• About
  • Contact Us
Friday, March 24, 2023
The Gist Day
No Result
View All Result
  • Login
  • News
    • All
    • National
    NNPC Ltd. Is Not Recruiting - Spokesman

    Fuel Subsidy: Nigeria loses enormous infrastructure development worth trillions of Naira — NNPCL

    Labour Party presidential candidate, Peter Obi, addresses the press at his hometown in Agulu, Anambra state {PHOTOS}

    Ramadan: Atiku urges Muslims to seek spiritual guidance, peace

    Gov Yahaya mourns ex-Gombe Speaker Nasiru Nono

    Gov Yahaya mourns ex-Gombe Speaker Nasiru Nono

    Ike Ekweremadu

    Ekweremadu, Wife, Doctor Found Guilty Of Organ Trafficking

    Wike Issues AIT Quit Notice, Orders Media House to Vacate Premises in 48 Hours

    Wike Issues AIT Quit Notice, Orders Media House to Vacate Premises in 48 Hours

    Adamawa Monarch Demands Sanusi’s Restoration

    Adamawa Monarch Demands Sanusi’s Restoration

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
  • News
    • All
    • National
    NNPC Ltd. Is Not Recruiting - Spokesman

    Fuel Subsidy: Nigeria loses enormous infrastructure development worth trillions of Naira — NNPCL

    Labour Party presidential candidate, Peter Obi, addresses the press at his hometown in Agulu, Anambra state {PHOTOS}

    Ramadan: Atiku urges Muslims to seek spiritual guidance, peace

    Gov Yahaya mourns ex-Gombe Speaker Nasiru Nono

    Gov Yahaya mourns ex-Gombe Speaker Nasiru Nono

    Ike Ekweremadu

    Ekweremadu, Wife, Doctor Found Guilty Of Organ Trafficking

    Wike Issues AIT Quit Notice, Orders Media House to Vacate Premises in 48 Hours

    Wike Issues AIT Quit Notice, Orders Media House to Vacate Premises in 48 Hours

    Adamawa Monarch Demands Sanusi’s Restoration

    Adamawa Monarch Demands Sanusi’s Restoration

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Pandemic, An Eye-Opener For Nigeria – Emefiele

Emmanuel Onminyi by Emmanuel Onminyi
April 15, 2020
in Business, Coronavirus, Economy, Health, National, News
0
CBN COVID-19 BB Naija Biafra

Godwin Emefiele

0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, has advised that Nigeria must not allow the bitter lessons of the coronavirus pandemic to go to waste.

READ ALSO: CBN Denies Charging Fees On COVID-19 Loan

READ ALSO

Estonia ranks as easiest European country to obtain a work visa; apply for jobs via official website

Dangote Cement to pay about N340billion dividend on Friday, April 14th

He said that Nigerians should learn from other countries that looked inwards and adopted drastic measures to protect their people and economies.

Emefiele, while noting the devastation of the COVID-19 pandemic on countries and the global economy, said the novel disease has “rapidly permeated and profoundly changed the world.”

The CBN Governor said that the crisis, which has led to a public health challenge, claiming the lives of over 123,600 people globally, has done incalculable damages to the global economy.

He revealed that global airlines lost about $252 billion in revenue, with the pain growing across other industries, from hospitality to services, apart from crude oil prices, which have declined.

The CBN governor said:

These outcomes have expectedly thrown the global economy into a recession, the depth and duration of which is currently difficult to fathom.

In fact, the International Monetary Fund, IMF, predicts that the global economy would decline by 3 per cent this year.

Emefiele said that the crisis has forced countries to move away from multilateralism, by “fighting for themselves with several measures to protect their own people and economies, regardless of the spillover effects on the rest of the world.”

Emefiele citing the World Customs Organisation statistics said that about 32 countries and territories adopted stringent and immediate export restrictions on critical medical supplies and drugs specifically meant to respond to COVID-19 pandemic.

As of April 10, the Global Trade Alert Team at the University of St. Gallen, Switzerland said about 75 countries adopted 102 export restriction policies, with Germany announcing export ban on all medical protection gears, including breathing masks, medical gloves and protective suits.

Also, French President, Emmanuel Macron, announced his country’s requisition of all face masks produced in the country, while India, between February 8 and April 6, released eight different export notifications banning several drugs and medical supplies.

Tags: CBNCOVID-19Nigeria

Related Posts

Estonia ranks as easiest European country to obtain a work visa; apply for jobs via official website
Business

Estonia ranks as easiest European country to obtain a work visa; apply for jobs via official website

March 24, 2023
Dangote Wins ECOWAS Manufacturing Excellence Awards
Business

Dangote Cement to pay about N340billion dividend on Friday, April 14th

March 24, 2023
Nigeria Naira Exchange Rate
Business

Naira falls to dollar, exchanges at N461.67

March 24, 2023
Nigeria Air will fly before May 29 – Sirika
Business

Nigeria Air will fly before May 29 – Sirika

March 24, 2023
NNPC Ltd. Is Not Recruiting - Spokesman
News

Fuel Subsidy: Nigeria loses enormous infrastructure development worth trillions of Naira — NNPCL

March 24, 2023
AFDB
Business

AfDB invests over $5.2bn to support Africa’s water, sanitation

March 24, 2023

glo
app




app
GTBank ADs GTBank ADs GTBank ADs

LATEST NEWS

Let Lagos State Be by Femi Okunnu, SAN

Let Lagos State Be by Femi Okunnu, SAN

March 23, 2023
Neo Reacts After Man Threatens To Beat Up His Girlfriend, Vee

“I didn’t expect to be hurt” BBNaija’s Vee Iye opens up on her break-up with Neo Akpofure (Video)

March 23, 2023
Dollar To Naira Black Market Exchange Rate Today 23rd December 2022

Dollar To Naira Black Market Exchange Rate Today 23rd March 2023

March 23, 2023
Discovering The Real Impact of COVID-19 On ‘Yeye Rewane’s’ Business

Discovering The Real Impact of COVID-19 On ‘Yeye Rewane’s’ Business

July 13, 2020
Larissa London celebrates her and singer Davido’s son as he turns 3

Larissa London celebrates her and singer Davido’s son as he turns 3

March 23, 2023

EDITOR'S PICK

Kaduna Nigeria Soldiers Bandits

Bandit Attack: Kaduna Shuts Down Telecom Service, Bans Commercial Motorcycle

September 29, 2021
UPDATE: Osinbajo’s Surgical Procedure Successful–Medics

UPDATE: Osinbajo’s Surgical Procedure Successful–Doctors

July 17, 2022
NSCDC Condemns Alleged Assault of Yinka Ayefele By Its Operative

NSCDC Condemns Alleged Assault of Yinka Ayefele By Its Operative

September 2, 2022
Latest Political News In Nigeria For Today, Monday, 3rd October, 2022

Latest Political News In Nigeria For Today, Monday, 8th August, 2022

August 8, 2022

About

We bring you the stories that perfect for news, finance, politics etc. Check our landing page for details.

Follow us

Categories

  • A Call to Prayer
  • Agriculture
  • Appointments
  • Business
  • Celebrities
  • Coronavirus
  • Corporate Amazon
  • Economy
  • Education
  • Entertainment
  • Environment
  • Fashion
  • Financial Literacy
  • From the Kaaba
  • From the Pulpit
  • Gist & Jabs
  • Health
  • Jobmart
  • Lifestyle
  • Living
  • Metro Gist
  • National
  • News
  • Op-Ed
  • Opinion
  • Politics
  • Press Release
  • Religion
  • Sport
  • State News
  • Tech
  • Tourism
  • Travel
  • Uncategorized
  • World News

Recent Posts

  • Broda Shaggi say he makes over ₦‎20 million a month from creating contents
  • Estonia ranks as easiest European country to obtain a work visa; apply for jobs via official website
  • Nigeria Air to fly before May 29 – Sirika
  • Dangote Cement to pay about N340billion dividend on Friday, April 14th
  • Disclaimer
  • Google Adsense
  • Home 2
  • Ikoyi building collapse: Corper who redeployed from Borno to Lagos, confirmed dead
  • Leaked Conversation: There Will Know Peace Until Hope Uzodimma Leaves Government House – Emeka Ihedioha
  • MAN Condemns Invasion Of Dangote Cement Plant By Kogi State Govt
  • Privacy Policy
  • Sample Page
  • TheGistDay
  • Whitemoney And New Lady Spotted Stepping Out Of Hotel Together (Video)

© 2022 TheGistDay.

No Result
View All Result
  • News
  • Business
  • National
  • Politics
  • Opinion
  • Tech
  • Gist & Jabs
  • Lifestyle
  • Entertainment
  • Health
  • Travel

© 2022 TheGistDay.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In