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| Image credit: scmagazine.com |
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.
