₦47.12 billion in damages, 2021 most uncertain

Country/area: Nigeria

Organisation: Dataphyte

Organisation size: Small

Publication date: 31 Oct 2020

Credit: Ode Uduu

Project description:

Following the #EndSARS protest, numerous propertis were destroyed which resulted in the loss of properties. this affected the economy, thus the project looked into the amount lost in the process due to imprompt response. the story further analise the impact of the loss on the economy taking into cognisance the coronavirus pandemic. it analysed the loss vis-a-vis a recovering economy in the face oeef insufficiency.

Impact reached:

The project have an imparative analysis on the economy and possible short of revenue. the project thus address the revenue shortage as a result of the damages. More specifically, the project had the following impacts:

Setting up of panels of judges in each state to look into and ascrtain the extent of damages as well as provide possible direction for bringing solution to the issue of police brutality in Nigeria

Loss or revenue channels due to the protest

The challenges of insecurity on the economy

the uncertainty of future spendings due to revenue channel destructions

Techniques/technologies used:

The tools adopted in the project include

Web scrapping for data

Social media analysis

Cost measurement technique

Interpretative analysis

Statistical presentation and analysis

What was the hardest part of this project?

The hardest part of this project was the aspect of quantifying most of the destroyed properties. With the variation in prices and constant increae in prices, it was a great deal of task in quantifying the cost of the properties. It was a great chalenge to either use current cost or actual purchased price. However, since the project was to ascertain the cost on the economy at the present, most of the properties were quantified using present prices as it tells how much these properties will cost on the dwindling revenue of the country with future implications

What can others learn from this project?

One of the key here is precision and clear presentation. One have to clearly outline every object needed for analysis. As this will give a clear view of the prevailing circumstances.

Also is the aspect of making analysis using present term implications as this will tell the impact on the present day economy

Project links: