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Coronavirus

Covid-19: Wuhan virus cases may be 10 times more than initially reported

Researchers claim the number of coronavirus infections in the Chinese city of Wuhan could have been 10 times more than official figures.

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The number of coronavirus infections in Wuhan, the Chinese city where the disease was first discovered, may have been more than 10 times what the official figures showed, according to a study by researchers.

According to a report from AFP News Agency, this disclosure is contained in a report by the Chinese Centre for Disease Control (CDC), which suggested that about 4.4% of the Wuhan’s 11 million residents had developed antibodies against the virus causing Covid-19 by April.

READ: Covid-19: CDC revises guidance, says virus can spread through airborne transmission

This comes to around 480,000 infections in Wuhan by April, which is almost 10 times the official tally to date of 50,000 cases in the city.

This study is coming ahead of next month’s visit by a team of international scientists to Wuhan to investigate the origins of the virus and follows months of negotiations with the Chinese government, who had been reluctant to agree to an independent inquiry.

Specta

READ: Covid-19: Second wave more catastrophic, we lost 20 doctors in one week – NMA

China does not include asymptomatic cases in its official tally, which could also explain the discrepancy between the total confirmed cases and the actual number infected.

What some experts are saying

A senior fellow for global health at the Council on Foreign Relations, Huang Yanzhong, said that:

The discrepancy revealed by the CDC’s data may point to potential underreporting due to the chaos in late January and early February when a large number of people were not tested or were not tested accurately for Covid-19.’’

READ: COVID-19: Moderna vaccine 94.5% effective against virus

Qin Ying, a serological expert from the CDC, said on Wednesday that disparities in data were not unique to China.

  • Several countries have already published similar serological surveys and… in most instances the number of people with antibodies against the coronavirus was several times higher than the confirmed case count. So this kind of disparity is a widespread phenomenon.

READ: Covid-19: Nigeria considers international travel ban as new strain gains momentum

What you should know

  • It can be recalled that the coronavirus pandemic, which had killed over 1.7 million people globally was first detected in the city of Wuhan, in China.
  • China has been faced with a lot of criticisms, both locally and internationally, over its initial handling of the virus, which includes failure to report any of the cases for days in early January and even attempts to silence whistle-blowers.
  • However, despite being initially the epicentre of the pandemic, China has largely been able to successfully contain the spread of the virus at home, and was the only major economy to report positive economic growth this year as restrictions on businesses and internal travel were lifted.
  • The total number of confirmed cases in China stands at 87,027 with 4,634 deaths, according to data from the National Health Commission on Wednesday.

READ: COVID-19: 79% of Africans are disposed to taking vaccine – Africa CDC Survey Report

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Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. He has worked in research and marketing departments of three top commercial banks. Chike is a senior member of the Nairametrics Editorial Team. You may contact him via his email- [email protected]

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Coronavirus

South African President appeals to wealthy countries not to hoard COVID-19 vaccines

South African President, Cyril Ramaphosa has called on the world’s wealthiest countries to stop “hoarding” vaccines.

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South Africa High commission in Nigeria shuts its offices, South Africa announces 21-day lockdown following spike in Coronavirus cases

The South African President, Cyril Ramaphosa has urged the world’s wealthiest countries to stop “hoarding” vaccines and called for an end to “vaccine nationalism.”

He made this call at the World Economic Forum’s virtual Davos Agenda event, where he clearly cautioned that some countries had ordered more supplies of vaccines than they needed, and that this was counterproductive to the global recovery effort.

According to him,

  • “Ending the pandemic worldwide will require greater collaboration on the rollout of vaccines, ensuring that no country is left behind in this effort”
  • “The rich countries of the world went out and acquired large doses of vaccines from the developers and manufacturers of these vaccines, and some countries have even gone beyond and acquired up to four times what their populations need”
  • “That was aimed at hoarding these vaccines and now this is being done to the exclusion of other countries in the world that most need this”

What they are saying

According to Africa CDC Director, John Nkengasong, the African continent is quite facing a “very aggressive second wave” of the pandemic, with mortality increasing on average 18% across the 55 African member states last week.

“We as a continent must recognize that vaccines will not be here when we want them, but as such we need to really focus on the public health measures that we know work”

Specta

He however praised the progress of the African Vaccine Acquisition Task (AVAT) Team, which he said was created when AU nations realized “how the world’s richest countries are behaving.”

What you should know

  • South Africa is the country, worst hit by Covid-19 on the continent.
  • As at date, the country had recorded more than 1.4 million cases with 41,117 deaths.
  • The African Vaccine Acquisition Task (AVAT) Team has secured a provisional 270 million doses for AU member states directly, in addition to the 600 million expected from the World Health Organization’s COVAX initiative.

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Coronavirus

IMF optimistic about global economy but warns new Covid variants could affect recovery

IMF is quite optimistic about the fortune of the global economy but expressed fear that the new Covid variant could derail economic recovery.

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IMF

The International Monetary Fund (IMF) has expressed optimism about the global economy but warns that the new COVID 19 variant could affect the global economic growth, according to its latest World Economic Outlook.

According to the report, “the institution now expects the global economy to grow 5.5% this year — a 0.3 percentage point increase from October’s forecasts. It sees global GDP (gross domestic product) expanding by 4.2% in 2022”.

According to its Chief Economist, Gita Gopinath:

  • “Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens.
  • “There remains tremendous uncertainty and prospects vary greatly across countries.
  • China returned to its pre-pandemic projected level in the fourth quarter of 2020, ahead of all large economies. The United States is projected to surpass its pre-Covid levels this year, well ahead of the euro area.
  • “Policy actions should ensure effective support until the recovery is firmly underway, with an emphasis on advancing key imperatives of raising potential output, ensuring participatory growth that benefits all, and accelerating the transition to lower carbon dependence.”

What you should know

  • There has been a surge in the number of reported cases of the new variant Covid-19 infections and deaths over the past few months.
  • The new variant has been described as being more infectious and potentially deadlier than the original strain.
  • The IMF had cut its GDP forecasts for the euro zone this year by 1%.
  • It is being projected that the 19-member region, which has been severely hit by the pandemic, would grow by 4.2% this year.
  • Germany, France, Italy and Spain — the four largest economies in the euro zone — also saw their growth expectations cut for 2021.
  • Economic activity in the region slowed in the final quarter of 2020 and this is expected to continue into the first part of 2021. The IMF does not expect the euro area economy to return to end-of-2019 levels before the end of 2022.
  • IMF revised its GDP forecast upward by 2% points on the back of a strong momentum in the second part of 2020 and additional fiscal support, with GDP expected to grow to 5.1% this year.

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Coronavirus

FG says N10 billion disbursed funds not only for Covid-19 vaccines

FG has clarified that the N10 billion it earlier disbursed was not only for the development of Covid-19 vaccines.

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Nigeria might fall into recession - Budget Office, FG not enjoying dividend of trillions spent on CBN, NPA, other MDAs - Akabueze

The Ministry of Finance, Budget and National Planning has said that the N10 billion it released for vaccine development is not only for the production of Covid-19 vaccines.

This was disclosed by the Director-General of the Budget Office, Mr. Ben Akabueze, representing the Finance Minister during a meeting with the National Assembly Joint Committee on Health on Monday, reported by NTA.

Following the announcement of the disbursement of the sum of N10 billion to the Ministry of Health for the development of Covid-19 vaccine, the Joint Committee scheduled a meeting with the Ministers of Finance and Health for clarifications on the funds.

READ: Covid-19: EU says it will force vaccine companies to respect supply contract

“The joint committee is invited to note that N10 billion has been released, to the Federal Ministry of Health under the budgetary vote referenced in above,” Akabueze said.

Specta

Ibrahim Oloriegbe,  Chairman, Senate Committee on health, said the Committee wanted to know what the use of the funds was for and urged against the implementation of a lockdown.

“We got to see that what was released was in line with what was already there, for preparing the country for all other vaccines arrangements

“So our economy, we only need to live with covid, we cannot with due respect, contaminate Nigeria with a lockdown, it will badly affect our economy,” Oloriegbe said.

READ: Covid-19: U.S. donates field hospital worth $1.3m to Nigeria

The committee also said the total aim is to see how Nigeria can develop its capacity towards the development of vaccines,

The Joint Committee, therefore, resolved that the Minister of Health who was absent at the meeting should appear before it on Tuesday for a breakdown on the proposed use of the funds.

What you should know: Nairametrics reported last week that the Federal Government, through the Ministry of Finance, announced the sum of N10billion for the production of vaccines in Nigeria, to fight the coronavirus.

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