The National Bureau of Statistics (NBS) says the most prevalent shock affecting households across Nigeria is the price increases on major food items.

The NBS said 71 per cent of households reported this shock.

The NBS disclosed this in its General Household Survey-Panel (GHS-Panel) Wave 5 2023/2024 unveiled in Abuja.

The report said urban households experienced the shock of food price increases at 75.5 per cent more than rural households at 68.9 per cent.

It said the issue was most pronounced in the South-East and South-South zones at 83.6 per cent and 79.3 per cent, respectively.

“In general, the data indicate that price hikes on essential goods are a major concern for households nationwide.”

The report revealed the other top most common economic shocks were increase in price of oil and fuel at 52 per cent, and increase in prices of other fuels at 32.2 per cent.

“This was followed by increase in price of farming/business inputs at 28.8 per cent, floods at 8.8 per cent, droughts at 5.8 per cent, and pest and plant disease at 5.7 per cent.

“Shortage/scarcity of petrol at 5.3 per cent, irregular rains at 4.7 per cent and very high temperatures (>40°C) at 4.7 per cent.”

It said these households dealt with shocks in a variety of ways, but the main coping mechanism was reducing food consumption at 48. 8 per cent.

“To cushion shock effects, some households also received assistance from friends and family at 36.1 per cent and reduced purchased quantities compared to the last at 32.6 per cent.

“In contrast, a significant proportion of households did nothing to deal with the shocks at 28.3 per cent.”

The report revealed that only 4.0 per cent of households nationwide received safety-net assistance, a decline compared to GHS-Panel Wave 4 at 10. 4 per cent.

The report showed that households in the urban areas had a higher coverage of receiving assistance at 5.2 per cent compared to rural areas which has a coverage of 3.5 per cent.

“Also households in the urban areas had a stronger reliance on cash assistance at 60.5 per cent compared to the rural areas at 49.6 per cent.”

The report said at the zonal level, the South-South and North-West zones recorded the highest share of households with safety nets at 6.7 per cent and 5.6 per cent, respectively.

The News Agency of Nigeria (NAN) reports that the GHS-Panel is Nigeria’s nationally representative longitudinal household survey which commenced in 2010 and the NBS has implemented five waves of the survey.

The panel nature of the data enables tracking household-level changes in critical areas of welfare, work, and socio-economic outcomes over time, yielding insights for policy. 

The Supreme Court has nullified the National Lottery Act 2005 enacted by the National Assembly, declaring it unconstitutional.

The apex court in a unanimous decision delivered by a seven-member panel on Friday held that the National Assembly lacks the authority to legislate on matters related to lotteries and games of chance, as such powers reside exclusively with state Houses of Assembly.

Justice Mohammed Idris, who delivered the lead judgement, ordered that the National Lottery Act 2005 should no longer be enforced in any state except the Federal Capital Territory (FCT), where the National Assembly is constitutionally empowered to make laws.

This judgement arises from a suit filed in 2008 by Lagos State and several other states, challenging the constitutionality of the Act.

The court’s decision reinforces the federal principle of states’ autonomy over certain legislative matters.

Details later.

Officials of the Department of State Services (DSS) Thursday in Abuja arrested one Kennedy Tabukoi for allegedly leading an unregistered Non-Governmental Organization (NGO), the Niger Delta Development Initiative (NDDI), to blackmail certain high-profile officials of government.

According to security sources, when such government officials fail to meet Tabukoi’s demands, he resorts to organising other unsuspecting groups to lead protest marches against government officials.

One such protest march was held Thursday morning at the National Assembly gate, where Tabukoi led several groups to protest against what he claimed were moves by the federal lawmakers to stall a probe of the petroleum sector.

The sources confirmed that, unknown to Tabukoi, security operatives had been on his trail after certain officials of government reported the several attempts he made to allegedly blackmail them into parting with huge sums of money and contracts, “or risk being embarrassed.”

A security source said, “That man Tabukoi had been boasting to friends and members of his syndicate that, as a Niger Deltan activist, he would use his NGO to deal with any government official who didn’t do his bidding.

“Unknown to him, it was the same people he had been intimidating with claims of how much he would make from top government officials in Abuja that tipped off the DSS that he had no NGO and that he was merely using impersonation to blackmail such government officials.”

“When we invited Tabukoi, he didn’t waste time in corroborating the claims of his so-called friends. He said he was aware that several Niger Deltans made money from activism, reason he was in the process of raising money to register his own NGO.”

The National Economic Council (NEC) has in its resolve to end the frequent collapse of Nigeria’s power grid set up a National Electrification Committee.

The Vice President, Kashim Shettima who is the chairman of NEC disclosed this in a post he shared on his official X account on Thursday night.

“The National Economic Council (NEC) has resolved to reinforce implementation of the National Electrification Strategy in a bid to end the collapse of the nation’s power grid,” the post read.

“This is just as Vice President, Kashim Shettima who is the chairman of NEC told members of the council that access to energy is a fundamental right and not a privilege because electricity is the oxygen of economic growth.”

Accordingly, the council has constituted a committee on National Electrification to help address the challenges in the power sector.

The formation of the committee was among decisions taken by NEC at the end of its 146th meeting on Thursday chaired by Shettima at the Council Chambers of the Presidential Villa, Abuja.

The committee headed by Cross River State Governor, Bassey Otu is to work towards deepening states’ engagements within the Electricity Reform Act 2023 and the National Electrification Strategy and Implementation Plan.

VP Shettima added that the private sector distributed renewable energy generation is vital to increasing electricity access across Nigeria.

Gov. Sheriff Oborevwori of Delta has approved the sum of N713 million for the 2024  bursary award for 32,028 students in tertiary institutions in the country.

The Executive Secretary of the State Bursary and Scholarship Board, Dr. Godfrey Enita, disclosed this in a statement made available to newsmen on Thursday in Asaba.

According to Enita, the governor’s approval for the year 2024, the bursary award will cover students of state origin in public and private universities.

“It also covers students in polytechnics, mono-technics, colleges of education, schools of nursing science, and other tertiary schools, including military and paramilitary institutions.

He described the governor’s gesture as rare and uncommon and should be applauded.

“The governor demonstrates his magnanimity and goodwill towards the well-being of the Delta students and youths in general.

“It also underscores his commitment towards educational advancement through financial assistance to students in diverse forms and through massive infrastructural development in schools across the state.

“It is hoped, as always, that beneficiaries of the state’s financial assistance schemes will continue to be worthy ambassadors of Delta wherever they find themselves,” he said.

The Labour Party (LP) has launched a nationwide initiative to strengthen grassroots mobilization and empower youth leaders as part of its strategic preparation for the 2027 general election.

This initiative aims to harness the energy and creativity of young Nigerians to drive change and secure the presidency.

Speaking at the Labour Party National Youth Leaders Conference on Wednesday in Abuja, the Director-General of the Labour Party Directorate of Mobilization and Integration, Marcel Ngogbehei, underscored the critical role of youth in shaping the country’s political future.

He emphasized the importance of unity and collaboration among youths, describing them as essential drivers of the transformation Nigeria urgently needs.

Ngogbehei highlighted the significance of grassroots leadership in fostering national unity and bridging divides among communities and stakeholders.

He noted that empowering youth leaders at the grassroots level is a vital step towards addressing Nigeria’s most pressing challenges, including security, economic empowerment, education, sustainable development, and good governance.

The Directorate reaffirmed its commitment to providing comprehensive support to youth leaders.

This includes offering training programs to build their capacity, creating advocacy platforms to amplify their voices, and equipping them with tools to enhance their effectiveness.

According to Ngogbehei, these measures will help ensure that youth leaders are better prepared to lead mobilization efforts and contribute meaningfully to the party’s success in the coming elections.

Outlining the Labour Party’s vision, Ngogbehei reiterated the party’s dedication to creating a fair, inclusive, and accessible political space where young people play a central role in policy formulation and strategic decision-making.

He noted that the concerns, aspirations, and visions of young Nigerians must not only be heard but must also shape the direction of the party’s policies and strategies.

“The energy, creativity, and commitment you bring to our party are not only inspiring but essential as we work to build a stronger and more inclusive Labour Party and Nigeria,” Ngogbehei stated.

“Our nation is at a pivotal point, and your role as youth leaders cannot be understated. You are not just the voice of tomorrow—you are the force of today.

”He urged the participants at the conference to use the platform to strategize effectively, build networks, and develop actionable solutions to address the challenges facing the country. Ngogbehei emphasized that the success of the Labour Party’s mission depends on the active participation and leadership of its youth, who represent the future of Nigeria’s democracy.

The conference marked a significant step in the Labour Party’s efforts to position itself as a viable alternative in Nigeria’s political landscape, with young leaders at the forefront of its campaign for change.