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China may have more pets than children under 4 by year end – Report

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By Francesca Hangeior.

 

China’s urban pet population is set to surpass the number of children under four by year end, according to reports by CNN and Goldman Sachs.

The reports, released on Thursday, noted that China’s population is ageing rapidly and its workforce is shrinking, following decades of a one-child policy.

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A study by the YuWa Population Research Institute found that China is one of the most expensive countries to raise a child, surpassing Australia and France in relative terms.

China’s government, which ended the one-child policy in 2016 and later relaxed birth restrictions in 2021 to allow three children, is now struggling to boost birth rates, having previously been successful in limiting them.

Couples interviewed for the study like Hansen, 36, and Momo, 35, are opting out of having children and instead choosing to become pet owners, a trend increasingly common among Chinese couples.

Owner Tao hangs out with dogs at Space, a dog hotel in Beijing. Photo: Justin Robertson/CNN
A Goldman Sachs report predicts that by year’s end, the number of pets in China’s urban areas will exceed the number of children under the age of four, driven by growing demand for pet food.

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Goldman Sachs projects that by 2030, urban China’s pet population will nearly double the number of children under four nationwide.

This estimate only accounts for urban areas, and the total number of pets would be even higher if rural areas were included.

According to Goldman Sachs, the rising pet ownership in China reflects a shift in values among younger generations, who no longer prioritise marriage and childbearing as a means of continuing family lineage.

“Different generations value things differently, you know,” said Hansen.

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Goldman Sachs reports that China’s pet food sector is booming, with sales growing 16% annually from 2017 to 2023, reaching $7 billion.

The industry is projected to expand to $12 billion by 2030, with a potential upside of $15 billion in just six years, making it one of the fastest-growing consumer sectors in the country.

The report highlights that the pet industry’s surge in China marks a stark contrast to just 20 years ago, when keeping pets was seen as a luxury of the wealthy and mixed-breed dogs were primarily valued as guard animals.

China’s birth rate is also expected to decline by 4.2% annually from 2022 to 2030, driven by a shrinking population of women aged 20-35 and a growing trend among young people to delay or forgo having children.

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“We expect to see stronger momentum in pet ownership amid a relatively weaker birth rate outlook and higher incremental household pet penetration from the younger generation,” the report stated.

Rising costs and economic uncertainty are deterring many Chinese couples from having children.

“The world’s second-biggest economy is facing headwinds ranging from high youth unemployment to a protracted property crisis,” CNN noted.

China’s government has shifted its approach, replacing restrictive population control measures like forced abortions and sterilisations with enticing incentives, such as cash rewards and extended parental leave, to encourage people to have children.

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China’s population has dropped for two consecutive years, hitting 1.409 billion, with a record-low birth rate of 6.39 per 1,000 people, the lowest rate since the founding of Communist China in 1949.

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Lagos Youths Condemn Attacks on Seyi Tinubu By Faceless Groups

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By Gloria Ikibah
A group under the auspices of Coalition of Lagos Indigenous Youth (CLYI), has disassociated itself from recent media publications aimed at discrediting Mr. Seyi Tinubu, the son of President Bola Tinubu.
Coordinator of the group, Hon. Tunde Azeez in a strongly-worded statement issued on Tuesday, described the allegations as baseless and perpetrated by faceless individuals seeking to tarnish Mr. Tinubu’s reputation.
The coalition clarified that the controversial post circulating on social media, purportedly made by its members, is fraudulent.
“We wish to categorically state that the earlier post did not originate from the members or executives of the Coalition of Lagos Indigenous Youth,” Azeez asserted.
Describing Mr. Tinubu as a “proud and industrious son of Lagos,” the coalition pledged unwavering support for him, and noted his significant contributions to youth empowerment and development in Lagos.
The group further expressed its readiness to support Mr. Tinubu should he decide to declare interest in the governorship of Lagos State, although they clarified that he has not engaged in political discussions with any group or individual regarding such aspirations.
“Seyi Tinubu is one of us, Lagos is home and will remain home for him, not just as an indigene but also as a critical player dedicated to helping young people.” ,” the statement emphasized.
The group further directed a stern warning to the faceless individuals behind the defamatory campaign, particularly one Ibrahim Whyte, whom they accused of impersonating the coalition.
“We strongly caution Ibrahim Whyte and his cohorts to desist from blackmailing Mr. Seyi Tinubu while falsely impersonating our group,” it added.
The coalition vowed to explore legal options to protect its integrity and that of Mr. Tinubu, should the defamation persist.
CYLI, concluded by urging Lagosians to disregard the misleading narratives and focus on fostering unity and development in the state.
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House Approves President Tinubu’s N1.767trn Loan Request

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By Gloria Ikibah
The House of Representatives has granted approval for the implementation of the new external borrowing of N1,767, 610, 321, 779.00 (USD 2.209B).
The approval was sequel to the adoption of the recommendations of the House Committee on Aids, Loans and Debt Management Chaired by Rep. Abubakar Nalaraba, and presented at the Committee of the Whole on Thursday.
Presenting the report, the Committee Chairman, Rep. Nalaraba said the committee met and made the following recommendations, which he entreated the House to approve.
He said: “Approve the implementation of the New External Borrowing of one trillion, seven hundred and sixty seven billion, six hundred and ten million, three hundred twenty-one thousand, seven hundred and seventy-nine Naira (₦1,767, 610,321,779.00) (equivalent of USD2, 209, 512, 902. 22b) at the Budget
Exchange rate of USD1.00/800 in the 2024 Appropriation Act and that the amount should be raised from one or more sources. Namely; issuance of Eurobonds in the ICM, Issuance of debut sovereign Sukuk in the ICM, Bridge/syndicated loans, subject to market conditions;
“That based on availability and cost, to issue Eurobonds in the sum of USD1.70 billion or more, but not more than USD2,209,512,902,.22b, approved as New External Borrowing in the 2024 Act;
“Given the significant increase in the official exchange rate from USD1.00/₦800 to approximately ₦1,640, it is recommended that the exchange rate excess resulting from this adjustment be exclusively utilised for implementation of capital projects in 2024, to ensure that additional funds are
directed to impactful infrastructure & developmental projects that will contribute to the Nation’s long term growth and stability;
“Approve the Promissory Note Programme and Bond Issuance to settle outstanding claims and liabilities of the federal government. This approval prioritizes the issuance of Promissory Notes to address outstanding reimbursement debts owed to States, high-priority judgment debts, and other liabilities incurred by Federal Ministries, Departments, and Agencies. This measure is critical to preventing additional interest costs, mitigating further increases in the Federal Government’s debt profile, and reducing the debt-to-GDP ratio;
“That the Hon. Minister of Finance and Coordinating Minister of the Economy, working with the Debt Management Office are authorised to take all necessary actions required to give effect to this.”
The lawmakers unanimously adopted and passed the recommendations.
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Reps Direct IGP, DG DSS To Deploy Personnel To Etsako LGA Over Worsening Insecurity

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By Gloria Ikibah
The House of Representatives has directed the Inspector General of Police, Kayode Egbetokun, Chief of Defence Staff, General Christopher Musa and Director General, Department of State Services, Oluwatosin Ajayi to urgently deploy personnel to tackle the worsening insecurity in Itsukwi, Imiakebu, Imiegba and Okpekpe communities in Etsako East Local Government Area of Edo State.
The resolution was sequel to the adoption of a motion of urgent public importance on the “Urgent need to deploy security agents to Itsukwi, Imiegba, Okpekpe and Imiakebu communities to halt herdsmen’s onslaught against innocent citizens,” by Rep. Billy Osawaru, member representing Orhionmwon/Uhunmwode Federal Constituency, Edo State on Thursday at plenary.
Rep. Osawaru, drew the attention of the House to the provision of Section 14 (b) of the 1999 Constitution (As amended) on the need for government to provide security and welfare for the people.
He stated that Section 17 (b) of the Constitution provides that the sanctity of the human person shall be recognised and human dignity shall be maintained and enhanced; governmental actions shall be humane.
According to him,  Chapter 4 of the nation’s Constitution in Section 33 (1) provides that “Every person has a right to life, and no one shall be deprived intentionally of his life, save in execution of the sentence of a court in respect of a criminal offence of which he has been found guilty in Nigeria.”
He said: “The House is aware that on Monday, October 28, 2024, herdsmen invaded Ugbereke, a popular farmland known for its fertility and destroyed completely the yam plantation of a youth leader in Itsukwi community (Ward 9, Etsako East Local Government Area, Edo State), Mr Samuel Igbeneghu.
“The House is also worried that on Tuesday, November 5, 2024, three farmers by the names Umuagene Obey, Emuesugheli Obi and Ogbitabu Imoudumhe (all from Okpekpe community in Ward 10, Etsako East Local Government Area of Edo State were ambushed on the way to their farms and brutally murdered by suspected herdsmen.
“Same day, the killers made their way to Ugbereke, and killed one Undyar Aondongu (male) while  five women were beaten and left to flee with various degrees of injuries.”
The lawmaker stated that as a result of these violent campaigns, farmers in these communities no longer visit their farms for fear of being attacked or killed.
He therefore warned that if the Federal Government fails to take urgent steps to address the crisis, acute hunger owing to food scarcity would be the natural consequence, not just for the people of the area but the entire Etsako East Local Government Area and by extension, Edo State as a whole.
Then the presided officer, Speaker Tajudeen Abbas put itcto a vote, the House unanimously adopted the motion, observed a minute silence in honour of the dead and directed the immediate deployment of security agents to the four communities.
The House also mandated the Inspector General of Police and other relevant security agencies to investigate this tragic incident and fish out the perpetrators for prosecution, while also tasking them to Immediately step up the security surveillance to contain the escalation of insecurity within Itsukwi, Imiakebu, Imiegba and Okpekpe communities and beyond.
The legislative body also urged the Inspector General of Police, Chief of Defence Staff, DG, DSS, General Officer Commanding 2 Division of the Nigerian Army and the Commander, 4th Mechanised Brigade in Edpo State to deploy their personnel to Itsukwi, Imiakebu, Imeigba and Okpekpe communities to safeguard the lives and properties of the people.
The motion was subsequently referred to the House Committee on Army, Police, National Intelligence and Legislative Compliance with a timeframe of four weeks to report back for further action.
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