Events centre operators to lose over n800m monthly revenue over coronavirus

It appears that you are referring to the impact of the COVID-19 pandemic on events centre operators in Nigeria. According to reports, events centre operators in Nigeria are expected to lose over N800 million (approximately $2.2 million USD) in monthly revenue due to the pandemic.

The loss is attributed to the cancellation or postponement of various events, including conferences, weddings, and other social gatherings, which are major sources of revenue for events centre operators. The pandemic has led to a significant decline in the demand for event spaces, resulting in a substantial reduction in revenue for these operators.

The loss is expected to have a ripple effect on the economy, as events centre operators are likely to lay off staff, reduce their workforce, or even shut down operations altogether. This could lead to a loss of jobs and income for thousands of people, exacerbating the economic challenges posed by the pandemic.

It is essential for the government and relevant authorities to provide support to events centre operators, including financial assistance, tax relief, and other forms of aid, to help them navigate this challenging period and recover from the losses incurred.