…Households’ main reported mechanism for coping with shocks was reducing food consumption (48.8 percent)
THUR NOV 21 2024-theGBJournal| Approximately two out of three households indicated being unable to eat healthy, nutritious or preferred foods because of lack of money in the last 30 days.
This revelation is contained in the multi-topic survey- the GHS-Panel Data and Report; Wave 5 (2023/24)-released today by the National Bureau of Statistics.
The report- The General Household Survey – Panel (GHS-Panel), is Nigeria’s only nationally representative panel survey, allowing researchers to track the same households over time.
To date, five waves of the GHS-Panel have been conducted: in 2010/11 (Wave 1), 2012/13 (Wave 2), 2015/16 (Wave 3), 2018/19 (Wave 4), and 2023/24 (Wave 5).
The survey also finds that 63.8 percent of households ate only a few kinds of food due to lack of money, 62.4 percent were worried about not having enough food to eat, and 60.5 percent ate less than they thought they should.
Between Waves 4 and 5, the proportion of households that reported being worried about not having enough food to eat because of lack of money increased significantly, from 36.9 percent to 62.4 percent.
In the past 12 months, more than one-third of households faced food shortages, which occurred more frequently in the months of June, July, and August.
Price increases on major food items were the most prevalent shock reported by households, affecting 71.0 percent of surveyed households.
Households’ main reported mechanism for coping with shocks was reducing food consumption (48.8 percent).
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