The nation may lose $3.5bn to the Ebola epidemic by December this year, if nothing is done to contain the spread of the deadly disease.
The Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane, who stated this in the firm’s latest report on Friday, said the fear of the disease had affected economic activities significantly.
According to him, the sectors of the economy mostly affected by the fear of the disease are aviation, tourism and hospitality, trade, medical and agriculture.
He added, “Analysing these sectors’ contribution to the Gross Domestic Product shows that Nigeria may lose about $2bn in the first quarter of the outbreak. The chance of the outbreak going into a second quarter is very slim; which could extend the loss to $3.5bn.”
Read more below;
http://www.punchng.com/business/money/nigerian-economy-may-lose-3-5bn-to-ebola-rewane/