Sunday, October 19, 2025
29.8 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Protein Challenge Webinar Series 8: Top 10 Take-Aways

By Elvis Eromosele

Numbers tell a story. If you can connect one story with another, you can make plausible inferences. Two reports released last week showed the power of these connections.

The Nigerian Bureau of Statistics showed that the unemployment rate for the fourth quarter of 2020 hit 33.3 per cent. This is an increase from the 27.1 per cent recorded in Q2, of the same year.

The Nigerian Protein Deficiency Report 2020 released in the same week indicated that cost and household income levels remain the major deterrents to adequate protein intake in Nigeria. According to the report, 45 per cent of Nigerians do not consume protein daily.

Can you see the connection?

The unveiling of The Nigerian Protein Deficiency Report 2020 was the highlight of the Protein Challenge Webinar Series 8. Protein Challenge is the tag of The Nigeria Protein Awareness Campaign, a protein pull media campaign supported by the United States Soybean Export Council (USSEC) and other partners to create awareness about the prevalence, status and impact of protein deficiency in Nigeria.

The report was presented by Mr. Obaro Agalabri, Service Line Lead (West Africa) IPSOS Channel Performance. IPSOS is a leading market research company that carries out in-depth analyses of various issues, such as health statistics, population demographics, and other related fields. Others on the panel included Dr. Beatrice Oganah Ikujenyo (PhD), Chief Lecturer, Department of Home Economics, Adeniran Ogunsanya College of Education, Oto-Ijanikin, and Prof Adetunji Lawrence Kehinde, Provost, College of Agriculture, Osun State University, Osun State, Nigeria.

The session was moderated by Dr. Adepeju Adeniran, Co-founder and National Chair of the Nigerian Chapter of Women in Global Health, a multi-national movement of women in health care devoted to global health improvement.

Here are my Top 10 Takeaways from the seminal session:

  • The NBS has stated that less than half of the country’s work force is unemployed. This rate of unemployment is alarming with wide-ranging far-reaching effects. It means a reduction in the purchasing power of households leading to lower general food purchases. Yet, the lower socio-economic classes believe they eat sufficient protein. Information!
  • A rise in unemployment results in low income, which causes poor diet. Nigeria has a gap in its protein consumption. The cost of protein in Nigeria is high and this restricts the consumption level (of protein). Cost and household income level are the main hindrances to adequate intake of protein in Nigeria. Income Gap!
  • The poverty level in Nigeria is contributing largely to the protein deficiency problem. The majority of Nigerians use more than 68 per cent of their income in purchasing protein foods. This is, for many Nigerians, a heavy burden; one that many would seek to avoid. So, naturally, protein intake declines to unacceptable levels. Poverty!
  • Protein deficiency in pregnant women could affect their unborn children. Pregnant women should ensure that they eat a balanced diet at all times. Nigeria has the second-highest burden of stunted children in the world. Growth and nutritional value are the main concepts associated with proteins and soybeans. Children and women should be prioritised in protein consumption in households. Prioritize Children in Protein Consumption!
  • Poor knowledge of food and protein leads to nutrient deficiency, poor diet and protein deficiency. We consume foods but we do not know the nutritional content of the food that we eat. To effectively tackle protein deficiency, we must eat right. Knowledge!
  • National orientation agency should promote protein awareness to the general public. The majority of these organisations also carry out CSR in sensitizing the public on eating a balanced diet. Word of mouth is currently the major source of awareness on protein food sources. Create Awareness!

 

  • The margin of people that are unemployed in Nigeria is on the rise. Agriculture can provide solutions here. It creates employment, empowers people and produces protein-rich food. Agriculture contributes to the nutrition status of any economy. The potential of the agricultural sector to alleviate protein deficiency is very high. Encourage Agriculture!
  • Food consumption patterns in Nigeria lean too much towards carbohydrates. Every day more and more people turn to rice, fufu, bread, pasta, yams and noodles. Protein-rich foods like soybeans, beans, legumes need to be consumed more. The most commonly consumed soybeans derivates are Soy Milk, Soy Powder, Soy Oil and Fried Soybeans. The use of a healthy food plate is important in meal planning. Explore Protein Power!
  • Though there have been some public-private sector interventions on soybeans, there is a need for more collective and collaborative efforts to drive more awareness. If affordability is a major limitation to the daily consumption of protein-rich meals, then soybeans should be a staple in households across Nigeria. Soybeans are a protein-rich food source. It needs to be consumed more across the country. Soypower!
  • It is advisable to consume protein from natural sources rather than take protein pills for our protein intake. The medical background of the patient is very important. Proper dieting is essential for the patient. Medicine is the last resort after the diet fails. Eat Well. Get Protein!

 

Funfact: Beans are the most consumed protein food by 81 per cent of Nigerians. 

Elvis Eromosele, a Corporate Communication professional and public affairs analyst lives in Lagos.

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

Roberts Orya: Fresh 5-Year Transformation Mandate at NEXIM

The Executive Indeed—Leadership, Hardwork, Competence, Transparency and Diligence surely have...

Nigeria Unveils New Airline, Nigeria Air

The Federal Government yesterday unveiled a new national airline,...

The CIIN 52nd AGM in Lagos

The 52nd Annual General Meeting (AGM) of the Chartered...

Debt Settlement: AMCON Returns Standard Shoe Company to Imo State Govt

Executive Director, Asset Management Corporation of Nigeria (AMCON), Dr....

Insurance Industry Most Resilient, Fast Expanding Sector in Nigeria –IICC Chairman

The Chairman, Insurance Industry Consultative Council (IICC), Mr. Edwin...

US Seeks Probe of AfDB’s President, Adesina over Ethics Allegations

  The United States of America (USA) through its Department...

Almond Insurance Consumers Forum, Nite Set for Nov 22

Almond Productions Limited, promoters of the annual Insurance Consumers'...
Exit mobile version