COVID-19 has proven to be one of the worst crises of our times and Nigerian policymakers were completely unprepared for the battle of a lifetime.
The resilience of businesses and households was tested to an unusual degree in 2020 due to the pandemic. There were no quick fixes at the business and household level as a crisis of this magnitude could not have been predicted. Its occurrence was unsettling and created uncertainty about the future.
In many economies, governments and central banks moved quickly to support businesses and households at an extraordinary scale. While it is…
