COVID-19 And Nigeria: Sectors To Watch Out For Post COVID-19

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The outbreak of COVID-19, which has become a full-blown pandemic, is restructuring the world economic order, disrupting traditional business models and testing the strength of even the most stable economies around the world.

As a result, organizations are modifying their business continuity plans (BCPs) to contain the effect of the crisis, while, some are at the thinking phase, others are positioning to ahead of the post-crisis era. The above notwithstanding, COVID-19 outbreak has certainly created a silver lining for some sectors going forward.

The public health care sector will witness renewed focus amid efforts to beat the coronavirus and avert future recurrence. Already, the CBN has introduced an N100bn credit support facility for the sector with operational life spanning till 2030.

Similarly, the FG is borrowings from multilateral organizations to improve healthcare. Beyond infrastructure, medical supplies and personal protective equipment, face masks & shield, gloves, gowns, hand washers, soap hand sanitizers, and other medical kits are sub-sectors to watch within the healthcare value chain.

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COVID-19 And Nigeria: Sectors To Watch Out For Post COVID-19 - Brand Spur

Furthermore, cleaning services, shopping delivery services, (including the use of drones), video conferencing, digital solutions and telecom services are expected to boom.

Read Also:  Nigeria’s unemployment distribution pattern: A case of resource curse?

Meanwhile, Commercial Real Estate (CRE) may suffer as the organizations examine the pros & cons of working from home (WFH). Nonetheless, the Housing sector in Nigeria rebound bolstered by the CBN’s plan to intervene via mortgage financing and institutional capacity.

United Capital Research

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