Thursday, 19 March 2020

THE NEGATIVE IMPACT OF COVID-19 ON LOCAL AND GLOBAL ECONOMIES WILL DETERIORATE

As COVID-19 ravages the world, creates panic and inflicts pains on people, a financial expert has warned that its effects on local and global economy may be worse than envisaged.

Extra-smart Nigerians are getting shares of the new Lagos by acquiring plots, acres and hectares of land at Ibeju Lekki . What are you waiting for? Click: http://www.tectono-business.com/2019/07/have-share-of-new-lagos-by-investing-in.html

Dr. Falil Ayo Abina, Chairman/Founder of AACS (Consulting & Principal Investments), who stated this while participating in the Commonwealth Africa Summit 2020 which was concluded in London at the weekend, said the “the effects of coronavirus on local and global economy will still be felt long after a cure is found for the disease.”

According to Dr. Abina in one of his presentations, “As the world battles with the uncertainty around the spread of the coronavirus, I am worried about the ‘economic pandemic’ it is causing, with markets crashing out of panic. Oil prices have declined from $70/ barrel at the beginning of the year to close to $30/ barrel on the back of declining demand and a glut in supply. When this is considered against a 2020 budget predicated on a benchmark of $57/ barrel in Nigeria, the full effect of the ‘economic pandemic’ starts to be even clearer. This may well prove an even larger challenge in the long run.”

Have you heard that Landwey is giving out plots of land at URBAN PRIME TWO ESTATE at Abraham Adesanya Roundabout, Ajah, Lagos? You can get yours by calling: 08067876251. For details, click: http://www.tectono-business.com/2020/02/urban-prime-two-estate.html

The AACS chairman, who spoke on Thoughts on the Way Forward for Africa in 2020, said despite the many challenges of the continent, it could not afford to rest in the comfort of the status quo. “Instead, we must strive to improve productivity and the overall quality of life across the continent. We must come up with disruptive solutions, create the underlying capacity to bring them to life, and push ourselves to lead in 2020 and beyond,” he added.

He, however, noted that despite significant uncertainty, the African continent is positioned for growth in 2020, adding “living up to this expectation will require African nations to simultaneously execute on outward and inward strategies.” (The Nation)

Have you thought about having a 5-Bedroom Apartment with Penthouse and Indoor Swimming Pool near Pan Atlantic University?  For details, click: http://www.tectono-business.com/2019/08/have-you-thought-about-having-5-bedroom.html

Wow!!! Have you discovered where CEOs and top managers take their vehicles to for body work, painting with Sikkens paint and oven baking? It’s GOF AUTOS LTD. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

Are you aware that many Nigerian exporters have been defrauded in the process of exporting their products? To export successfully and get paid, click: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html 

Do you know that you will minimize the amount of money you spend on food items when we deliver the foods items to you in bulk at reduced price from our farms? For details, click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html

No comments:

Post a comment