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COVID -19: Nigerian companies have records of innovation to turn pandemic challenge to gold

COVID -19: Nigerian companies have records of innovation to turn pandemic challenge to gold

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There is no doubt that the COVID-19 pandemic has proven to be a serious challenge to the global economy, Nigeria inclusive.

 

However, I seriously think that within this challenge, there are opportunities for Nigeria to scale as a nation. The opportunities abound. Such growth will only happen if Nigerian companies and innovators are encouraged to make use of the window of opportunity presented by the crises orchestrated by the pandemic.

 

 

Nigeria indeed has the population and human capital capabilities. Beyond population, Nigeria needs a critical ingredient to make use of the chance to succeed presented by this pandemic.

 

Nations like the US, China, and India give us a gleam of what such an ingredient should be. These nations are not just known for their huge populations, but for their innovative ideas. Therein lies the answer to Nigeria’s quest to defeating the pandemic and turning it to a thing of blessing in disguise: innovation that is readily supported by the Federal Government.

 

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BUSINESS NEWSCOVID -19: Nigerian companies have records of innovation to turn pandemic challenge to gold
There is no doubt that the COVID-19 pandemic has proven to be a serious challenge to the global economy, Nigeria inclusive.

Published 1 day ago on May 10, 2020By Op-Ed Contributor
SHARETWEET
Wealth.ng
There is no doubt that the COVID-19 pandemic has proven to be a serious challenge to the global economy, Nigeria inclusive. However, I seriously think that within this challenge, there are opportunities for Nigeria to scale as a nation. The opportunities abound. Such growth will only happen if Nigerian companies and innovators are encouraged to make use of the window of opportunity presented by the crises orchestrated by the pandemic.

Nigeria indeed has the population and human capital capabilities. Beyond population, Nigeria needs a critical ingredient to make use of the chance to succeed presented by this pandemic. Nations like the US, China, and India give us a gleam of what such an ingredient should be. These nations are not just known for their huge populations, but for their innovative ideas. Therein lies the answer to Nigeria’s quest to defeating the pandemic and turning it to a thing of blessing in disguise: innovation that is readily supported by the Federal Government.

 

Instead of looking inward to explore the natural and human resources available to fight the pandemic, the Federal Government seems to be more interested in promoting other countries’ ideas and innovations.

 

Let us take the issue of face masks, for example. Nigerians were shocked when the Nigeria Centre for Disease Control (NCDC) said Nigeria was exploring the option to import one million face masks from China. I find such a plan as preposterous in this era when the government should be creating workable strategies to rescue the Nigerian economy from being asphyxiated.

 

It is said that this is happening at a time when Nigeria is seriously seeking an alternative to crude oil to live on. Worse still, it is happening at a time when millions of Nigerians are set to lose their jobs and other means of livelihood as a result of the harsh economic impacts of the COVID-19 pandemic. By relying on imported face masks from China, Nigeria is inadvertently creating a huge number of jobs in the Chinese economy at the detriment of poor Nigerians.

 

 

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