Coronavirus Is Coming for Nigeria -- and Its Economy
MIN READMar 16, 2020 | 13:46 GMT
A security official administers hand sanitizer in Lagos, Nigeria, on Feb. 28, 2020. The city's 20 million residents scrambled for hygiene products following the announcement of the first confirmed case of coronavirus in sub-Saharan Africa.
(PIUS UTOMI EKPEI/AFP via Getty Images)
As the coronavirus pandemic seeps into more corners of the world, sub-Saharan Africa has so far come out relatively unscathed. But there are signs the virus is now starting to make its way across the vast region -- and as it does, Africa's most populous country and largest economy, Nigeria, could face some of the sharpest losses.
Like most of its African peers, Nigeria has an extremely vulnerable and overtaxed health care system that could buckle under the weight of an outbreak. But even if Nigeria somehow evades a wider contagion, the growing number of coronavirus cases elsewhere in the world will still risk tipping the country into crisis by slashing demand for its vital oil exports....