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Coronavirus Outbreak: Its Cost On Nigerian Businesses

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China is one of Nigeria’s major trading partners as most small and large scale entrepreneurs depend on general imports from the country to thrive.

With the lock-down experienced in some parts of China, there are concerns that Nigeria’s economy could be affected since imports have stopped coming in due to the pandemic.

On Monday, the International Monetary Fund lowered its economic growth forecast for the country from 2.5 to 2% citing falling oil prices.
Looking beyond the barrel, Gist Nigeria visits a few markets, including the popular Chinatown in Lagos to find out how the fear of coronavirus has affected business.

Gist Nigeria is a 30-minute current affairs programme, co-produced by Channels Television and the BBC. The program offers in-depth reporting, focusing on stories behind the news and their impact on its audience.

Gist Nigeria airs at 9pm on Wednesdays on
Channels TV and Channels 24 (UK) on Sky 518.

Show time slots:
WEDNESDAY 9.00pm On CHANNELS TV & CHANNELS 24{UK} On SKY 518 [New Edition] REPEAT: * THURSDAY 3.30pm On DSTV * FRIDAY 6.30pm On Terrestrial * SUNDAY 11.30 am On Terrestrial * SATURDAY 12.30pm CHANNELS 24{UK} ON SKY 518.

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