World Bank: Pandemic threatens 10-year human capital gains

The COVID-19 pandemic threatens hard-won gains in health and education over the past decade, especially in the poorest countries, a new World Bank Group analysis finds. Investments in human capital—the knowledge, skills, and health that people accumulate over their lives—are key to unlocking a child’s potential and to improving economic growth in every country, it has said. The World Bank Group’s 2020 Human Capital Index includes health and education data for 174 countries – covering 98 per cent of the world’s population – up to March 2020, providing a pre-pandemic…

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NBS: Employments, Markets Wobble Amidst Efforts To Reactivate Economy

pandemic

Employment as well as economic activities in Nigeria remains precarious despite eased lockdown, interstate movement allowance and gradual reactivation of the economy from the impacts of coronavirus pandemic (COVID-19). The National Bureau of Statistics (NBS) stated in its COVID-19 Impact Monitoring Survey Report for July 2020, although, there has some levels of rebound, the market remains unstable. In terms of employment, it said the share of respondents working has recovered and there is some evidence of people moving in and out of work. “This suggests that the new jobs gained…

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Simplified: Full NBS COVID-19 Impact Monitoring Survey Report for July 2020

Air transport’s contribution to GDP slumps by 11.8%

Introduction This brief presents the findings of the third round of the Nigeria COVID-19 National Longitudinal Phone Survey, a nationally representative monthly survey of 1,9501 households that monitors the economic impact of the pandemic and other shocks across Nigeria. Launched by the Nigeria National Bureau of Statistics (NBS) with support from the World Bank in April 2020, the first round (baseline) of the COVID-19 National Longitudinal Phone Survey (COVID-19 NLPS) was conducted in April/May 2020, during which a federally mandated lockdown was in full effect. After some restrictions in movement…

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Amidst pandemic, Nigerian doctors embark on nationwide strike June 15

Coronavirus, Doctors, Strike, NARD, Pandemic

The National Association of Resident Doctors of Nigeria (NARD) will commence a nationwide strike on Monday, June 15, 2020 despite ongoing struggle against Coronavirus pandemic in the country. Doctor Aliyu Sokomba, National President of NARD, said this in an official letter with reference number NARD/SG/2019-2020/070620/246. Sokomba said the association found it necessary to take “the painful decision” following the inability of the government to meet its demands. He said, “Consequent upon the 14 days ultimatum duly served the Federal Government for indefinite strike action, in accordance with the resolution of…

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