Nigeria: The Economics of Social Upheavals

[Premium Times] In its recent update to its World Economic Outlook report, the IMF describes the problem currently confronting most economies in the world as a "broad-based aggregate demand shock, compounding near-term supply disruptions due to lockdowns". As economies across the world struggled to flatten the curve of infections and deaths from the SARS-CoV-2 pandemic, the restrictions on movement they implemented meant people could not travel, sleep in hotel rooms far away from home, eat out, or even shop. Workers could