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|COVID-19: Third Wave’ll Be More Devastating On Economy –FG by Thaliafy: 2:36am On Jun 22, 2021
The Federal Government has warned that Nigeria cannot afford to witness a third wave of COVID-19, as the country’s economy, especially the transport sector, is already severely hit.
Already, Nigeria has recorded several new cases of COVID-19 with United Kingdom, France, India, Brazil, Argentina now experiencing the third wave. Minister of Transportation, Rt. Hon. Chibuike Rotimi Amaechi, made this known in Lagos at the fourth edition of the logistics and supply chain industry report of the African Centre for Supply Chain (ACSC).
He explained that operators in the country’s transport sector were yet to recover economically from the impacts of COVID-19 on their businesses, adding that the third wave would be catastrophic for the nation’s economy to bear.
Amaechi, who was the guest speaker at the occasion, while speaking on the ‘Impacts of COVID-19 Disruption on Supply Chain and Transportation,’ said that the outbreak of the pandemic stalled a lot of activities and crumbled several economies globally.
The transport minister, who was represented by a director in the Ministry of Transport, Mrs. Blessing Ilori, explained that the country’s transportation sector in particular was one of the worst hit as the sector was the greatest vector of the disease.
According to him, in a bid to curb the spread of the virus, the transportation sector became straddled with restrictive safety measures aimed to preserve lives and properties.
He pointed out that many Nigerian businesses, including those in the country’s transport sector, were still counting their losses to the pandemic currently. Amaechi, however, backed the key role the Presidential Task Force on COVID-19 is playing to ensure the monitoring of the spread of the pandemic in the country.
He said: “Thankfully, we are gradually weathering the storm as you know the third wave is even here. We don’t know the several shades of this pandemic and I believe, we would totally overcome this deadly pandemic with the aggressive approach of the Presidential Task Force on COVID-19 and the doggedness of our health workers.
“Though, we are gradually winning the war against the deadly virus, its impact on the economy particularly the transportation sector has been damaging.
“The road subsector, which is considered as the most prevalent and extensively used mode of transportation in Nigeria encountered massive loss of workforce as some transport companies reduced their staff strength to ameliorate the effect of the pandemic on operational cost.
“The negative toll of the sharp reduction in the global demand for crude oil further shrunk the economy and led to hike in the cost of living.”
The development of this epidemic has a great damage to the economy, the shrinking economy, and leads to the rise of life, we should quickly, and the whole people fight the epidemic.
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by michlins(m): 3:13am On Jun 22, 2021
Who's talking about third wave when vaccines are already out.
Unless the virus mutates in a way that the current vaccines can't handle, I don't see this pandemic disrupting the global economy.
Worst case scenario is flash spikes in some areas which will eventually clear up
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by realstars: 3:22am On Jun 22, 2021
So the zero record we had yestaday was the end of 2nd wave. Now they are talking about third, Who Cares?
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by Ever8090: 3:27am On Jun 22, 2021
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by Ever8090: 3:29am On Jun 22, 2021
realstars:them dey fear you?.. , it is going to be a continuous exercise to sustain the looting even the pandemic ends in other countries, Nigeria will still sustain their own...
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by realstars: 3:37am On Jun 22, 2021
Ever8090:I Know Nigeria Is Foward Ever, Backword Never.
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by LeeSantos(m): 3:38am On Jun 22, 2021
We didn't even have first wave. They're talking about third wave.
1 Like 1 Share
|Re: COVID-19: Third Wave’ll Be More Devastating On Economy –FG by esthel(f): 4:30am On Jun 22, 2021
Emotional blackmail because US didn't share relief money for them, to hell with 3rd wave. These people think the world isn't watching their looting sprees.
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