Social, food businesses lose N300b to COVID-19Nigeria — The Guardian Nigeria News – Nigeria and World News

57


PHOTO: Pressherald

• Thousands lose jobs to pandemic
• Hoteliers warn of grave consequences, seek bailout

As COVID-19-induced lockdown continues to affect businesses in the hospitality and social industries, commercial chicken, egg and catfish farmers have been counting losses in billions. This is largely due to the inability to sell their products in commercial quantities.

Industry players told The Guardian the shutdown of schools, social businesses, and worship centres had triggered socio-economic challenges leading to job losses and adversely affecting flow of resources, loan repayment, food and income security, among others.

Hotels, event centres, night clubs, bar and joints have remained shut down. Similarly, gatherings for burials, weddings and birthdays, with associated businesses of fashion designers, event organisers, caterers, confectioners and food vendors have been affected.

In Lagos alone, the number of registered hotels, event centres, bars, food service chains,…



Source: Guardian Newspaper