The COVID-19 outbreak
across the world has ground activities to a halt in various sectors with
projections that the global economy will suffer a recession.
The World Bank also projects that sub-Saharan Africa’s
economy will slip into its first recession in 25 years.
Although industries like aviation and hospitality have
suffered greatly as a result of travel restrictions, the pandemic has been a
blessing for other sectors.
Here are some of the sectors that are thriving in this
pandemic:
Companies in Nigeria’s IT sector have witnessed an upsurge
in patronage as more states across the country impose lockdown on citizens to
combat the spread of coronavirus.
Companies whose staff now work from home have resorted to
technology products to ensure that operations continue.
Entertainment platforms, including video-on-demand platforms
like IrokoTV, would also enjoy increased patronage during this period.
On the global scene, Zoom and Tik Tok are among apps that
have witnessed an upsurge in usage as the need for virtual connection
increases.
Logistics
Due to the lockdown directive which logistics companies are
exempted from, people now have to depend on logistics service providers to run
errands.
The reduced pump price of petrol would also translate to a
drop in operating costs.
The lockdown directive in Lagos, Ogun and Abuja has
restricted restaurants to pick-up and delivery services meaning that customers
who use the dine-in option would have to choose alternative forms of service.
Telecommunications
With consumers having free time on their hands, telecommunication
companies would record an increase in subscriptions to value-added services.
Although telcos may lose subscriptions by companies, retail
subscribers would increase airtime and data recharges during the lockdown.
Power
The power sector is not limited to the electricity
generating and distribution companies.
Although residential power consumption would increase during
the period of the lockdown, the epileptic power supply would deprive DisCos of
earning the maximum revenue possible from consumers.
Thus, consumers would seek alternative power sources to
provide electricity for their homes.
Generator and solar panel dealers would experience increased
patronage during the period of the lockdown.
Dealers would have to use social media and logistics
companies to reach customers.
Health care
Nigeria’s healthcare sector has received interventions and
donations from different quarters to ensure that frontline workers have the
equipment needed to treat COVID-19.
At the end of the crisis, some of the country’s hospitals
would be able to boast of more equipment and some laboratories, better
capacity.
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