There was a rich man who had everything; money, businesses and a secured future. He was into a lot of businesses that made him a lot of money. He had almost everything money could buy. While he was amassing his wealth, he bought a lot of lands but didn’t really pay much attention to them. He focused on his businesses that fetched him a lot of money. He didn’t lack anything, he was safe or so he thought. After a long while, he fell sick and couldn’t do anything. He was so ill, he was bedridden. He couldn’t work and he couldn’t go to attend to his businesses. Rather than making a lot of money, he was spending a lot of his money so he could get better. His sickness affected his work, his bank account, as he wasn’t working but spending a lot of money. During that time, people realized they could live without his services and focused on only essential things. His sickness worsened and he spent more money. Even though he wanted to work, he couldn’t work because he wasn’t so well, and people pretty much moved on to another thing. He got better but he lost almost all his money and his businesses. He was left with his lots of lands that he had purchased and neglected a long time. The question is ‘what would he do with them?’
No one expected COVID-19, but it snuck up on us and has affected us. Before the virus came into the country, everything was going on fine, businesses were booming, everyone was going by their daily activities. What no one expected was how it was going to spread like wildfire and affect everyone. The country was put on lockdown; businesses closed, people stayed home, nothing else mattered, everyone wanted to survive. Citizens were spending money and nothing was coming into their accounts. Even though the government promised palliatives, they didn’t fulfill their promise. Citizens were groaning about the hardships being experienced as a result of the pandemic. This was having an impact on the economy of the country which made the government to relax the lockdown so that people could go to work amidst the enraging pandemic. Even though the pandemic has only lasted for a few months, its economic impact is already evident. This happened during the Spanish Flu pandemic which lasted from 1918 to 1919. Back then, the economic disruption was short-lived because the pandemic came to an end sooner than later. The Corona virus however has stayed only for a few months and its impacts are already showing on the economy. The International Monetary Fund, IMF, recently predicted the pandemic would incite the worst economic slump since the Great Depression. Certainly, specific industries bear the brunt of the damage. Some things are certain after the Corona virus is over, people will lose their jobs (which is already happening in Nigeria and other parts of the world), some businesses might shutdown, a downsize in the economy of the country. With such great impacts of the pandemic, people need to plan ahead and be ready for the after-effects of the pandemic especially on the economy.
While the pandemic can cause significant economy damage, individuals can take certain steps to protect themselves so they can survive the economy disrupt. Don’t obsess over the money you have saved thinking that it will sustain you for a long time. This probably will not end soon as there is no cure to the virus in sight. Think long term, think about investing your money. In the long run, it will bring more money to you than you hoarding your money and obsessing over the money you have saved. You can invest in agricultural businesses. You may want to start thinking of investing in Daxlinks agricultural ventures.
Agriculture alone has the potential to reboot the economy and it has been neglected by the government. Agriculture can provide employment to citizens who are out of job or will be out of job due to the pandemic. This solves part of the unemployment that many citizens will face after the pandemic. Unemployment has an adverse effect on the citizens of the country and on the economy. There will be an increase in the poor state of the citizens, that is, increase in poverty and a way to counter poverty is to provide employment for citizens. Since quite a number of people will not fit in the corporate world, some organizations will cut off some manpower so that they can stay above water, agriculture may be able to accommodate some of them. A high rate of employment is good for the country; it helps to reduce the poverty rate and helps to boost the economy.
Through agriculture, we can produce food and basic necessities that will not only help feed the nation but will as well boost the economy. Food is a major necessity and we need to survive as humans. So that humans can survive as well as the economy, we may want to pay attention to the agricultural sector. Agriculture will help to reduce hunger and starvation among the citizens and will help to reduce the range at which food is being imported into the country and save millions. It will boost our productivity and earn money for the country, citizens and government through trade and exports.
The government and the citizens should focus on the neglected agricultural sector to boost and sustain the economy after the pandemic. Agriculture directly or indirectly has to be acknowledged as the path to future economic growth. Given the right kind of policy push, agriculture can turn into an economic activity which would sustain the country’s economy.
In the meantime, individuals can help themselves not only by social distancing and adhering to government safety rules but also by analyzing their financial situation and planning for the future. While social distancing and saving the present, think long-term, secure your future, think about investing with Daxlinks Global