Friday July 31, 2020 / 06:45 AM / by NASD Plc/
Header Image Credit: NASD Plc
COVID 19's Impact Series: Educational Sector
The Coronavirus Pandemic has no doubt affected the Nigerian and the global economy. The Educational Sector is also a part of the receiving end. According to UNESCO, more than 1.5 billion students and youths across the planet are affected by school and university closures due to the COVID-19 outbreak. This severe short-term disruption in the educational sector is felt by many families around the world as home schooling is not only a massive shock to parents' productivity, but also to children's social life and learning. Many assessments have simply been cancelled. Importantly, these interruptions will not just be a short-term issue, but would most likely also have long-term consequences for the affected cohorts.
To cushion the effects of the pandemic, teaching is moving online, on an untested and unprecedented scale and the world is embracing technological innovations. Virtual interactions are increasingly adopted to replace face-to-face engagements and limit the total disruption to the sector. UNESCO has recommended the use of distance learning programmes, open educational applications, and platforms by schools and teachers to reach learners remotely, through means such as airing school lessons on radio and television. Student assessments are also moving online, with a lot of trial and error and uncertainty for everyone.
As pleasant as the solution provided by UNESCO might seem, students from under-served low-income communities will be left out and unable to access learning during this period. Nigeria currently has more than 50% of her population living in poverty, with many of the citizens struggling to afford three square meals, despite the palliative measures by the government. Ultimately, this means that there are a lot of students who do not have access to either radio or television as recommended, coupled with the issue of erratic power supply. Such students also have no internet access nor educational technological resources, a situation that is creating a gap in their academic progress for as long as this pandemic persists. So, what exactly is the next step to take?
In Nigeria, some state governments, such as Kwara and Lagos States currently use local media channels such as radio programmes to reach out to learners in remote communities. The government could further mitigate the negative impact of Covid-19 on education by investing in the provision of solar-powered educational gadgets, pre-loaded with offline academic resources to learners, especially in disadvantaged and vulnerable communities. This will ensure continuity in learning for most learners who are unable to access digital learning resources during this period. Also, teachers need to be trained on how best to deliver radio lessons. Such training can be done using virtual platforms. These policy measures would require significant financial investment, but such investment would go a long way for the progress of the economy in the long-term.
Also, countries must prioritize the reopening of schools as soon as it is safe to do so, so that we will not see a complete reversal of the gains achieved in the education sector over the decades. The longer children stay out of school, the less likely they are to ever return.
In conclusion, it is a known fact that Education stills remains the key to the economic development of any country. However, due to the COVID 19 Pandemic, education in Nigeria and the world has been adversely struck and it is up to the Government and citizens to ensure that all measures must be taken to ensure that Learning Never stops
NASD OTC Securities Exchange Market closed on a positive note YTD as the market recorded an increase in performance. NASD Security Index Year to date return rose by 0.47%. Total volume traded Year-to-Date stands at 7,817,969,286 units in 909 deals and total Value traded is N10,466,008,004.42.
Week 31 Overview
NASD OTC Securities Exchange closed the week with a negative return on NSI. The NSI return fell by -0.81% to close the week at 700.82 points against 706.52 points in the preceding Friday, July 24 2020.
In addition, Week 31 saw NASD Investors lose N419 Billion in value. NASD OTC Market capitalization closed at N514.80 Billion compared to N518.99 Billion in the preceding Friday, resulting from a negative movement of prices.
There was a 791.68% increase in the total value traded during the week as week 31 saw NASD Investors trade a total of N70,635,325.40 in value compared to N7,921,583.50 in the previous week. Total trade activity for the year is valued at N10,466,008,004.42.
In the same pattern, volume traded during the week was 1,952,219.00 units compared to 99,970 units in the previous week leading to a 1,852.80% increase in trade volume compared to week 30. Total volume traded for the year is 7,817,969,286 units.
Top Traded Securities by Volume
The week closed with Central Securities Clearing System Plc ranking top among five most traded securities by volume and UBN Properties Plc as the fifth most traded stock by volume in week 31.
Top Traded Securities by Values
The week closed with FrieslandCampina Wamco Nigeria Plc ranking top among top five most traded securities by value and UBN Properties Plc stood as the fifth most traded Security by Value for the week.
Advancers for the Week
One of NASD OTC stocks closed the week with a positive movement in the price. FrieslandCampina Wamco Nigeria Plc, which currently holds a Market Capitalization of N120.35 Billion closes the week at N123.27 representing a 1.75 percent increase from the previous close of N121.15.
Decliners for the Week
Two of NASD OTC Stocks closed the week with negative movement in prices. Afriland Properties Plc which currently holds a Market Capitalization of N2.72 Billion closes the week at N1.98 representing a -10.00 percent decrease from the previous close of N2.2.
Niger Delta Exploration and Production Plc which currently holds a Market Capitalization of N49.67 Billion closes the week at N273.82 representing a -10.71 percent decrease from the previous close of N306.65.