43% of Nigerians have lost their jobs, taken a pay cut or know someone with a similar experience, according to an April survey by ResearcherNG, an independent public sentiment and research outfit. The finding highlights how covid-19 is compounding Nigeria’s unemployment woes.
- 14% of respondents also said they were considering taking a loan to ease the financial stress.
- Covid-19’s impact on the Nigerian economy has been devastating, notably because it triggered a plunge in the price and demand of oil, Nigeria’s main source of revenue and foreign exchange.
- Earlier this month, the Central Bank of Nigeria intervened to stave off massive layoffs in the banking sector.
- Though the country posted sluggish GDP growth of 1.87% in the first quarter of the year, the full impact of the pandemic on Nigeria’s economy is expected to be better reflected in the second quarter.
Other key findings:
- 76% of respondents said they were very confident or somewhat confident in the Nigeria Center for Disease Control (NCDC) and its actions in the fight against the virus.
- However, only 35% of respondents said the same for the Rest of Government. About two-thirds of survey respondents were not confident about the actions of the Rest of Government.
- 44% of the respondents believe that COVID-19 was deliberately created in a lab despite the dismissal of that theory by scientists. The outbreak of the disease has been a subject of numerous conspiracy theories, most originating from the West and finding its way to Nigeria through the internet.
- 56% of the respondents say they now attend religious events online, a fallout of the closure of worship centers in the country to contain the spread of the viral disease. Adjusted for the entire population, the numbers may not be as high. Broadband coverage, internet quality, and cost of data remain big challenges in Nigeria.
The survey was conducted between April 6 and April 30 with over 1000 Nigerians as respondents. Respondents were interviewed mostly through online channels.