Coronavirus pandemic in Nigeria is such that requires cautiousness and strength to scale through. Since the economy will witness a decline, expectations of financial challenges should be well thought of, at this time.
The lockdown imposed on Lagos, the commercial capital is affecting the income-generating capacity of businesses, thereby reducing consumption expenditure.
The competing demand for medical supplies and equipment puts the industry at the forefront. Online services likewise is taking a huge boom as new products pertaining to video conferencing, e-learning, and communication are being devised currently.
So how do you, in the face of coronavirus impediments, make the most of what you have to stay on top?
Be Realistic with Your Finances
Start by understanding your current financial situation. Look at how your earnings are affected by the pandemic, and work out if there are any viable ways you can sustain or grow your income beyond the present circumstance.
While doing this, be very cautious of loans. If there is no viable way of generating funds, you could fall into a debt trap. Always consider how to keep yourself thriving even when your income takes a hit.
To accomplish this, engage in realistic planning.
Always remember – Daydreaming will not put money on the table.
Take Advantage of Assistance
Assistance is being rendered here and there to cushion the effects of the pandemic. Try considering them before looking away.
Assistance, in this sense, can be genuine offers from organisations or individuals. They are essentially free of charge or to the barest minimum price.
Assistance can take the form of training, e-learning, online jobs, freelancing, and digital marketing.
Always remember – the assistance you rejected can be used by another person for good.
Beware of Luxurious Spending
Extravagance should be totally off in your way of living. If your lifestyle before the pandemic was extravagant, then now is the best time to call it off.
You should rather consider investing what money you have towards something productive, more yielding , or for lack of better terms, more rewarding.
Always remember – Spending only for enjoyment will leave you in regrets sooner or later.
Acquire a Skill
You can for one, acquire a skill online, and with the earned certificate, back up your CV, so as to apply for an online job.
In addition, if you are not the ‘online type’, you can opt to learn a hands-on skill such as how to make food snacks, food items and homemade facemasks.
Always remember – There is virtually nothing you can’t do if you commit your mind and strength to it.
It is positively expected that with these four tips, you are already geared towards making Nigeria a great Nation.