A fifth of Nigeria’s workforce lost their jobs because of Covid-19

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Photo: Pixabay
Photo: Pixabay

The coronavirus pandemic resulted in a fifth of Nigeria’s workforce losing their jobs, the Nigerian Bureau of Statistics said.

The cuts followed disruptions to supply chains, continuing supply and demand shocks, and a drop in consumer confidence, the agency said in a statement Tuesday, citing a study it conducted with the United Nations Development Programme.

About 60% of the almost 3 000 businesses surveyed reported that one in three of them knew of a company that had permanently closed down because of operational challenges resulting from the pandemic.

Four-fifths of enterprises reported decreased production, it said.

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