It as not been business as usual for most businesses in Nigeria as the corona virus pandemic has affected economic activities not only in Nigeria but in the entire globe at large.
Now, only those on essential duties are in full blast as everyone was mandated to sit at home since the last five weeks to curb the corona virus which spreads like the harmattan wild fire.
However, Monday 4th of May, the lock down imposed by president Mohamadu Buhari in Ogun, Lagos and Abuja few weeks ago was eased to revive the already damaged economy even before the outbreak of the corona virus pandemic. As it stands, even the biggest of businesses may not stand the test of time if this economic stand still continue in couple of months.
One of Nigeria’s biggest business men and owner of fast growing and first betting company in Nigeria, Akin Alabi as spoken out on the boredom and seemingly bad business that come with this difficult time. The NairaBet owner took to his instagram verified account to make this known as he expresses his displeasure and dismay about the absence of football. “football should resume o. The boredom is too much.
https://www.instagram.com/p/B_uV6u_BnIO/?igshid=ik0qil7zd2m7
As a betting company owner, it is expected of him to register his displeasure as patronage is expected to drop drastically. The stadia are not only the sporting places experiencing the lock down, the viewing centres also are. In weeks past, sports247 walked the streets of Lagos to speak with the owners of viewing centres and the clamor for the return of football was the order of the day as the stop of football rendered cash inflow stationary. That was three weeks ago.
For betting companies, business as not been so nice as well but not as bad as their viewing counterparts, many thanks to virtual games though. So it is not a totally bad business for them so Akin Alabi will have a cause to smile.
Otunba Akin Alabi is a Nigerian politician, entrepreneur and philanthropist. He is the author of the business and marketing book, Small Business Big Money and also the founder of NairaBET , Nigeria’s first sports bookmaking company. The 43 year-old is the Mogaji of Ajiwogbo compound in Ibadan.
