General
Nigerian Consumer Sentiment Suffers Sharp Decline
By Modupe Gbadeyanka
The latest report from Nielsen West Africa has disclosed that consumer sentiment in Nigeria suffered a sharp decline in the second quarter of 2020.
In the Nielsen Consumer Confidence Index (CCI), it was stated that Nigeria’s index decreased by 14 points to 108, while Ghana, its West African brother, reported a substantial decrease of 15 points to 104.
The declines in the two West Africa giants were attributed to the unprecedented COVID-19 pandemic, which caused the two countries to declared lockdowns as part of efforts to stop the spread of the virus.
This consequently caused loss in the economy and forced some companies to lay off some of their employees, while citizens were unable to purchase things they used to.
According to the report, in Q2 2020, Nigerian job prospects declined with less than half viewing them as excellent or good, a 14-point drop from the previous quarter.
Nigerians’ sentiment around the state of their personal finances also showed a decline with 59 percent who think they will be excellent or good over the next year, having decreased 19 points from the previous quarter.
Immediate-spending intentions also declined, with only a third of the respondents saying “now is a good or excellent time to purchase” what they want or need, a 14-point drop from the previous quarter.
In terms of whether Nigerians have spare cash to spend, 32 percent said yes, versus 50 percent in the previous quarter.
An analysis of Nigerians spending priorities, once they have met their essential living expenses, it was observed that 81 percent said they would put their spare cash into savings, 73 percent said home improvements and decorating and 66 percent would invest in shares/mutual funds.
Furthermore, 76 percent of Nigerians said they had changed their spending to save on household expenses compared to this time last year. To reduce expenses, 67 percent said they had delayed the replacement of major household items (a 10-point increase on the previous quarter).
In addition, 64 percent said they would spend less on new clothes and 56 percent said less out of home entertainment – both of which are understandable given ongoing restricted living patterns.
In the next 12 months, Nigerians said their top concern would be attaining a work/life balance (31 percent), which has seen the biggest increase of eight points compared to the previous quarter. This is followed by increasing food prices (23 percent) and concerns over the economy (19 percent).
Commenting on the consumer sentiment for Nigeria, the Managing Director of Nielsen Nigeria, Mr Ged Nooy, stated that, “As Africa’s largest economy and the largest exporter of oil, Nigeria’s economy was already under immense pressure before the COVID-19 lockdown due to the collapse in international oil prices.
“Based on the additional economic pressure as a result of the COVID-19 pandemic, Nigeria, therefore, instituted a fairly early easing of its 5-week lockdown in early May due to the adverse financial effects on its economy and population.”
Elaborating on these results, Mr Nooy submitted that, “Economic recovery has been sluggish and will remain severely constricted due to the oil price crash amidst and beyond the pandemic.
“For Nigeria’s manufacturing and retail sectors to rebound will require a sharp focus, as trade opportunities and execution remains severely constrained, having further deteriorated during the partially restricted living period.”
Looking at Ghana’s performance, its citizens have significantly dropped their outlook around their job prospects, with less than half (45 percent) saying they will be good or excellent in the next 12 months – a 16-point decrease from the previous quarter.
In terms of the state of their personal finances over the next 12 months, 60 percent say they are excellent or good, again a substantial 16-point drop from the previous quarter.
Ghanaians propensity to purchase has also seen a considerable decrease quarter on quarter, with the number of those who think now is a good or excellent time to purchase what they want or need drop from 52 percent to 33 percent in the second quarter.
Only 43 percent of Ghanaians say they have spare cash, down 13 points from the previous quarter. Once they meet their essential living expenses, the highest number of consumers (74 percent) put their spare cash into savings, followed by 73 percent on home improvements/decorating and 56 percent who would invest in stocks and mutual funds.
One of the most significant drops in discretionary spending is on holidays down from 58 percent to 27 percent – a clear indicator of consumers’ mindset shift away from non-essential services and their desire to avoid unnecessary travel.
When asked whether they had changed their spending to save on household expenses compared to this time last year, 75 percent said yes, up seven points from the previous quarter.
To reduce expenses, 53 percent said they spent less on new clothes, 52 percent on out of home entertainment, with the same figure deferring on the replacement of major household items.
When looking at the real-life factors that are affecting their outlook, the top consumer concerns over the next 12 months were increasing food prices (29 percent), followed by work/life balance (23 percent) and their children’s education (22 percent).
Yannick Nkembe, Market Lead for Nielsen West Africa Expanded Market, noted that, “The latest consumer sentiments reflect the market reality.
“With the global pandemic affecting the economy and causing general uncertainty all around, consumers have readjusted their confidence levels and are also more cautious with their spend.”
Nkembe added that, “Ghana has previously experienced strong business prospects and with the relatively earlier easing of restrictions to stimulate its economy, recovery in Ghana is likely to rebound sooner.
“We expect consumers to revert to previous consumption behaviours, although some of their attitudes will have fundamentally or permanently changed post the pandemic.”
General
Gbajabiamila Leads Presidential Working Group on State Police
By Adedapo Adesanya
President Bola Tinubu on Tuesday inaugurated the Presidential Working Group on the National Policing Bill to prepare the legal framework for the implementation of state police across the country.
President Tinubu, represented by his Chief of Staff, Mr Femi Gbajabiamila, inaugurated the panel at the Presidential Villa, Abuja.
The inauguration followed the National Assembly’s passage of the Constitution Alteration (State Police) Bill, 2026, in which the President proposes a dual policing structure comprising the Federal Police Service and 36 State Police Services.
The President said that while the constitutional amendment creates the framework for state police, the National Policing Bill would provide the legal structure for its implementation.
“The Constitution Amendment Bill establishes the framework for dual policing, but it does not operationalise it. That work is left to the National Policing Bill.”
He said the proposed legislation would address issues necessary for a smooth operationalisation of the State Police system.
“The proposed National Policing Bill will include provisions on minimum policing standards, state readiness certification, federal-state coordination, accountability, human rights safeguards and fiscal conditions.”
The President said that the committee will produce an implementation-ready draft bill immediately after the constitutional amendment process.
“The Working Group has been constituted to produce a technically robust, implementation-ready draft National Policing Bill for transmission to the National Assembly,” President Tinubu said.
He said the committee was necessary to avoid delays after the State Police bill passed.
“We must not wait until the constitutional process is concluded before beginning this important assignment,” he said.
Mr Gbajabiamila will serve as the committee’s chairman. Members include the Attorney-General of the Federation, the President of the Nigerian Bar Association (NBA), the Chairman of the Nigeria Governors’ Forum (NGF), the National Security Adviser, the Inspector-General of Police, the Chairman of the NGF Committee on State Police. A Secretariat will offer some administrative assistance to the committee.
Governor Dapo Abiodun of Ogun State, on behalf of the NGF, pledged governors’ support for the speedy implementation of the reform.
He said the plan is for the 36 state governors to accelerate work on the bill once it reaches their respective Houses of Assembly and is passed unanimously.
Mr Abiodun described the proposed state police as a response to Nigerians’ long-standing demand for community-based policing.
“This bill has answered the cries of Nigerians about cascading policing and removing it from the Exclusive Legislative List.”
He said the initiative validated the success of regional security outfits such as Amotekun in the South-West.
Mr Abiodun said the state police would significantly increase the number of security personnel nationwide.
“If each state deploys about 6,000 personnel, we will add nearly 200,000 officers to complement the existing federal police.”
The Governor commended President Tinubu for initiating implementation plans before the constitutional amendment process was completed.
“This inauguration demonstrates the proactiveness of the Executive in preparing for effective implementation,” Mr Abiodun said.
The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi, SAN, described the initiative as timely in view of Nigeria’s security challenges.
“There is no denying the fact that we are in a critical moment security-wise, and all hands must be on deck,” he said.
Mr Fagbemi urged governors to ensure speedy ratification of the constitutional amendment by their respective state assemblies.
“I appeal to the governors to do their utmost to ensure the early passage of the constitutional amendment because this is a shared responsibility,” he said.
President of the Nigerian Bar Association, Mr Afam Osigwe, reaffirmed the association’s support for the state police initiative.
“Nigeria can hardly be effectively policed by one national police. We fully support the constitutional amendment providing for state police,” he said.
Mr Osigwe, however, stressed the need for adequate legal safeguards to prevent abuse of state police.
“We must ensure we do not create a monster. The right legal framework must guarantee accountability and prevent oppression,” he said.
He pledged the NBA’s commitment to supporting the committee in producing legislation that will strengthen security while protecting citizens’ rights.
General
NMDPRA Begins Stakeholder Talks on Cost-Reflective Petrol Pricing
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has commenced consultations with industry stakeholders on the implementation of a cost-reflective pricing framework for Premium Motor Spirit (PMS), also known as petrol.
The move is aimed at promoting stability, transparency and long-term sustainability in Nigeria’s downstream petroleum sector.
The high-level stakeholder engagement brought together marketers, operators and other industry participants to deliberate on a pricing regime that reflects prevailing market conditions while balancing the interests of consumers, investors and petroleum operators.
According to the authority, the initiative follows a similar consultative approach recently adopted to address price distortions in Nigeria’s domestic liquefied petroleum gas (LPG) market.
Speaking on this, the regulator’s chief executive, Mr Rabiu Umar, said the engagement was designed to encourage transparent and solution-driven dialogue on emerging challenges in the downstream sector.
“The engagement was designed to foster transparent, inclusive, and solution-oriented dialogue with stakeholders to address emerging industry challenges, strengthen market surveillance, and enhance Nigeria’s energy security through a more efficient and resilient downstream market,” Mr Umar said.
The meeting was led by the Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, who received recommendations from stakeholders and reaffirmed the federal government’s commitment to building a competitive downstream petroleum industry.
Mr Lokpobiri said the government would continue to work closely with industry players to implement policies that promote investor confidence while safeguarding consumers.
“The federal government will continue to collaborate with all stakeholders to implement policies that inspire investor confidence, protect consumers, ensure fair market practices, and support Nigeria’s long-term economic growth and energy security,” the minister said.
He added that the stakeholder engagement would continue until an acceptable pricing framework is achieved.
He also assured everyone that this strategic engagement would be an ongoing drive until a satisfactory outcome is achieved in the near term.
The NMDPRA said the consultations form part of ongoing efforts to deepen market efficiency, strengthen energy security and establish a transparent pricing framework capable of supporting sustainable investment across Nigeria’s downstream petroleum industry.
General
Nigeria Probes Big Tech Over Anti-Competitive Practices, News Content Use
By Adedapo Adesanya
Nigeria is investigating major technology companies over alleged anti-competitive practices and unauthorised use of news content following a directive from President Bola Tinubu to the Federal Competition and Consumer Protection Commission (FCCPC) on Monday.
The anti-trust commission launched an investigation into major technology companies over allegations of anti-competitive practices, unlawful use of news content and other actions said to be harmful to Nigerian media organisations.
The development was disclosed in a statement issued on Monday by the FCCPC’s Director of Corporate Affairs, Mr Ondaje Ijagwu, following a joint petition submitted to the Presidency by the Nigerian Press Organisation (NPO).
The NPO comprises the Newspaper Proprietors’ Association of Nigeria (NPAN), the Nigeria Union of Journalists (NUJ), the Broadcasting Organisations of Nigeria (BON) and the Guild of Corporate Online Publishers (GOCOP).
The commission will also investigate Generative Artificial Intelligence platforms operating in Nigeria as part of the inquiry.
The federal government conveyed the directive to the FCCPC in a letter signed by the Minister of Information and National Orientation, Mr Mohammed Idris.
The petition centres on concerns by media stakeholders over the growing influence of some digital platforms on the survival of Nigeria’s news industry.
NPO accused major technology firms, including Meta, Alphabet and X, formerly known as Twitter, as well as some Generative AI platforms, of engaging in practices that could weaken fair competition, threaten the financial survival of media organisations and violate the rights of publishers and content creators.
FCCPC Executive Vice Chairman and Chief Executive Officer, Mr Tunji Bello, said the commission would carry out a transparent and evidence-based investigation into the claims.
“We recognise the strategic importance of the media to Nigeria’s democracy and the equally significant role of technology in driving innovation and economic growth. Our responsibility is to objectively determine the facts and ensure that competition within the digital ecosystem remains fair, transparent, and consistent with Nigerian law,” Mr Bello said.
Bello said the inquiry was not based on any assumption of guilt but was aimed at establishing the facts and hearing from all parties involved.
“This inquiry is not directed at any entity by presumption of wrongdoing. Rather, it is an opportunity to carefully examine the facts, hear from all affected parties, and determine whether any conduct has resulted in anti-competitive outcomes or unfair business practices. Every party will be accorded a fair opportunity to present relevant information before any conclusions are reached.”
He said the commission would determine whether the alleged conduct violates the Federal Competition and Consumer Protection Act 2018 or any other relevant law.
The FCCPC had previously investigated Meta and secured a judgment against the company in 2025 over breaches of the FCCPA, including data violations, resulting in a $220 million fine. Meta has appealed the ruling.
According to the commission, the new investigation will focus on allegations of market dominance and possible anti-competitive conduct by the companies involved.
It will also examine claims that copyrighted news articles, broadcast materials and other original journalistic works were extracted, scraped, ingested or commercially used without authorisation for the training and development of Generative AI models.
Another issue under review is the alleged absence of fair commercial arrangements between global technology companies and Nigerian media publishers. At the centre of this is the claim that local media organisations have not been given meaningful opportunities to negotiate compensation or proper commercial terms for the use of their content.
The FCCPC noted that a similar intervention in South Africa led to an agreement under which Google would pay South African news media R688 million, equivalent to about $40 million, every year for a period of three to five years following agitation by media organisations and an investigation by the South African Competition Commission.
France fined Google €500 million in 2021 over failures in negotiations with news publishers and breaches linked in part to the use of publisher content by AI systems. Australia and Canada have also introduced bargaining frameworks that resulted in payment agreements between technology companies and publishers.
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