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Coronavirus threatens Small Businesses in Nigeria: Be prepared.

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A friend and colleague, Azeez, called my attention to the effect of coronavirus on the Nigerian economy on the 12th of March, 2020.

 

Things are changing drastically, has the president of United State of America, Donald Trump bans travel from Europe to the US but exempts the UK, a colleague’s friend in New Jersey told him their company has shut down hence all staffs are to work with their Laptop from home. Yes, if they know what to do with the laptop

 

Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed said, our mandate is to make a very quick assessment of the impact of this coronavirus on the economy, especially as it affects the crude oil price”

Nigeria, Others Lose $500m Daily To Oil Price Crash Due to Corona Virus

 

A colleague’s friend told him the population of people on board in his flight reduced by 20% this morning from South Africa; He also told him a school near his house shut down the school for the past 3 days because of coronavirus patient detected in the school.

 

In the last 2 hrs, the Price of Dollar has risen to $1 to 401 naira.

 

Are you thinking of trading, investing?

Let’s be Prepared because something is really happening already.

 

Don’t spend lavishly, the economy is been affected gradually.

Please let us be attentive, Vigilant, Observant, and Careful. A lot is happening that some of us are not seeing but its real.

 

A piece of advice from Azeez to you:

Don’t spend lavishly, The economy is been affected gradually. Please let us be attentive, Vigilant, Observant, and Careful. A lot is happening that some of us are not seeing but its real

 

Market Price is going to start changing rapidly on all imported products, Don’t be eager to sell. Be careful of what market is selling and buying. Know the market price before you get into any Transactions.

Our Survival means a lot to me that’s why I thought of sharing this. Take your time to read.

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