COVID-19 : Pharmaceuticals, Online, Food Businesses, Most Thriving in Abuja
The most thriving businesses in Nigeria during the COVID-19 pandemic include Pharmaceuticals, Food businesses, Online businesses and Businesses providing virtual platforms for meetings.
The Director General of the Abuja Chamber of Commerce and Industry (ACCI) stated this on Wednesday when she appeared on a morning program on Lagos Traffic Radio 96.1fm on Wednesday.
She said Pharmaceutics thrived because of the boost in sale of COVID-19 measures, while online businesses gained as well because of the absence of physical stores to shop.
“Food businesses also gained as expected because people must eat, and surprisingly businesses in the interior decoration as many were forced to stay at home more and hence the need to have the house fixed” she said.
She regretted that the micro businesses, especially those that depend on money they make daily have lost a lot and are struggling to get back to their feet.
She also said businesses in the Tourism Industry, Aviation, Hospitality, Real Estate, Manufacturing, Oil and Gas Industries were badly hit during the pandemic.
“This year has not been good for businesses especially with the COVID-19 pandemic and the recent protest.
“The country could be estimated to have lost about N16b when you relate it to GDP” She said.
She stated that the Chamber during the COVID-19 lockdown introduced a number of initiatives which includes its partnership with Small and Medium Enterprise Development Agency (SMEDAN) where it renders trainings for its members so that they can continue to keep their businesses running.
She also said that the Chamber partnered with some of its members to set up the E-commerce platforms to make for seamless locals and international sales.
“We have a partnership with one of our members, Africhina Ltd where we set up an online trading platform between Nigeria and China” she said.
“We are also in the process of constructing a warehouse where members can bring in their goods and house them at the Chamber. We have also continued capacity building for members by training them through our E-learning platforms and physically putting in place strict COVID-19 measures” she said.
She regretted that at a time when the economy was looking to recover from the impact of COVID-19, the recent protests erupted causing so much damage to the already struggling economy.
“The protests further slowed down business activities, with Abuja losing an estimated sum of N1b. We urge the government to meet with the youths, go back to the drawing board to bring an end to the crisis” she said.