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PwC Webinar series Combating COVID-19; the Nigerian Story Introduction The PwC webinar series focus on various business issues as part of our responsibility to provide a platform for stakeholders in different sectors to discuss pertinent issues. This webcast held on 14 May 2020 was targeted at the Government and Public sector, in relation to the management of COVID-19 as a country and the impact on the way we work, live and interact. The session provided an avenue for leaders within the sector to communicate, clarify and co-create important solutions with key stakeholders. Critical to this was articulating the Nigerian story so far, key learnings to date and our response as a country going forward. Overview The session which lasted for an hour and a half (2:00pm-3:30pm) attracted over 350 participants from both the public and private sectors. Uyi Akpata, Country and Regional Senior Partner, PwC West Market Area, gave the opening remarks while highlighting key observations around the pandemic in Nigeria, and paying tribute to the those who have lost their lives to the pandemic. The highlight of the event was the panel discussion which was made up of influential voices within the public and private sectors offering in-depth and comprehensive insight into Nigeria’s approach in tackling the novel coronavirus. The panelists were Rep. Femi Gbajabiamila, Speaker, House of Representatives Federal Republic of Nigeria, Dr. Kayode Fayemi, Chairman, Nigeria Governors’ Forum and Governor, Ekiti State, Dr. Sani Aliyu, National Coordinator, Presidential Task Force on COVID-19 and Ms. Zouera Youssofou, CEO, Aliko Dangote Foundation (ADF) and Secretariat Coordinator, CACOVID. The webcast was moderated by Mary Iwelumo, Partner / Government & Public Services Leader, PwC Nigeria. Opening remarks – Uyi Akpata Uyi Akpata, made some observations around the pandemic in Nigeria. He stated that the fight against the virus kicked off with the confirmation of the index case in Lagos on 27 February 2020. A month after, over 100 cases were reported and tracking of the COVID curve commenced. According to Akpata, several interventions have been adopted in combating this pandemic. In Nigeria, the measures have been in 3 broad categories – public health, humanitarian, and economic or fiscal. The measures have been introduced at different times and to varying extents. He stressed the point that an evident key to success is partnerships between stakeholders especially the public and private sectors. He mentioned the various intervention efforts put in place by PwC Nigeria one of which is working closely with organizations, governments and other stakeholders to help them prepare and respond to the different scenarios emerging from the new normal by leveraging our experience of dealing with previous pandemics such as EBOLA, MERS, SARS and bird flu. Akpata also provided information on PwC’s intervention to support individuals, businesses and government in responding to the impact of the COVID-19 pandemic in Nigeria. The N100M intervention tagged “PwC Cares” consists of initiatives targeted at various sections of society including vulnerable households and small businesses. It comprises cash donations and palliatives to various State Governments as well as time cost invested by our senior personnel in project management support. In this regard we are supporting the Coalition Against COVID-19 by providing project monitoring and evaluation support, amongst other things. Combating COVID-19; the Nigerian Story | 2 In addition, he stated that PwC will provide pro bono complementary business continuity support services to small businesses employing between 5 to 50 employees who undertake to retain all their staff during this period. Akpata added that PwC is leveraging its knowledge and resources to support governments at the federal and state levels in their economic responses to the challenges posed by COVID-19 by setting up a COVID-19 Knowledge Centre accessible via our website to support individuals, businesses, policymakers and the general public. He re-iterated our commitment to help organisations and government respond to the pandemic by hosting these series of free webinars on the economic implications and policy responses to COVID-19 during which we share key insights, scenario analyses and generally engage stakeholders on how to remain resilient through the crisis and ensure sustainability post COVID-19. Akpata pointed out that the severity of the health and economic crises may be connected to the difference in per capita testing. It may be argued that in a bid to contain the spread of this coronavirus, the most effective navigation tool is testing – identify, track, isolate, and/or treat. In conclusion, he stated that the more intense the measures are in fighting the health crisis, the higher the impact will be on the economy – a delicate balancing act required in combating the COVID pandemic. Setting the scene - Mary Iwelumo, Partner / Government & Public Services Leader, PwC Nigeria Mary Iwelumo in a bid to help participants understand Nigeria’s COVID-19 infection trajectory to determine whether the curve is close to flattening or not, gave a quick background on the data and statistics of the virus. Combating COVID-19; the Nigerian Story | 3 Setting the Scene The COVID-19 curves for some of the countries are flattening 10000000 US 1000000 Spain UK Brazil Italy 100000 China India Indonesia South 10000 Reported Cases Reported South Korea Nigeria Africa Ghana 1000 Senegal 100 1 8 15 22 29 36 43 50 57 64 71 78 85 92 99 106 113 Days A look at this curve, reveals that the trajectory for all countries (from their 100th case) initially trended upwards. Today (going on 2 months post our reported 100th case) we continue to trend upwards. Notice that some countries have been able to bend their curves meaning a decreasing number of reported new cases daily. Source: European Centre for Disease Prevention and Control, PwC Analysis Nigeria measures to combat COVID-19 are in three categories 450 Total of 4,971 reported cases 400 and 164 deaths as of 13th May Relaxation of lockdown in 2020 Ogun, Lagos and Abuja and 350 stricter measures for Kano State 300 Ban on Domestic Nigeria confirms and International Payment of NGN20,000 the Index case flights 250 to poor and vulnerable Hazzard allowance to households frontline Healthcare workers 200 Set-up of a N500 CBN 2.8 billion Ban on social billion COVID-19 COVID-19 gatherings (<20 Lock down of three state- Lockdown Crisis Intervention intervention loan 150 persons) Ogun, Lagos and Abuja and extended by 2 Fund. and other CBN Ban on Interstate travels weeks measures in response to 100 Set-up of Presidential COVID-19 Task Force on Covid- Receives supply of 50 19 test kits 0 3/7/2020 4/2/2020 3/1/2020 3/3/2020 3/5/2020 3/9/2020 4/4/2020 4/6/2020 4/8/2020 5/2/2020 5/4/2020 5/6/2020 5/8/2020 4/28/2020 2/28/2020 3/11/2020 3/13/2020 3/15/2020 3/17/2020 3/19/2020 3/21/2020 3/23/2020 3/25/2020 3/27/2020 3/29/2020 3/31/2020 4/10/2020 4/12/2020 4/14/2020 4/16/2020 4/18/2020 4/20/2020 4/22/2020 4/24/2020 4/26/2020 4/30/2020 5/10/2020 5/12/2020 There have been several interventions adopted in combating this pandemic. In Nigeria, the measures have been in 3 broad categories – Health, Humanitarian and Economic. The measures have been introduced at different times and to varying extents. Suffice to say, as was shown in the previous slide, the Nigerian curve is steep and is trending up. Source: European Centre for Disease Prevention and Control,CBN PwC Analysis Health Humanitarian Economic Combating COVID-19; the Nigerian Story | 4 Setting the Scene There appears to be an inverse relationship between testing and the # of reported new cases…although with a lag 60,000.00 Spain • Testing Per Capita – 50,000.00 Measures the number of COVID-19 tests Italy conducted per million 40,000.00 persons. Nigeria testing per million persons is US UK 137. 30,000.00 • We considered the recent (month-on-month) 20,000.00 increase in the number of South Test per million people people million per Test Korea reported cases – th South Africa between 12 April and 10,000.00 12th May. India Brazil Indonesia Nigeria Senegal Ghana • The bubble size = IMF - 980.32 GDP projections for -400% -200% 0% 200% 400% 600% 800% 1000% 1200% 1400% 1600% countries. (10,000.00) Increase in # of reported cases (month-on-month) - 12April – 12 May Source: Worldometer, European Centre for Disease Prevention and Control , United States Census Bureau, PwC Analysis Africa Asia Europe America In summary, the data we have suggest a through line between the level of test per capita, the extent (or reach) of interventions and number of new cases reported The severity of the health and The timing and reach of intervening The more intense the measures are economic crises is connected to the to combat COVID-19 may also in fighting the health crisis, the difference in the level of per capita dictate the outcomes over time – a greater the impact may be on the testing. Perhaps it is true that in stich in time saves nine…in this economy – a delicate balancing act order to contain the spread of this case, it may save lives is required in combating the COVID coronavirus, the most effective pandemic. navigation tool is testing – identify, track, isolate and/or treat. Combating COVID-19; the Nigerian Story | 5 Panel discussion Rep Femi Gbajabiamila Speaker, House of Representatives Federal Republic of Nigeria The Honorable Speaker of the House of Representatives, Federal Republic of Nigeria – Representative Femi Gbajabiamila.
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