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Nigeria – Government decision to ease lockdown in major cities will limit risk of unrest

Nigeria

Predictions

  • Government decision to ease lockdown in major cities will limit risk of unrest, but move will likely trigger wave of new COVID-19 cases in coming weeks
  • Abuja remains unlikely to impose stricter nationwide measures to contain virus amid concern over economic impact of restrictions and pressure from local governors
  • Government will seek to ease nationwide containment measures including ban on interstate travel and night curfew over coming month

Event

President Buhari announced on 27 April that lockdowns introduced in response to the coronavirus (COVID-19) outbreak in the regions of Lagos, Ogun and the Federal Capital Territory (FCT), which includes the capital Abuja, would be gradually eased starting 4 May.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.