|Image credit: scmagazine.com|
Sunday, 22 March 2020
Preamble: According to worldometers.info/coronavirus, there are currently 335,366 coronavirus cases in 191 countries and territories around the world. Out of this number, about 97,595 (87%) of COVID-19 patients recovered and 14,611 deaths (13%) were recorded as at 2200Hours GMT, 22/03/2020. This suggests that a coronavirus infection is not necessarily a death sentence as people actually recover from it. On the economic side, the United Nations Secretary-General Antonio Guterres warned on Thursday that a global recession "is a near certainty" and current national responses to the coronavirus pandemic "will not address the global scale and complexity of the crisis." Corroborating the assertion of the UN Secretary General, Nigeria’s Presidential Economic Advisory Council (PECA) warns that Nigeria could slip into another recession sequel to the impact of coronavirus on global economy, which includes the crash of oil price.