Covid-19: The Trade Off Between Economics and Public health (2)

Still about the Covid-19 pandemic, last week I published an opinion piece “the tradeoff between economics and public health.

The relationship between healthcare and economy was explored. This was with a bid to understand the dicey nature of the decision political leaders are faced with at this time when we are battling the Covid’19 pandemic.

Around the world, the economic effects of the Corona virus pandemic have kicked in within the last dew months

I want to go deeper to explore the various ways the Nigerian economy will be impacted as well as some policy recommendations in between.

Beyond the economic jargon which I will try to explain as plainly as possible. My desire is to get you to understand the issues because of how important they are.

We can explore from these three perspectives;

Reduced Government Revenue

In a country like Nigeria where government is the biggest spender any event that reduces government revenue is surely going to have an impact on the economy.

In this case the crash of global oil prices due to the pandemic is a major issue.  This is because the nation gets a huge percentage of revenue from oil exportation.

The spill over effect is that government is forced to only do the most important things which is usually payment of salaries and paying back debt. Sadly this leaves several infrastructure projects unattended.

This definitely affects cash flow in the economy and affects persons whose livelihoods are tied to such projects.

Businesses (Large, Medium and Small)

This slowing down of the economy goes on to affect businesses, from the large corporations to the one-man business in your neighborhood. When businesses have reduced inflow of cash their first move as seen in this case is to layoff some workers.

These workers have dependents who are affected by their loss of income. The income loss also hinders them from getting basic needs now affects the businesses they would have patronized, and so the cycle continues.

Travel, Tourism and Movement Of Goods

A huge part of the way the economy runs involves the movement of people and goods. Movement restrictions make it more difficult for movement of goods and people. That can lead to inflation (increase in price of goods).

In addition, businesses that rely on people moving away from their original locations suffer example airlines. If you have taken a road trip around Nigeria you will notice some women who sell food, snacks and other goods at various stops.

Imagine what happens when there is little inter-state travel. Naturally hotels and other fun spots will see low patronage. All this adds up to affect economic fortunes of everyday Nigerians.  

Our Way Out

Government especially at the federal and state level will need to be very strategic in their response to the economic effects of the Covid-19 pandemic.

Government must eliminate all forms of waste so as to push resources to these critical parts of the economy. This is vital especially helping businesses stay afloat while still keeping up with vital infrastructure projects.

The end goal should be to minimize job losses in an economy that already had a worrying unemployment statistic before the pandemic.

Any loans accessed now needs to be used in the sectors that have the most significant impact on economic recovery.

Time will tell if the current government can rise to the occasion at this time. Have a splendid week

Olusanya Oluwatomi

135 thoughts on “Covid-19: The Trade Off Between Economics and Public health (2)”

  1. I simply want to tell you that I am just newbie to blogs and really loved this web blog. Very likely I’m likely to bookmark your site . You certainly have great articles and reviews. Bless you for revealing your blog.

  2. I just want to say I’m new to weblog and truly savored your web blog. More than likely I’m want to bookmark your site . You certainly come with beneficial articles and reviews. Appreciate it for sharing your blog.

  3. I simply want to say I’m very new to weblog and seriously enjoyed you’re website. Most likely I’m want to bookmark your blog . You surely come with really good writings. Thanks a bunch for revealing your blog site.

  4. I simply want to mention I’m newbie to blogging and site-building and really loved you’re page. Most likely I’m want to bookmark your blog . You absolutely come with very good stories. Cheers for sharing with us your web site.

  5. I?m satisfied, I should state. Truly rarely do I encounter a blog that?s both enlightening and also enjoyable, as well as let me inform you, you have hit the nail on the head. Your concept is impressive; the concern is something that inadequate people are talking intelligently about. I am extremely pleased that I stumbled across this in my look for something relating to this.

  6. Shop; Unique Functions. Simple Product Layouts. Post with review. Advanced Product Layout. Best conversion pages. Frontend Search · Listing example …

  7. Shop; Unique Functions. Simple Product Layouts. Post with review. Advanced Product Layout. Best conversion pages. Frontend Search · Listing example …

  8. Aw, this was an actually great article. In suggestion I want to put in composing like this in addition? taking some time and actual initiative to make a great post? yet what can I claim? I procrastinate alot and also never seem to obtain something done.

  9. Youre so trendy! I don’t mean Ive check out anything similar to this before. So nice to discover somebody with some original ideas on this subject. realy thanks for beginning this up. this site is something that is needed on the web, a person with a little creativity. beneficial task for bringing something new to the internet!

  10. A remarkable share, I simply offered this onto an associate that was doing a little evaluation on this. And also he as a matter of fact acquired me morning meal because I discovered it for him. smile. So let me rephrase that: Thnx for the reward! However yeah Thnkx for investing the time to discuss this, I feel strongly about it and also like finding out more on this subject. If possible, as you come to be expertise, would certainly you mind upgrading your blog with even more information? It is highly valuable for me. Big thumb up for this post!

  11. Area on with this write-up, I genuinely believe this website needs a lot more consideration. I?ll possibly be once more to review far more, thanks for that info.

  12. Hey excellent website! Does running a blog like this take a massive amount work? I have absolutely no understanding of programming however I had been hoping to start my own blog soon. Anyhow, should you have any suggestions or techniques for new blog owners please share. I understand this is off topic however I simply had to ask. Many thanks

  13. This is the right blog site for any person that intends to learn about this topic. You recognize a lot its nearly hard to say with you (not that I really would want?HaHa). You absolutely placed a brand-new spin on a topic thats been covered for many years. Terrific things, just great!

  14. There are definitely a great deal of information like that to take into account. That is a terrific indicate bring up. I use the thoughts above as general motivation however clearly there are inquiries like the one you bring up where one of the most important point will certainly be operating in honest good faith. I don?t recognize if ideal practices have actually emerged around points like that, but I make certain that your work is plainly recognized as a fair game. Both kids and also girls really feel the effect of simply a moment?s enjoyment, for the rest of their lives.

  15. Im impressed, I must say. Really rarely do I encounter a blog thats both educative and entertaining, and let me inform you, you’ve gotten hit the nail on the head. Your concept is outstanding; the difficulty is one thing that not sufficient individuals are speaking intelligently about. I am very happy that I stumbled across this in my seek for something regarding this.

  16. An intriguing conversation deserves remark. I think that you need to write much more on this topic, it could not be a frowned on topic but typically individuals are insufficient to speak on such subjects. To the next. Thanks

  17. Can I just say what a relief to discover somebody who really understands what theyre talking about on the net. You absolutely understand exactly how to bring an issue to light and also make it crucial. More people require to read this and also comprehend this side of the story. I angle believe youre not much more prominent since you certainly have the present.

  18. Im impressed, I must say. Really not often do I encounter a weblog thats each educative and entertaining, and let me let you know, you have hit the nail on the head. Your idea is excellent; the problem is one thing that not sufficient people are speaking intelligently about. I am very completely satisfied that I stumbled across this in my search for something referring to this.

  19. I have seen a great deal of useful factors on your site about pc’s. However, I’ve got the viewpoint that laptop computers are still not nearly powerful more than enough to be a sensible choice if you usually do tasks that require a great deal of power, including video editing and enhancing. But for world-wide-web surfing, statement processing, and quite a few other popular computer functions they are all right, provided you never mind the tiny screen size. Thank you sharing your opinions.

  20. I think this is among the most important info for me. And i’m glad reading your article. But wanna remark on few general things, The web site style is perfect, the articles is really great : D. Good job, cheers

  21. I have learned some important things through your post. I’d also like to convey that there will be a situation where you will get a loan and don’t need a cosigner such as a U.S. Student Aid Loan. However, if you are getting financing through a standard bank then you need to be made ready to have a co-signer ready to enable you to. The lenders can base that decision over a few variables but the main one will be your credit ratings. There are some loan providers that will likewise look at your work history and decide based on this but in almost all cases it will hinge on your scores.

  22. One more thing I would like to mention is that as an alternative to trying to match all your online degree lessons on days that you finish off work (considering that people are drained when they go back home), try to receive most of your instructional classes on the saturdays and sundays and only a couple courses on weekdays, even if it means a little time off your weekend. This is fantastic because on the saturdays and sundays, you will be extra rested as well as concentrated in school work. Many thanks for the different suggestions I have figured out from your web site.

  23. Aw, this was an actually nice blog post. In concept I wish to place in creating such as this in addition? taking some time as well as real effort to make a great short article? however what can I claim? I postpone alot as well as never appear to obtain something done.

  24. Oh my benefits! an outstanding write-up guy. Thank you Nevertheless I am experiencing problem with ur rss. Don?t recognize why Not able to subscribe to it. Is there anyone obtaining the same rss issue? Any individual who recognizes kindly react. Thnkx

  25. We are a group of volunteers and starting a new scheme in our community. Your site offered us with valuable info to work on. You’ve done a formidable job and our whole community will be thankful to you.

  26. Aw, this was a really nice post. In idea I would like to put in writing like this moreover – taking time and precise effort to make an excellent article… however what can I say… I procrastinate alot and on no account seem to get something done.

  27. Thank you, I have recently been searching for info about this topic for a long time and yours is the best I’ve discovered till now. However, what in regards to the conclusion? Are you sure about the source?

  28. Have you ever thought about creating an e-book or guest authoring on other sites? I have a blog based on the same subjects you discuss and would really like to have you share some stories/information. I know my audience would enjoy your work. If you are even remotely interested, feel free to send me an e-mail.

  29. Great post however , I was wondering if you could write a litte more on this topic? I’d be very thankful if you could elaborate a little bit more. Cheers!

  30. Thank you for your entire efforts on this web page. My daughter takes pleasure in working on investigation and it’s easy to see why. A lot of people learn all relating to the lively method you create useful information on the web blog and as well as boost contribution from website visitors on that concept then our own child is truly being taught a whole lot. Take advantage of the rest of the new year. You’re conducting a tremendous job.

  31. I together with my pals were found to be going through the best tactics found on the website while suddenly I had an awful suspicion I had not thanked the web blog owner for those secrets. All the men had been so joyful to read through all of them and have undoubtedly been taking advantage of those things. Thanks for being simply accommodating as well as for selecting this kind of impressive guides millions of individuals are really needing to discover. Our own honest regret for not expressing appreciation to you earlier.

  32. I must point out my love for your generosity in support of men who really want help with this one situation. Your real commitment to getting the solution along was wonderfully valuable and has in every case enabled girls just like me to reach their pursuits. Your entire valuable publication denotes this much a person like me and still more to my peers. Regards; from everyone of us.

  33. There are absolutely a lot of information like that to take into consideration. That is a fantastic indicate raise. I provide the thoughts over as basic ideas but plainly there are questions like the one you bring up where the most essential thing will be working in honest good faith. I don?t know if finest methods have actually arised around points like that, but I am sure that your work is plainly recognized as a level playing field. Both young boys as well as ladies feel the impact of simply a moment?s pleasure, for the remainder of their lives.

  34. I was really happy to locate this web-site. I wanted to many thanks for your time for this wonderful read!! I definitely appreciating every little of it and also I have you bookmarked to look into brand-new stuff you blog post.

  35. I was just searching for this information for some time. After 6 hours of continuous Googleing, finally I got it in your website. I wonder what’s the lack of Google strategy that do not rank this kind of informative sites in top of the list. Normally the top sites are full of garbage.

  36. Aw, this was a truly great article. In concept I wish to place in writing such as this in addition? taking some time as well as real initiative to make an excellent post? however what can I state? I put things off alot and by no means appear to obtain something done.

  37. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your webpage? My blog is in the very same niche as yours and my visitors would certainly benefit from some of the information you provide here. Please let me know if this ok with you. Many thanks!

  38. I?m pleased, I need to say. Actually hardly ever do I encounter a blog site that?s both enlightening and also entertaining, and let me tell you, you have actually hit the nail on the head. Your concept is impressive; the problem is something that insufficient people are talking smartly about. I am really happy that I stumbled across this in my look for something relating to this.

  39. This is the ideal blog site for anyone that wants to find out about this topic. You recognize so much its almost tough to argue with you (not that I really would want?HaHa). You certainly placed a brand-new spin on a topic thats been written about for several years. Excellent stuff, simply great!

  40. There are some intriguing times in this article however I don?t recognize if I see every one of them center to heart. There is some legitimacy yet I will certainly hold opinion up until I explore it even more. Good post, thanks as well as we desire a lot more! Included in FeedBurner also

  41. The following time I read a blog, I really hope that it does not disappoint me as long as this one. I imply, I recognize it was my selection to review, but I in fact assumed youd have something interesting to claim. All I hear is a lot of whining concerning something that you might repair if you werent also active searching for focus.

  42. I’m not sure why but this website is loading very slow for me. Is anyone else having this problem or is it a problem on my end? I’ll check back later and see if the problem still exists.

  43. Amazing! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same layout and design. Outstanding choice of colors!

  44. Excellent blog here! Additionally your site a lot up very fast! What web host are you the use of? Can I get your affiliate link to your host? I wish my website loaded up as quickly as yours lol

  45. Good blog! I truly love how it is easy on my eyes and the data are well written. I am wondering how I could be notified when a new post has been made. I have subscribed to your RSS which must do the trick! Have a great day!

  46. You can certainly see your skills within the paintings you write. The world hopes for more passionate writers such as you who are not afraid to mention how they believe. Always go after your heart.

  47. wonderful points altogether, you simply won a emblem new reader. What might you recommend in regards to your publish that you just made a few days ago? Any positive?

  48. I have discovered some new things from your web site about pc’s. Another thing I have always considered is that laptop computers have become an item that each household must have for several reasons. They provide convenient ways in which to organize homes, pay bills, shop, study, hear music as well as watch tv programs. An innovative approach to complete every one of these tasks is with a mobile computer. These pc’s are mobile ones, small, potent and convenient.

  49. I genuinely enjoy reading through on this web site , it has got fantastic blog posts. “Violence commands both literature and life, and violence is always crude and distorted.” by Ellen Glasgow.

  50. I simply couldn’t go away your website prior to suggesting that I actually enjoyed the usual info a person provide to your visitors? Is going to be back often in order to check up on new posts

  51. Nice read, I just passed this onto a colleague who was doing a little research on that. And he actually bought me lunch because I found it for him smile Therefore let me rephrase that: Thank you for lunch! “Curiosity will conquer fear even more than bravery will.” by James Stephens.

  52. I don’t even know how I ended up right here, however I assumed this publish used to be good. I do not recognise who you are however certainly you’re going to a well-known blogger should you are not already 😉 Cheers!

  53. Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with some pics to drive the message home a little bit, but instead of that, this is wonderful blog. A great read. I will certainly be back.

  54. I am commenting to let you be aware of of the cool encounter my friend’s child went through reading your web page. She realized too many issues, with the inclusion of how it is like to have an ideal coaching spirit to have other people completely master various grueling matters. You undoubtedly exceeded our expectations. Thank you for presenting such important, trusted, edifying and even easy tips about your topic to Emily.

  55. There are definitely a variety of details like that to take into consideration. That may be a nice level to carry up. I offer the ideas above as general inspiration however clearly there are questions just like the one you carry up the place a very powerful factor shall be working in honest good faith. I don?t know if finest practices have emerged round issues like that, but I’m positive that your job is clearly recognized as a good game. Both girls and boys feel the affect of only a moment’s pleasure, for the remainder of their lives.

  56. Thank you for every other informative site. Where else may just I get that type of information written in such an ideal means? I have a mission that I’m just now running on, and I have been on the glance out for such info.

  57. Very nice post. I just stumbled upon your weblog and wished to say that I have truly enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again very soon!

  58. Thank you for some other informative site. Where else could I am getting that type of information written in such an ideal way? I’ve a challenge that I’m simply now operating on, and I’ve been at the glance out for such information.

  59. Whats up very cool website!! Guy .. Excellent .. Wonderful .. I will bookmark your site and take the feeds also…I am happy to seek out numerous useful information right here in the submit, we need work out more strategies on this regard, thanks for sharing.

  60. Hey! I’m at work browsing your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the great work!

  61. I’m not sure where you’re getting your information, but good topic. I needs to spend some time learning more or understanding more. Thanks for great information I was looking for this info for my mission.

  62. Thanks for sharing superb informations. Your website is very cool. I’m impressed by the details that you’ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for more articles. You, my friend, ROCK! I found just the info I already searched everywhere and simply could not come across. What a great site.

  63. It’s really a nice and useful piece of info. I’m happy that you just shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.

  64. Thank you, I’ve just been looking for information about this topic for a while and yours is the greatest I have came upon so far. However, what concerning the conclusion? Are you positive in regards to the supply?

  65. Thanks for your personal marvelous posting! I genuinely enjoyed reading it, you happen to be a great author.I will always bookmark your blog and will often come back down the road. I want to encourage that you continue your great job, have a nice afternoon!

  66. I will immediately clutch your rss as I can not find your e-mail subscription hyperlink or e-newsletter service. Do you have any? Please allow me know in order that I may subscribe. Thanks.

  67. I am often to running a blog and i really appreciate your content. The article has really peaks my interest. I’m going to bookmark your website and maintain checking for new information.

  68. Hiya, I am really glad I’ve found this information. Nowadays bloggers publish only about gossips and web and this is actually irritating. A good web site with exciting content, that’s what I need. Thank you for keeping this web site, I will be visiting it. Do you do newsletters? Can not find it.

  69. I’m writing to make you know what a wonderful discovery my wife’s princess had browsing your site. She realized such a lot of things, with the inclusion of how it is like to have a wonderful giving style to have many others really easily thoroughly grasp certain impossible subject matter. You really did more than my expectations. Many thanks for rendering such practical, trustworthy, edifying not to mention unique tips on the topic to Lizeth.

  70. I and my buddies have already been viewing the good secrets and techniques on the blog while instantly got a terrible feeling I never expressed respect to the web blog owner for those tips. All the guys are already totally stimulated to see them and have now clearly been enjoying those things. Thanks for actually being indeed kind and also for using some very good guides most people are really desperate to be informed on. Our own honest apologies for not saying thanks to sooner.

  71. I like what you guys are up too. Such smart work and reporting! Carry on the superb works guys I’ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site :).

  72. Thanks , I have just been looking for information about this topic for ages and yours is the best I’ve came upon till now. But, what about the bottom line? Are you sure in regards to the supply?

  73. You still searching good porn? Can’t you find that? The best free porn pervert tube ever is, is there porn for pervert persons, very exciting porn videos and obviously exciting hot sex with teens. Take a look at this site! Is totally free and without irritating ads(popups and other popunders

  74. Thanks for revealing your ideas. I’d also like to mention that video games have been actually evolving. Modern tools and innovations have made it easier to create realistic and fun games. These kinds of entertainment video games were not that sensible when the actual concept was first of all being experimented with. Just like other styles of technologies, video games way too have had to advance by many ages. This itself is testimony for the fast growth and development of video games.

  75. What i do not realize is in fact how you are no longer really much more well-favored than you may be right now. You’re very intelligent. You understand thus considerably when it comes to this topic, produced me individually imagine it from numerous various angles. Its like men and women are not interested except it¡¦s something to accomplish with Lady gaga! Your own stuffs nice. At all times take care of it up!

  76. You still searching good porn? Can’t you find that? The best free porn pervert tube ever is, is there porn for pervert persons, very exciting porn videos and obviously exciting hot sex with teens. Take a look at this site! Is totally free and without irritating ads(popups and other popunders

  77. Please let me know if you’re looking for a article author for your blog. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d love to write some material for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Cheers!

Comments are closed.