• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

COVID-19: Survey confirms job losses, hardship for Nigerians

Bamidele Samuel Adesoji by Bamidele Samuel Adesoji
June 8, 2020
in Business News, Socio Economic, Spotlight
Dealing with financial emergencies, COVID-19: Survey confirms job losses, hardship for Nigerians
Share on FacebookShare on TwitterShare on Linkedin

Nigerians are losing their jobs as both individuals and firms face undaunted challenges due to the snowballing effects of the COVID-19 pandemic currently ravaging the economy.  

According to the maiden report of COVID-19 impact monitoring survey recently released by the National Bureau of Statistics (NBS), the impact of COVID-19 pandemic on employment and income of Nigerians have been widespread. 

Majority already lost their jobs 

RelatedStories

Food items,

Top 10 Nigerian states with highest food inflation in May 2025, Borno tops the chart 

June 19, 2025
Top 10 most affordable states to live in Nigeria – May 2025 ranking  

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025

Out of the 1,950 households surveyed on a nationally representative sample, 42% of the respondents who were working before the outbreak were no longer working the week preceding the interview for reasons related to COVID-19.  

Further breakdown showed that the poorest households (from the lowest consumption quintile) reported the highest share of Nigerians who stopped working (45%), while 35% of the wealthiest household also affected.  

READ ALSO: AfDB institutes fiduciary measures to monitor COVID-19 funds for Nigeria

Also, a high rate of households reported income loss since mid-March 2020, as 79% of households reported that their total income decreased. Basically, while income from all sources were affected, the rate was highest for income from non-farm family business (85%) compared to household farming, livestock or fishing (73%) and wage employment (58%).  

Commerce, Services and Agriculture sectors are the hardest hit 

Further details provided showed that Nigerians working in almost all the sectors were affected by the COVID-19 pandemic. However, the commerce, services and agriculture sectors were reported to have recorded the highest number of layoffs.  

According to the report, 14% of respondents were working in the commerce sector before the outbreak but have since stopped working due to COVID-19. This is equivalent to 60% of all those working in the sector prior to the pandemic.  

READ ALSO: UPDATED: FG declares June 12 public holiday

In all sectors, respondents that stopped working reported that COVID-19 related economic impacts were the primary cause of their lay-offs.  

Download the Nairametrics App

Low access to basic needs  

In a similar light, it was revealed that a high percentage of households could not afford needs such as staple foods, soap and cleaning supplies and access to treatment. 

According to the NBS, between 35-59% of households could not afford to buy staple foods like yam, rice and beans during the 7 days prior to the interview when they needed them. Also, soap and cleaning supplies were the most commonly needed items by the surveyed households, though most households were able to purchase these items.  

Meanwhile, 26% of households who needed medical treatment were not able to get them.  

READ MORE: NNPC commences construction of N21 billion medical facility in Kaduna

Adopting coping mechanisms 

According to the NBS report, many households appear to be turning to coping mechanisms that can have further negative impacts of disruption caused by COVID-19 pandemic. The Bureau stated that Nigerians captured in the survey experienced serious disruptions of economic activities, particularly nonfarm business closure (36%) and farming activities (29%).  

While households are facing economic shocks, they are also attempting to adapt and cope with the current realties. Some of the coping mechanisms household are adopting include reducing food consumption (51% of all households) and drawing down their savings (29%). 


Follow us for Breaking News and Market Intelligence.
Tags: Business NewsCovid-19National Bureau of StatisticsNigeria News
Bamidele Samuel Adesoji

Bamidele Samuel Adesoji

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

Related Posts

Food items,
Economy

Top 10 Nigerian states with highest food inflation in May 2025, Borno tops the chart 

June 19, 2025
Top 10 most affordable states to live in Nigeria – May 2025 ranking  
Economy

Top 10 most affordable states to live in Nigeria – May 2025 ranking  

June 18, 2025
crude oil
Economy

Crude becomes Nigeria’s third largest import as local refineries seek foreign oil 

June 17, 2025
Top 10 most expensive states to live in Nigeria in May 2025 
Economy

Top 10 most expensive states to live in Nigeria in May 2025 

June 16, 2025
India to Become Nigeria’s Largest Export Corridor by 2030_ Report
Agriculture

Top 10 export destinations for Nigeria in Q1 2025: India takes the lead

June 14, 2025
Petrol import in Nigeria drops by 3.58 billion litres after ‘subsidy removal’ 
Energy

Nigeria’s petrol import bill crashes by 54% in Q1 2025 as Dangote boosts local supply 

June 12, 2025
Next Post
Nigeria and 6 other countries to benefit from AfDB $1 million technical grant for sustainable transport

AfDB debars firm for 21 months over fraud, corrupt practices

Comments 1

  1. Kehi de Bello says:
    November 4, 2020 at 4:22 pm

    Bamidele Samuel Adesoji.

    More power to your elbow. We are really proud of you.
    From the department of Economics, Obafemi Awolowo University, Ile-Ife. Nigeria.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • New SIM activation, swap disrupted nationwide as telcos migrate to new NIMC platform 
  • Unified Payments partners with Without Capes to instill life values in Nigerian students 
  • U.S. to replace aid programs in Africa, other developing regions with targeted investment approach from July 1 

Follow us on social media:

Recent News

sim card

New SIM activation, swap disrupted nationwide as telcos migrate to new NIMC platform 

July 1, 2025
Unified Payments partners with Without Capes to instill life values in Nigerian students 

Unified Payments partners with Without Capes to instill life values in Nigerian students 

July 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics