armyThe Senate shuddered on Tuesday as Senator Ibrahim Gobir gave a damning report that people of his constituency were now at the mercy of the Nigerien soldiers for protection against armed bandits. The lawmaker representing Sokoto East Senatorial District said Nigerian Army and other security operatives have completely abandoned them, a situation that has forced
Read more »
82 'ghost workers' got N48.2m Ondo car loan in 2018 - ReportA total of 88 'ghosts workers' received the sum of N48, 210,000 as car loan from the Ondo State government in 2018, the 2019 audit report...
Read more »
82 ghost workers got N48.2m Ondo car loan in 2018 - audit report – Daily TrustAbout 88 'ghosts' received N48.2 million in car loan from the Ondo State government in 2018, according to the 2019 audit report submitted to the Ondo State House of Assembly.
Read more »