Coronavirus (Covid-19) Economic Impacts, Stimuli and Investment Tips
By Idika Agwu Aja
Uploaded by: Idika Agwu Aja
Giving loans to MSMEs and households, with collateral requirements of the RSSF-DCRR, to cushion the adverse effects of Covid-19 on households and MSMEs whose economic activities have been hampered due to the lockdown may not give the desired impact. BVNs and TIN can be used to inject money directly to these households and MSMEs. Good enough, our interest rate is still manageable, that is not at zero level, to warrant the use of unconventional means such as Quantitative Easing to raise fund. CBN can float emergency bonds at a higher yield to raise money for this, assuming there are no other means. Most Nigerians are daily earners and locking them down may work for a while but extended may result to a revolt and unrest.
About the Author
Idika Agwu Aja