, 5 tweets, 2 min read Read on Twitter
Estimating the impact of today's #NigeriaDecides2019 postponement on GDP is quite subjective. Some of the clear effects include:
*Disruption of business activities
*Disruption of social activities
*Increased wage cost
*Inconvenience to daily life
*Reduced consumer spending
Another consequence is that, many firms shutdown early on the Friday preceding election day, while educational institutions took early mid-term/ semester breaks.
SBM Intel estimates #Nigeria’s GDP at $420 billion as at the end of 2018 and we have estimated the foregone GDP for the various economic sectors (contribution to GDP in line with @nigerianstat data).
With this in mind, #Nigeria lot 0.531% of GDP, or $2.2302 billion today.

The final cost, is the reputational damage, which cannot be measured in dollar terms.

Download the complete report - bit.ly/2BEgwQ1
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