Monday, February 08,2021 08:00 PM / by B. Adedipe Associates Ltd/ Header ImageCredit:  B. Adedipe Associates Ltd

Starter: Transiting 2020 to 2021

"Covid-19 has not just pummelled the global economy. It haschanged the trajectory of the three big forces that are shaping the modernworld. Globalisation has been truncated. The digital revolution hasbeen radically accelerated. And the geopolitical rivalry between Americaand China has intensified. At the same time, the pandemic has worsened one oftoday's great scourges: inequality. And by showing the toll of beingunprepared for a low-probability, high-impact disaster, it has focused moreminds on the coming century's inevitable and even higher-impact disaster, thatof climate change. All this means there is no going back to thepre-covid world." Economist

"COVID-19has created a massive humanitarian challenge: millions ill and hundreds ofthousands of lives lost; soaring unemployment rates in the world's most robusteconomies; food banks stretched beyond capacity; governments straining todeliver critical services. The pandemic is also a challenge for businesses--and their CEOs --unlike any they have ever faced, forcing an abruptdislocation of how employees work, how customers behave, how supplychainsfunction, and even what ultimately constitutes business performance." McKinsey

COVID 19: Pre-existing Vulnerabilities

Nigeria: Misery Index

Nigerian Economy: September 2020

Sectoral Contributions to GDP 

Observations

Economic Growth Trend (2013 Q3 2020)

Nigeria: External Sector

Heavily Import oriented!

Nigeria: Real Sector

Impacted, but recoveringManufacturing!

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