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Nigeria faces acute job losses as COVID-19 incapacitates employers

...unemployment rate may reach 40-45% by end 2020, says LCCI

Nigeria may be facing its worst unemployment crisis since independence as helpless employers retrench millions of workers due to the pervasive impact of COVID-19 on their margins. Weeks of lockdown have hiked logistics costs for employers, forcing reductions in output, revenue and profits. Bars and clubs are still under lock and key, pushing brewers to…

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