{"id":3026,"date":"2021-12-09T17:21:44","date_gmt":"2021-12-09T17:21:44","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=3026"},"modified":"2021-12-09T17:21:44","modified_gmt":"2021-12-09T17:21:44","slug":"covid-19-pandemic-created-surge-in-business-opportunities-experts","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2021\/12\/09\/covid-19-pandemic-created-surge-in-business-opportunities-experts\/","title":{"rendered":"COVID-19 pandemic created surge in business opportunities \u2013 Experts"},"content":{"rendered":"

The coronavirus (COVID-19) pandemic, according to medical experts, has resulted in an increase in medical business opportunities.<\/h2>\n

Experts stated this at the December breakfast meeting of the Nigerian-American Chamber of Commerce (NACC) in Lagos, which was themed “Looking Forward: Economic Growth Opportunities in a Post-COVID World.”<\/p>\n

According to Mr Kenneth Okolie, Managing Director of Synlab Nigeria Ltd., the number of laboratories testing for Polymerase Chain Reaction (PCR) in the country has increased by about 60%.<\/p>\n

He claims that prior to the pandemic, samples for those tests were flown abroad, resulting in a loss of tangible foreign exchange and underutilization of laboratory manpower.<\/p>\n

Okolie stated that COVID-19<\/a> resulted in increased demand in health, technology, trade, and other sectors 15 months later, resulting in increased economic growth due to investments in those sectors.<\/p>\n

He urged Nigerian businesses to keep abreast of existing and new opportunities created by the pandemic and its mutating variants in order to meet demand.<\/p>\n

“Economic growth is driven by two main factors: demand and supply, and the pandemic has resulted in an increase in demand across sectors, especially as economies around the world reopen.”<\/p>\n

“Now is the time to innovate from the lifestyle and behavioral changes brought about by the new types of COVID-19 demands, and you must recognize the trends and seize the opportunities that arise.”<\/p>\n

“You must also organize yourself to pay attention to trends, changes in policies brought about by climate change and others,” he said.<\/p>\n

Okolie urged Nigerians to embrace pharmacogenetics, a medical procedure that allows for the investigation of a patient’s genetic profile in order to determine drug compatibility.<\/p>\n

This, he claims, will allow doctors to optimize and personalize medications for more effective treatment.<\/p>\n

Despite the world’s shift away from oil, Dr Ola Brown-Orekunrin, Managing Director of Flying Doctors Nigeria, predicted that the Nigerian economy would grow moderately in 2023 as a result of high oil prices.<\/p>\n

Brown-Orekunrin went on to say that the COVID-19 pandemic would become more common as PCR testing became more widespread around the world.<\/p>\n

“There will also be stability or an increase in the dollar rate, so I will advise people to consider investing in companies that generate dollars or have products that deal with dollars.”<\/p>\n

“We would also see more people using crypto currency around the world, and technology in Nigeria would grow, creating more opportunities for those interested in the digital space,” she predicted.<\/p>\n

Dame Adebola Williams, National President of the NACC, stated that the global economy had changed since the outbreak of COVID-19, presenting a plethora of opportunities and threats.<\/p>\n

She urged businesses to seize the opportunities created by the pandemic in order to remain relevant, sustainable, and to contribute their fair share to economic growth and development.<\/p>\n

“The world as we know it is rapidly disintegrating, as what we now have is the new normal.”<\/p>\n

“In order to remain profitable, businesses must recognize these opportunities and leverage technology<\/a>,” she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The coronavirus (COVID-19) pandemic, according to medical experts, has resulted in an increase in medical business opportunities. Experts stated this at the December breakfast meeting of the Nigerian-American Chamber of Commerce (NACC) in Lagos, which was themed “Looking Forward: Economic Growth Opportunities in a Post-COVID World.” According to Mr Kenneth Okolie, Managing Director of Synlab […]<\/p>\n","protected":false},"author":4,"featured_media":3057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[19,22],"tags":[78,1081,1080,1079],"class_list":["post-3026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-health","tag-covid-19","tag-dame-adebola-williams","tag-dr-ola-brown-orekunrin","tag-mr-kenneth-okolie"],"yoast_head":"\nCOVID-19 pandemic created surge in business opportunities \u2013 Experts » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"description\" content=\"Medical 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