Africa in the news: Nigeria, climate change, and Tunisia updates

Published on:

By Leo Holtz

COVID-19 maintains lingering economic disruption in Nigeria

On Tuesday, Nigeria’s National Bureau of Statistics and the United Nations Development Program reported that approximately 20 percent of workers in Nigeria lost their jobs due to the COVID-19 pandemic. In fact, the joint research examining the pandemic’s impact on Africa’s largest economy uncovered a staggering 33 percent unemployment rate in the fourth quarter of 2020. Informal-sector workers particularly struggled to access credit and funding to stay open as commerce slowed. Notably, losses across sectors were not uniform, as more than half of the businesses surveyed managed to retain their staffing

Read more    Source: brookings.edu

Leave a Reply