Broad, Fast Action to Save Lives and Help Countries Rebuild

While the economic scale of the crisis grabs attention, and could even paralyze us, the human toll is even more pressing. Millions of lives in the poorest countries are on the precipice. The contagion they face isn’t just the virus, as devastating as that will be, but its travelling companions of poverty, deprivation, even starvation.

Hunger Amid Plenty: How to Reduce the Impact of COVID-19 on the World’s Most Vulnerable People

The World Bank’s Commodity Markets Outlook comes with large caveats including uncertainty over the pandemic’s duration and severity; the direction of energy and fertilizer prices; currency movements; changes to trade and domestic support policies; and possible disruptions in global supply chains.

How Pandemics Leave the Poor Even Farther Behind

By Davide Furceri, Prakash Loungani, and Jonathan D. Ostry / Image Credit: IMF The COVID-19 crisis is now widely seen as the greatest economic calamity since the Great Depression. In January, the IMF expected global income to grow 3 percent; it is now forecast to fall 3 percent, much worse than during the Great Recession of 2008-09. […]

COVID-19: What we Learnt One Week after Gradual Ease of Lockdown

On 4th May, the first phase of the gradual ease started and residents of Lagos state and Abuja were able to go out to their places of work again. As an independent economic research group, we also set out to observe how the citizens went about their economic activities, how they conveyed themselves, the cost associated with the movement as well as the activities of the transport unions in enforcing social distancing.

Nigeria’s Policy Responses (as at 8th May, 2020) to COVID-19

Culled from the International Monetary Fund / Image Credit: IMF Background Nigeria has been severely hit by the spread of COVID-19 and the associated sharp decline in oil prices. Government policy is responding to both these developments. The authorities have reported 3145 cases of COVID-19 and 103 deaths as of May 7, 2020. A range […]

State-Owned Enterprises in the Time of COVID-19

By Vitor Gaspar, Paulo Medas, and John Ralyea/ Image Credit: WEF The pandemic has highlighted the role of the public sector in saving lives and livelihoods. State-owned enterprises are part of that effort. They can be public utilities that provide essential services. Or public banks that provide loans to small businesses. But some are also […]

In their Numbers; Financial and Job Losses in the Aviation Sector Around the World

Due to the outbreak of Covid-19, countries have resorted to restricting movements, closing their borders as well as closing down the domestic economy (with the exception of essential services being allowed to move). Elsewhere, there was an oil price war between Saudi Arabia and Russia, which sent the price of headline crude oil to the […]

Why Nigeria Needs To Adopt Data Analytics In Combating Corona Virus

At the tail end of the last quarter, the Nigerian government closed its land borders, banning all international flights and restricting interstate movement and consequently announcing a total lockdown in three states; Lagos, Ogun, and Abuja. This action by the government, which was necessitated by the upward trend in the number of coronavirus cases in […]

COVID-19: Now is the Time for LASG to Lift Ban on Okada and Keke Napep

This article gives an insight into how the citizens will likely react to the ease of lockdown within the first few weeks. It also explains why the use of Okada and Keke Napep will reduce contacts once the lockdown is lifted.

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