Addressing the financial impact of COVID-19 in Nigeria
The number of new infections and deaths continues to rise rapidly in the world and, as yet, there are no signs of COVID-19 being brought under control. Whilst the vast majority of infections have thus far occurred in the US, concern is rising across the world due to the global pandemic.
Businesses in Nigeria have been impacted with shopping malls have closed and offices directing staff to work from home. Travel revenues in Nigeria have also plummeted as state governments, especially in the affected states, have issued directives for lockdown, exempting only essential service providers.
This newsletter discusses how businesses can proactively assess their capability to withstand disruption from both an operational and financial standpoint.