On Monday it was announced that the lockdown in three major Nigerian cities would be extended by another two weeks. This has brought with it fears of financial hardships. To calm these fears, the Nigerian government has announced some measures intended to help ease the burden on individuals and businesses alike.

On a global scale, several countries are setting up fiscal relief policies to help their citizens cope with the effects of the pandemic. The United Nations Conference on Trade and Development (UNCTAD) has said the current situation demands developing countries to do what is necessary to save jobs, lives, and properties.

The Nigerian government has recently announced that it will be disbursing emergency funds to households in its National Social Register of Poor and Vulnerable Households as well as to low-income individuals.

Also, the Central Bank of Nigeria (CBN) has announced a ₦50 billion ($129.4 million) COVID-19 intervention loan for small and medium enterprises in various sectors that have a viable business opportunity in, or have been adversely affected by, the pandemic.

Suggested Read: NITDA Extends Deadline For Filing Annual Data Protection Audit Reports

Tax breaks

The economic effects of COVID-19 have proven to be very tough for businesses to handle, and for some this has caused lay-offs, while a few others have resorted to pay-cuts.

The Finance Act of 2019 already gives tax breaks to small businesses with annual revenues of less than ₦25 million ($64,729) and taxes for medium enterprises have been reduced from 30% to 20%.

Though the existing tax policies were put in place before the lockdown, introducing more incentives and cushions for Nigerian startups needs to come about asap.

The NITDA Committee helping tackle affects of the pandemic says a lot of Nigerian startups could do with tax breaks and incentives during this period. Especially startups most affected by the lockdown such as ride-hailing services, online hospitality, and pro like Airbnb.

Suggested read: Tech Companies That Are Cashing Out Big From The Covid Outbreak

VAT

The lockdown in Nigeria seems to have caused an increase in Internet usage and a possible side effect is an increase in the purchase of goods and services online.

Encouragingly, the Nigerian government has expanded value-added tax exemptions for basic food items as well as medical and pharmaceutical items.

An example of an important service affected by the increase in VAT is telecom services such as voice calls, SMS, data, or banking services such as electronic transfers. Given the restriction of movement, it could be safe to assume that calls, texts, and online transactions have increased, and Nigerians could benefit from a VAT reduction.

Suggested Read: National Broadband Policy Aims For 70% Broadband Penetration By 2025

While these measures may not replace the value of relief for the hungry and the provision of efficient power supply or quality network services, they could go a long way in helping citizens support themselves during the lockdown.

Source: https://techpoint.africa/2020/04/16/financial-nigerias-lockdown-extension/

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160 thoughts on “2 Financial Measures That Cushion Effects of the Lockdown Extension

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  24. Снаружи раздались выстрелы. Знакомства Секс Ст Оскол «Что же это такое? — подумал он, — уж не схожу ли я с ума? Откуда ж эти отражения?!» — он заглянул в переднюю и испуганно закричал: — Груня! Какой тут кот у нас шляется? Откуда он? И кто-то еще с ним?? — Не беспокойтесь, Степан Богданович, — отозвался голос, но не Грунин, а гостя из спальни, — кот этот мой.

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  30. Усталый доктор поглядел на Рюхина и вяло ответил: – Двигательное и речевое возбуждение… бредовые интерпретации… случай, по-видимому, сложный… Шизофрения, надо полагать. секс знакомства без регистрации: лучшие платформы и предостережения В самом деле, ведь не спросишь же его так: «Скажите, заключал ли я вчера с профессором черной магии контракт на тридцать пять тысяч рублей?» Так спрашивать не годится! – Да! – послышался в трубке резкий, неприятный голос Римского.

  31. – Вульф? – жалостно выкрикнула какая-то женщина. Знакомства без регистрации: Реальность или миф? Увидев, в каком состоянии Степан Богданович, артист послал Груню в ближайший гастроном за водкой и закуской, в аптеку за льдом и… – Позвольте с вами рассчитаться, – проскулил убитый Степа и стал искать бумажник.

  32. Плясали свои и приглашенные гости, московские и приезжие, писатель Иоганн из Кронштадта, какой-то Витя Куфтик из Ростова, кажется, режиссер, с лиловым лишаем во всю щеку, плясали виднейшие представители поэтического подраздела МАССОЛИТа, то есть Павианов, Богохульский, Сладкий, Шпичкин и Адельфина Буздяк, плясали неизвестной профессии молодые люди в стрижке боксом, с подбитыми ватой плечами, плясал какой-то очень пожилой с бородой, в которой застряло перышко зеленого лука, плясала с ним пожилая, доедаемая малокровием девушка в оранжевом шелковом измятом платьице. Популярные платформы для знакомств в Ставрополе Пока иностранец совал их редактору, поэт успел разглядеть на карточке напечатанное иностранными буквами слово «профессор» и начальную букву фамилии – двойное «В».

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  51. Worth pointing out that the writing reads as confident without being defensive about it, and a look at vincasinger extended that secure tone, content that does not pre emptively argue against imagined critics has a different quality from defensive writing and this site reads as written from a place of real ease.

  52. Glad I gave this fifteen minutes rather than the usual three minute skim, and a look at singlevision earned the same investment, time spent on quality content is rarely wasted but the reverse is also true and learning which sites deserve which kind of attention is part of being a careful online reader.

  53. If a friend asked me where to read carefully on the topic I would send them here without hesitation, and a look at brightwinner confirmed the recommendation strength, the directness of my recommendation reflects how confident I am in the quality and this site has earned undiluted recommendations from me across multiple recent conversations actually.

  54. Thanks for a post that does not try to be funny when it is not the moment for it, and a stop at unifiednexus maintained the same appropriate seriousness, knowing when humour helps and when it just signals desperation for engagement is a sign of editorial maturity that many blogs have not developed yet.

  55. Did not expect much when I clicked through but ended up reading the whole thing carefully, and a stop at cameranexus kept that engagement going, sometimes the unassuming sites turn out to deliver more than the flashy ones which is something I have learned to look out for over time online lately and across topics.

  56. Will share this on a forum I am part of where it will be appreciated by others working in the same area, and a look at streamnexushub suggests there is more here worth passing along too, definitely a generous resource that deserves a wider audience than it probably has today across the open internet.

  57. Now planning a longer reading session for the archives, and a stop at brightamigo confirmed the archives are worth that longer commitment, sites with archives I want to read deliberately rather than just sample are rare and this one has clearly earned that level of interest based on the consistency of what I have already read.

  58. Easy to recommend, the content speaks for itself without needing additional praise from me, and a stop at writerharbor only adds more reasons to send people this way, the kind of generous resource that benefits its readers without demanding anything in return is increasingly rare and worth recognising clearly today across the broader open internet.

  59. A memorable post for me on a topic I had thought I was tired of, and a look at deliverynexus suggested the same site can refresh other tired topics, sites that can revive my interest in subjects I had written off as exhausted are doing rare work and this one is clearly doing that for me today.

  60. Worth flagging this site to a few specific friends who would appreciate the editorial sensibility, and a look at orientnexus added more pages I will mention to them, recommending sites to specific people requires understanding both the site and the person and this site is making those personalised recommendations easy and natural for me.

  61. Started forming counter examples to test the claims and the post handled most of them implicitly, and a look at slippersixth continued that anticipatory style, writers who think two steps ahead of the critical reader save themselves from a lot of follow up work and this writer has clearly internalised that habit consistently.

  62. 非常に気に入ったショップです。セクシーランジェリーの品揃えが充実しているので、好みに合わせて選ぶことができます。素材の質感が良く、デザインも細部までこだわって作られているのが魅力です。

    しかも、着心地の良さも魅力の一つです。レースやメッシュのデザインが繊細で、見た目だけでなく機能面もしっかりしています。毎回商品を確認するたびに新しい発見があり、リピートしたくなるクオリティです。

    どの商品もクオリティが安定しており、安心して利用することができます。価格帯も納得でき、コストパフォーマンスが非常に高いです。今後も新商品が入荷するのを楽しみにしています。

    機会があればおすすめしたいサイトです。デザインのバリエーションが多く、様々なシーンに合わせて活用できるのが大きなメリットです。対応もスムーズで全体的な満足度が非常に高いです。
    どの時も素敵なデザインが魅力的で、長く愛用できるアイテムばかりです。シルエットも美しく、身につけるだけで雰囲気が大きく変わります。今後も継続して利用したいと強く感じました。

  63. Worth saying that this is one of the better things I have read on the topic in months, and a stop at cameranexus reinforced that ranking, the topic is well covered by many sources but few do it with this level of care and the few that do deserve to be flagged so other readers can find them.

  64. Honestly enjoyed not being sold anything for the entire duration of the post, and a look at singlevision kept that pleasant absence going across more pages, content that exists for its own sake rather than as a funnel to a paid product is increasingly rare and worth supporting where I can find it.

  65. The use of plain language without dumbing down the topic was really well done, and a look at writerharbor continued in that same accessible style, this is something many technical writers fail at because they either confuse their readers or condescend to them but here neither problem appears at all which is impressive really.

  66. A piece that did exactly what it promised in the headline without overshooting or underdelivering, and a look at gardenvertex continued that calibration, alignment between promise and delivery is a basic editorial virtue that many sites fail at and this site has clearly mastered the matching of expectation and substance throughout pieces.

  67. Different in a good way from the cookie cutter content that fills most blogs covering this area, and a stop at streamnexushub kept showing me why, original thoughtful writing exists if you know where to look and this site has earned a place on my short list of those rare exceptions worth defending.

  68. Sets a higher bar than most of what shows up in search results for this topic, and a look at vectortimber did not lower that bar at all, in fact it confirmed the impression, this is the kind of consistency that earns a place in regular rotation for serious readers instead of casual scrollers passing through.

  69. Reading the writers other posts after this one suggests the quality is consistent rather than peak, and a stop at brightwinner confirmed the consistent quality reading, sites that hold the same level across many pieces rather than peaking on a few are sites with sustainable editorial discipline and this one has clearly developed that.

  70. Liked the careful selection of which details to include and which to skip, and a stop at brightamigo reflected the same editorial judgement, knowing what to leave out is just as important as knowing what to include and this site has clearly figured out where that line sits for the topics it covers regularly.

  71. Bookmarking this for later, the kind of resource I want to keep nearby, and a quick look at orientnexus confirmed the rest of the site is worth the same treatment, definitely going into my reference folder for the next time the topic comes up at work or in conversation with someone who asks.

  72. Probably going to mention this site in a write up I am working on later this month, and a stop at unifiednexus provided more material for that potential mention, content worth referencing in my own published work rather than just personal reading is content with the highest endorsement level and this site has earned that endorsement.

  73. Reading this in pieces over a coffee break and finding it consistently rewarding, and a stop at primevertexhub extended that into related material I will return to later, the kind of site that fits naturally into small reading windows without requiring a long uninterrupted block is genuinely useful for how I actually browse.

  74. Closed the post with a small satisfied sigh, and a stop at urbanfamilia produced the same gentle exhale, content that ends well is content that respects the rhythm of reading and the writers here have clearly thought about how their pieces close rather than just trailing off when they run out of things to say.

  75. A quiet kind of confidence runs through the writing, and a look at rapidnexus carried that same understated assurance, confidence without bragging is the most attractive register for online writing and the writers here have clearly developed it through practice rather than affecting it through stylistic tricks that would feel hollow eventually.

  76. Reading this brought back an idea I had set aside months ago, and a stop at wisdomvertex added more substance to that idea, content that revives dormant projects in my own thinking is content with serious creative value and this site is contributing to my own work in ways I had not expected when first clicking through.

  77. Thanks for the practical examples scattered through the post rather than abstract theory only, and a look at masteryvertex continued that grounded style, abstract points are easier to remember when paired with concrete situations and the writers here clearly understand how readers actually retain information from blog content reading sessions.

  78. Glad to have another reliable bookmark for this topic, and a look at trumpetsixth suggested several more pages I will be marking too, building a personal library of trustworthy resources is one of the actual rewards of careful browsing and this site is earning a place on my permanent shortlist for the topic.

  79. Thanks again for the post, I learned a couple of things I can actually use later this week, and after I went over moderncomfort the rest of the site looked equally promising, definitely going to spend more time here when I get a free moment over the weekend to read more carefully.

  80. Honest reaction is that this is the kind of writing I would defend in a conversation about good blog content, and a look at growthvertexhub reinforced that, the rare site whose work I would actively recommend rather than just tolerate is the kind I want to support through return visits regularly.

  81. Adding this to my list of go to references for the topic, and a stop at craftbreweryhub confirmed the rest of the site deserves the same, definitely the kind of resource that earns its place rather than getting forgotten the moment the next interesting article shows up in my feed somewhere else on the web.

  82. Bookmark earned and shared the link with one specific person who would care, and a look at royalmariner got the same targeted share, sharing carefully rather than broadcasting is a discipline I try to maintain and this site is generating shares from me at a sustainable rate rather than the spam rate of viral content.

  83. Thanks for the breakdown, it gave me a clearer picture of something I had been confused about for a while now, and a stop at oceanriders closed the remaining gaps in my understanding nicely, no need to hunt around twenty other articles to put the pieces together which is a real time saver.

  84. Appreciate the work that went into laying this out so clearly, every section earns its place without filler, and a look at brightzenithhub confirmed the same care, definitely the kind of place that deserves a return visit when the topic comes up again later in the future or for any related question.

  85. Worth saying that the writing carries a particular kind of authority without making any explicit claims to it, and a stop at growthcareer extended that earned authority feeling, sites that demonstrate expertise through the quality of their explanations rather than by stating credentials are sites I trust most and this site has it.

  86. Glad the writer did not feel compelled to cover every possible angle of the topic, focus is a virtue, and a stop at discountnexus reflected the same disciplined scope, knowing what to leave out is half of what makes good writing good and this post has clearly been edited with that principle in mind.

  87. Really appreciate that the writer did not overstate the importance of the topic to make the post feel weightier, and a quick visit to purposehaven maintained the same modest framing, content that is honest about its own scope rather than inflating itself is the kind I trust and return to repeatedly over time.

  88. Most posts I read end up forgotten within a day but this one is sticking, and a look at sweatertorso extended that lingering effect, content that survives the immediate moment of reading rather than evaporating is content with genuine retention quality and this site has been producing memorable pieces at a rate notable across my reading.

  89. Looking forward to seeing what gets published next month, and a look at merrynights extended that anticipation across the broader site, finding myself looking forward to a sites future content rather than just consuming its existing content is a stronger commitment level than I usually reach with new finds and this site triggered that.

  90. Thanks for the readable length, I finished it without checking how much was left, and a stop at topicnexus kept me reading the same way, when I stop noticing the length of a piece because the content is engaging enough to sustain attention without willpower the writer has done their job well today.

  91. Did not expect much when I clicked through but ended up reading the whole thing carefully, and a stop at cozyhomestead kept that engagement going, sometimes the unassuming sites turn out to deliver more than the flashy ones which is something I have learned to look out for over time online lately and across topics.

  92. Most of my reading time goes to a small number of trusted sources and this one is now joining that group, and a stop at trendoutlet reinforced the group membership, the few sites that earn a place in my regular rotation are sites I expect ongoing returns from and this one has earned that elevated position consistently.

  93. A piece that read as the work of someone who reads carefully themselves, and a look at radianttouch continued that informed feel, writers who are also serious readers produce work with a different quality and this site reads as the product of someone steeped in good writing rather than just generating content for an audience.

  94. Worth saying that the prose reads naturally without straining for style, and a stop at modernvertex maintained the same unforced quality, writing that achieves elegance without effort is the highest tier and this site has clearly worked out how to land that effortless quality consistently rather than only on the writers best days.

  95. After reading several posts back to back the consistent voice across them is impressive, and a stop at artistnexus continued that voice consistency, sites that maintain a single coherent voice across many pieces by potentially many writers represent serious editorial discipline and this one has clearly developed the institutional consistency needed for that.

  96. Now leaving a small mental note to recommend this when the topic comes up in conversation, and a look at supportnexus extended that recommend ready feeling, content that arms me with shareable references for likely future conversations is content with social value and this site is providing that conversational ammunition consistently for me lately.

  97. Reading this back to back with a similar piece elsewhere made the quality difference obvious, and a stop at trillsaddle only widened the gap, comparing content side by side is a useful exercise and the gap between this site and average competitors in the space is large enough to be noticeable from the first paragraph.

  98. Now planning to write about the topic myself eventually using this post as a reference, and a look at digitalgrove would also serve in that future piece, content that becomes raw material for my own writing rather than just informing my reading is content with multiplicative value and this site is generating that multiplicative effect.

  99. Really liked the calm tone running through the post, no shouting and no urgency forced into the writing, and a look at guidancehubpro kept that quiet confidence going, the kind of voice that makes the reader feel respected rather than yelled at which is depressingly common across most modern blog content these days.

  100. Honestly slowed down to read this carefully which is not my default, and a look at quietvoyage kept me in that careful reading mode, the kind of writing that demands attention by being worth attention is rare in a media environment full of content engineered to be skimmed not read with any real focus today.

  101. Now considering the post as evidence that careful blog writing is still possible, and a look at socialflare extended that evidence, the broader question of whether the modern web can sustain quality writing has obvious empirical answers in sites like this one and seeing them is reassuring even when they remain a minority overall today.

  102. Worth marking this site as one to come back to deliberately rather than by accident, and a stop at unityharbor reinforced that intention, the difference between sites I find again by chance and sites I return to on purpose is meaningful and this one has clearly moved into the deliberate return category for me.

  103. A piece that prompted a small mental rearrangement of how I order related ideas, and a look at businessnova extended that rearranging effect, content that affects the structure of my thinking rather than just adding to it is content with the deepest kind of impact and this site is reaching that depth for me today.

  104. Thanks for putting in the work to make this approachable, plenty of sites cover the same ground but most do it badly, and a quick visit to humorvertex confirmed this one stands apart, simple language and useful examples without anyone trying to sell me anything along the way which I really appreciated.

  105. Skipped the comments section but might come back to read it, and a stop at silverpathhub hinted at a quality reader community, sites where the comments are worth reading separately from the post are increasingly rare and signal a particular kind of audience that has grown around the editorial vision over time gradually.

  106. Bookmark added with a small mental note that this is a site to keep, and a look at cocktailnexus reinforced the keep status, the verb keep rather than visit captures something about how I think about this kind of site and it is a higher tier of relationship than I have with most places online today.

  107. Considered alongside other sources I have been reading this one consistently rises to the top, and a stop at brightportal maintained that top ranking, the informal ongoing comparison between sources is something I do whenever reading on a topic and this site keeps coming out near the top of those comparisons over many sessions.

  108. Pass this along to colleagues if the topic comes up, the framing here is sensible, and a stop at tattooharbor adds more useful angles to share, the kind of content that improves conversations rather than just feeding them is what makes a resource genuinely valuable in professional contexts going forward over time and across project boundaries too.

  109. Thanks for the simple approach, too many sites bury the actual point under layers of unnecessary words, but here every line earns its place, and a look at modernlivinghub showed the same care for the reader which is something I will remember the next time I need answers on a topic.

  110. Now wishing I had found this site sooner, and a look at modernupdate extended that mild regret, the calculation of how many years of good content I missed by not finding the right sources earlier is one I try not to make too often but it does come up sometimes when I find sites this good.

  111. A clean piece that knew exactly what it wanted to say and said it, and a look at connectnexus maintained the same clarity of intention, knowing the goal of a piece before writing is something most blog content lacks and the clarity of purpose here shows up in every paragraph for any careful reader to notice.

  112. If I had to summarise the editorial sensibility of this site in a few words it would be careful and human, and a look at glamourbrush extended that summary feeling, capturing the essence of a sites approach in brief is hard but this site has a clear enough identity that the summary comes naturally enough.

  113. Liked the careful selection of which details to include and which to skip, and a stop at uniquevoyager reflected the same editorial judgement, knowing what to leave out is just as important as knowing what to include and this site has clearly figured out where that line sits for the topics it covers regularly.

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