As it is globally known, Covid-19 or Coronavirus outbreak began in Wuhan, China in December 2019 and on the 27th of February 2020, the first case was reported in Nigeria since the beginning of the outbreak in China.
It is no longer news that Covid-19 has vehemently done so much havoc on Nigeria's economy, business and other ways of life. In the same manner, it has also impacted positively on so many businesses across the globe.
During the lockdown, as a result of Covid-19 outbreak, some business men and women were at home and majority of them finds ways of advancing their business through building online commercial stores. During the covid-19 lockdown, an application called ZOOM, which was used for online meetings since the federal government prohibited mass gathering the owner of the Application made so much money which shows that he was positively affected by the covid-19.
Nigeria's economy has been crippled by external factors as the coronavirus pandemic resulted in a near total shutdown of economic activity around the world. The accompanying steep drop in oil prices amid a drop in global demand left Nigeria drastically shorn of earnings given its dependence on the commodity as its biggest revenue source.
Speaking on the effects of Covid-19 on Nigeria's economy and ways of life, I can say that so many Nigerians were and are unemployed. In business, so many businesses were totally shutdown therefore leaving so many stranded, during this period, different types of crimes were heard and seen in Nigeria as a result of hardship.
In general, the Covid-19 pandemic has led to a dramatic loss of human life worldwide and presents an unprecedented challenge to public health, food systems and the world of work. The economic and social disruption caused by the pandemic is devastating: tens of millions of people are at risk of falling into extreme poverty, while the number of undernourished people, currently estimated at nearly 690 million, could increase by up to 132 million by the end of the year.
Millions of enterprises face an existential threat. Nearly half of the world’s 3.3 billion global workforce are at risk of losing their livelihoods. Informal economy workers are particularly vulnerable because the majority lack social protection and access to quality health care and have lost access to productive assets. Without the means to earn an income during lockdowns, many are unable to feed themselves and their families. For most, no income means no food, or, at best, less food and less nutritious food.
The pandemic has been affecting the entire food system and has laid bare its fragility. Border closures, trade restrictions and confinement measures have been preventing farmers from accessing markets, including for buying inputs and selling their produce, and agricultural workers from harvesting crops, thus disrupting domestic and international food supply chains and reducing access to healthy, safe and diverse diets. The pandemic has decimated jobs and placed millions of livelihoods at risk. As breadwinners lose jobs, fall ill and die, the food security and nutrition of millions of women and men are under threat, with those in low-income countries, particularly the most marginalized populations, which include small-scale farmers and indigenous peoples, being hardest hit.
Millions of agricultural workers – waged and self-employed – while feeding the world, regularly face high levels of working poverty, malnutrition and poor health, and suffer from a lack of safety and labour protection as well as other types of abuse. With low and irregular incomes and a lack of social support, many of them are spurred to continue working, often in unsafe conditions, thus exposing themselves and their families to additional risks.
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