Covid-19 and Nigerian Businesses: From Survival to Thriving in a Changing World



The social, economic and financial challenges of the COVID-19 will lead to a global economic recession in 2020 and potential lost output of $2.7 trillion.

Nigeria may go into economic recession if the Coronavirus pandemic persists for months and with the potential loss of N2.27 trillion worth of trade and significant job losses across sectors.


"Difficult days ahead for over 100m Nigerians living on N700 daily, and the 78m Nigerians without savings who rely on daily wage, monthly salary, and support from family members for survival"


Employee productivity is expected to drop especially for companies that were not designed for and have not made remote working a part of their processes.

Business leaders should expect different recovery speeds for different sectors and different locations.