The World Health Organisation has declared COVID-19 a global pandemic, underscoring its growing prevalence. The impact of COVID-19 is equally precipitating a global economic crisis even as control measures have distorted travels and tourism across the world. According to Bloomberg, the average global growth forecast has dipped from 2.3% in 2019 to 1.4% in 2020. Crude oil price has also dropped from $54.45bpd as of February 03 2020 to $30.62bpd on March 16 2020.
Similarly, the benchmark 10-yr bond (Feb 2028) which closed at 10.76% p.a. on February 18 2020, traded as high as 14.20% p.a. during the last month and eventually settled to 12.75% p.a. as at close of business on March 13 2020. The Nigerian Stock Exchange All-Share Index also slipped -17.27% from 27,547.56 on February 18 2020 to 22,789.64 on March 18 2020
COVID-19 has driven more engagement and coverage than any other virus. And many organisations said that they were experiencing or anticipated experiencing impacts as a result of the COVID-19 outbreak. COVID-19 is changing the lives of people and communities around the world each second. The rapidness of the outbreak has left individuals and organizations alike grasping for information and actions that can be taken to stay safe and healthy in completely new and uncertain circumstances.
As Nigeria responds to an outbreak of COVI9-19, the best advice I have noticed are: how to try to avoid getting coronavirus in the first place -- good hand washing, personal hygiene and social distancing which I saw on WHO and Centre for Disease Control website.
We at GUILDANCE COMMUNITY DEVELOPMENT FOUNDATION equally committed to ensuring unhindered, seamless access to financial services round the clock. To minimize person-to-person interface, we encourage member of public to take advantage of seamless digital platforms. The full range of financial services which can be accessed through ATMs, Mobile App, Online Banking and USSD platforms.
We have also strategically installed automatic hand sanitizer dispensers in all our branches and head office as well as increased the intensity/frequency of our cleaning processes. We urge members of public to take full advantage of them. Good hygiene practices such as cleaning of hands frequently with alcohol-based hand sanitizers or soap and water; covering of nose and mouth when coughing and sneezing with tissue or flexed elbow; and avoidance of close contact (1 metre or 3 feet) with anyone with cold or flu-like symptoms is essential to reducing the risk of infection. Also, we currently have a robust travel advisory in place for our staff. Travels are restricted to minimal essential local journeys, with strict caution on international trips.
COVID-19 is today a global challenge and we will continue to adhere to updated health advisory while working with relevant agencies to curtail the impact. We must, however, remain vigilant and prepared to control the spread. We see this as our collective responsibility. We will keep monitoring the situation closely and duly inform members of public about relevant developments as they unfold.
I found the above message effective because the two websites are authorities in anything health and in line with common sense and best practice on health.