News
UN Report: 2024 Could Errand Protracted Period of Low Growth
UN Report: 2024 Could Errand Protracted Period of Low Growth
By: Michael Mike
A United Nations flagship economic report has raised an alarm that protracted period of low growth looms large, and could undermine progress on sustainable development.
According to the report released on Friday, weakening global trade, high borrowing costs, elevated public debt, persistently low investment, and mounting geopolitical tensions put global growth at risk.
The global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024, launched on Friday.
This latest forecast comes on the heels of global economic performance exceeding expectations in 2023. However, last year’s stronger-than-expected GDP growth masked short-term risks and structural vulnerabilities, according to the report.
The UN’s flagship economic report presents a sombre economic outlook for the near term. Persistently high interest rates, further escalation of conflicts, sluggish international trade, and increasing climate disasters, pose significant challenges to global growth.
The report stated that the prospects of a prolonged period of tighter credit conditions and higher borrowing costs present strong headwinds for a world economy saddled with debt, while in need of more investments to resuscitate growth, fight climate change and accelerate progress towards the Sustainable Development Goals (SDGs).
Reacting to the report, the United Nations Secretary- General, António Guterres, said: “2024 must be the year when we break out of this quagmire. By unlocking big, bold investments we can drive sustainable development and climate action, and put the global economy on a stronger growth path for all,” adding that:
“We must build on the progress made in the past year towards an SDG Stimulus of at least $500 billion per year in affordable long-term financing for investments in sustainable development and climate action.”
The report stated that growth in several large, developed economies, especially the United States, is projected to decelerate in 2024 given high interest rates, slowing consumer spending and weaker labour markets. The short-term growth prospects for many developing countries – particularly in East Asia, Western Asia and Latin America and the Caribbean – are also deteriorating because of tighter financial conditions, shrinking fiscal space and sluggish external demand.
Low-income and vulnerable economies are facing increasing balance-of-payments pressures and debt sustainability risks. Economic prospects for small island developing States, in particular, will be constrained by heavy debt burdens, high interest rates and increasing climate-related vulnerabilities, which threaten to undermine, and in some cases, even reverse gains made on the SDGs, according to the report.
The report further showed that global inflation is projected to decline further, from an estimated 5.7 per cent in 2023 to 3.9 per cent in 2024. Price pressures are, however, still elevated in many countries and any further escalation of geopolitical conflicts risks renewed increases in inflation.
In about a quarter of all developing countries, annual inflation is projected to exceed 10 per cent in 2024, the report highlighted, showing that since January 2021, consumer prices in developing economies have increased by a cumulative 21.1 per cent, significantly eroding the economic gains made following the COVID-19 recovery. Amid supply-side disruptions, conflicts and extreme weather events, local food price inflation remained high in many developing economies, disproportionately affecting the poorest households.
“Persistently high inflation has further set back progress in poverty eradication, with especially severe impacts in the least developed countries,” said United Nations Under- Secretary-General for Economic and Social Affairs, Li Junhua,.
He said: “It is absolutely imperative that we strengthen global cooperation and the multilateral trading system, reform development finance, address debt challenges and scale up climate financing to help vulnerable countries accelerate towards a path of sustainable and inclusive growth.”
According to the report, the global labour markets have seen an uneven recovery from the pandemic crisis. In developed economies, labour markets have remained resilient despite a slowdown in growth. However, in many developing countries, particularly in Western Asia and Africa, key employment indicators, including unemployment rates, are yet to return to pre- pandemic levels. The global gender employment gap remains high, and gender pay gaps not only persist but have even widened in some occupations.
Stronger international cooperation needed to stimulate growth and promote green transition.
It advised that Governments will need to avoid self-defeating fiscal consolidations and expand fiscal support to stimulate growth at a time when global monetary conditions will remain tight, adding that Central banks around the world continue to face difficult trade-offs in striking a balance between inflation, growth and financial stability objectives. Developing country central banks, in particular, will need to deploy a broad range of macroeconomic and macroprudential policy tools to minimize the adverse spillover effects of monetary tightening in developed economies.
Furthermore, the report emphasized that robust and effective global cooperation initiatives are urgently needed to avoid debt crises and provide adequate financing to developing countries. Low-income countries and middle-income countries with vulnerable fiscal situations need debt relief and debt restructuring to avoid a protracted cycle of weak investment, slow growth and high debt-servicing burdens.
It added that in addition, global climate finance must be massively scaled up. Reducing – and eventually eliminating – fossil fuel subsidies, following through on international financing commitments, such as the $100 billion pledge to support developing countries, and promoting technology transfer are critical for strengthening climate action worldwide. It also underscores the ever- increasing role of industrial policies to bolster innovation and productive capacity, build resilience and accelerate a green transition.
UN Report: 2024 Could Errand Protracted Period of Low Growth
News
International Alliance Group Call on Government to Ensure Schools are Safe for Students
International Alliance Group Call on Government to Ensure Schools are Safe for Students
By: Michael Mike
Moving Minds Alliance (MMA) has called on the federal government to tackle insecurity in schools headlong and ensure that schools are safe for Nigerian students.
Speaking on the background of Monday’s abduction of at least 25 children and a teacher at a boarding school in north-western Nigeria’s Kebbi state, the Interim Director of the Moving Minds Alliance (MMA), Katie Murphy on Wednesday in Abuja at the First National Consultative Meeting on Early Childhood Development (ECD) in Crisis, a two-day dialogue aimed at strengthening support systems for young children affected by conflict, displacement, and other emergencies, said the abduction was a sad narrative that should not be allowed to happen again.
The Moving Minds Alliance (MMA) is a funders collaborative and network focused on scaling up support for young children and families affected by crisis and displacement. They aim to improve coverage, quality, and financing of early childhood development services in emergency contexts.
Speaking at the event, Katie Murphy, stressed the urgency of securing innovative and sustainable domestic financing to safeguard the holistic development of Nigeria’s youngest children.

Murphy noted that while Nigeria receives substantial global support for ECD in crisis settings, most of the funding is channelled into health and nutrition, leaving critical areas such as early learning, responsive caregiving, and psychosocial support largely underfunded.
“This gap presents both a warning and an opportunity,” she said. “If we fail to invest now, the long-term wellbeing of children living through conflict and displacement will be at risk. But with coordinated action, Nigeria can champion a strong national commitment that inspires global momentum.”
She added that the meeting aims to review ongoing interventions, identify policy and financing solutions, and build a unified advocacy roadmap “led by Nigeria, for Nigeria’s children.”
She noted this at the national consultative meeting on children in crisis and development in Nigeria, a 2-day dialogue with Government and Early Childhood Development (ECD) stakeholders and also launch of it strategy and unveiling, “Reimagining early years crisis response strategy 2025-2030” in Abuja.
She said Nigeria can play a vital role in shaping a bold national commitment that inspires global action and includes a specific focus on children affected by crisis and displacement.
“Over the next two days, we are here to reflect on existing efforts to strengthen ECD for children affected by crisis and displacement, identify the policy and financing pathways that can accelerate progress, and begin to work together to shape a coordinated advocacy agenda led by Nigeria, for Nigeria’s children,” she said.
Also, the Early Childhood Care Development and Education (ECCDE) desk officer at the Ministry of Education, Confidence Okonkwo represented by the Director Basic Education, FME, Dr Folake Olatunji-David assured that the Federal Government of Nigeria is committed in ensuring that every Nigerian child is given adequate care in terms of nutrition, in terms of health, in terms of education.
” Nigerian Government has extended collaboration to private sector development for support because government do not have all the resources to cater for challenging issues in the education sector in the country, ” she said.
Representing the Federal Ministry of Education, Director of Basic Education, Dr. Folake Olatunji-David,, reaffirmed government commitment to ensuring that every child receives adequate nutrition, healthcare, and learning opportunities. She explained that the government is deepening partnerships with the private sector, acknowledging that public resources alone are insufficient to tackle the growing challenges in the education system.
Current national data paints a stark picture, showing that 3.6 million people in Nigeria are displaced as of October 2025, including over 3.57 million internally displaced persons (IDPs) and 142,557 refugees and asylum-seekers, with more than half of the displaced population are children.
It also showed that 1.8 million children face the threat of severe acute malnutrition, and over 18 million Nigerian children are currently out of school—many due to insecurity and displacement.
Children in these environments often miss out on nurturing care, early learning, mental health support, and other foundations essential for lifelong wellbeing. Without strategic action, experts warn that Nigeria risks falling short of national development targets and the 2030 Sustainable Development Goals.
Although Nigeria ranked among the top global recipients of ECD funding in crisis contexts in 2023—$27 million in humanitarian aid and $270 million in development assistance—funding patterns remain uneven. With the OECD forecasting a 30% drop in global aid, Nigeria could lose up to $89 million in ECD-related support by 2027, heightening the importance of domestic investment.
At the consultative meeting organised by the Moving Minds Alliance, the Federal and state ministries, including Education and Women Affairs; UN agencies such as UNHCR; Philanthropic organisations; International and local NGOs; Refugee- and community-led groups from Borno, Cross River, and Benue and media, researchers, and advocates These states were selected for their large populations of refugees and IDPs.
The event also marked the official launch of MMA’s 2025–2030 strategy: Reimagining Early Years Crisis Response.
According to the organisers, after the meeting, a national ECD coalition will be activated to coordinate efforts through 2029, leading up to global advocacy milestones such as the ECD Financing Summit in 2027.
International Alliance Group Call on Government to Ensure Schools are Safe for Students
Military
Nigerian Army neutralizes 239 terrorists, recovers weapons in Kaduna and Niger states
Nigerian Army neutralizes 239 terrorists, recovers weapons in Kaduna and Niger states
By: Zagazola MAkama
Troops of the Nigerian Army under the command of 1 Division, Sector 1 Operation FANSAN YANMA, have successfully neutralized 239 violent extremists and insurgents while recovering a significant cache of weapons and ammunition across Kaduna and Niger states, a top military officer has disclosed.
Maj Gen Abubakar Sadiq Muhammed Wase, during the operational briefing to the Chief of Army Staff, Lt Gen Waidi Shaibu, said the successes were part of sustained clearance operations, patrols, ambushes, raids, and anti-kidnapping missions aimed at denying terrorists freedom of action in the sector.
The operations, he said, led to the recovery of 185 assorted weapons and 5,860 rounds of ammunition from identified insurgent enclaves and hideouts. “Our offensive and non-kinetic operations continue to degrade terrorist capabilities and disrupt their operational networks,” Maj Gen Wase said.
He highlighted that the Division’s area of responsibility, which covers Kaduna, Kano, Jigawa, and Niger states, is characterised by rugged terrain, dense forests, and underdeveloped infrastructure, which terrorists exploit as hideouts. Despite these challenges, he said the coordinated use of mobile combat units, light mobility platforms such as motorcycles and gun trucks, and aerial surveillance have restricted insurgent movements and enhanced operational coverage.
Maj Gen Wase also noted the recovery of over 1,091 life-support items, 364 vehicles and motorcycles, and the rescue of 563 kidnapped victims since the Division assumed operational control. He attributed the success to a combination of kinetic operations, intelligence-led targeting, and inter-agency collaboration, which have strengthened the Division’s capacity to dominate its area of responsibility.
He noted that the Nigerian Army has strengthened its commitment to community development and civil-military cooperation with the completion and commissioning of a new primary school in Tudun Biri, Kaduna State.
The unveiling of the Chidambere Community Primary School was part of a broader initiative by 1 Division, Sector 1 Operation FANSAN YANMA, to complement military operations with developmental interventions aimed at winning the hearts and minds of local communities.
Maj Gen Abubakar Sadiq Muhammed Wase, who briefed the Chief of Army Staff, Lt Gen Waidi Shaibu, said the project was commissioned and handed over to the Kaduna State Government as part of the Division’s ongoing non-kinetic engagements.
He explained that the Army’s engagement in education, healthcare, and infrastructure is designed to enhance civilian confidence, reduce community vulnerability to terrorist influence, and strengthen local cooperation with security agencies. “The school will serve as a symbol of the Nigerian Army’s commitment to peace, stability, and sustainable development in conflict-affected communities,” Maj Gen Wase said.
The commissioning follows a series of non-kinetic initiatives, including medical outreaches in Tutunbiri, Amarabanjoz, and other affected communities, aimed at ameliorating humanitarian challenges created by prior security operations and air component strikes.
He noted also that as part of ongoing efforts to reduce insurgent influence and promote peace, the Nigerian Army has successfully facilitated the surrender of several terrorist groups operating in Kaduna State, Maj Gen Abubakar Sadiq Muhammed Wase has disclosed.
The surrenders were achieved through a reconciliation and engagement team constituted in collaboration with the Kaduna State Government and the Office of the National Security Adviser. Targeted localities included Chukun, Egebi, Ndiwa, and Birnin Gwari LGAs, where terrorists were encouraged to lay down arms and accept government amnesty.
Maj Gen Wase revealed that 16 notorious terrorist groups, including Dogo Gide, Yelo Jamboros, Kolo Meri, Alhajilabi, Bilia, Gwamna, and Kabiru Boderi, expressed willingness to surrender. Weapons and ammunition were recovered during the process, and 142 kidnapped victims were released without ransom, including Dr. Daniel Okuola, a medical doctor who had been abducted in 2023 from the National Eye Center, Kaduna.
The GOC emphasised that these non-kinetic engagements do not reduce the intensity of ongoing kinetic operations. Rather, they complement military efforts by isolating terrorists from vulnerable communities, gathering intelligence, and strengthening civil-military relations.
He noted that the Division’s integrated approach of reconciliation, civil engagement, and targeted operations has strengthened public confidence in the military and supported the broader aim of restoring peace and security across the sector.
Maj Gen Wase said the Division remains committed to sustaining dialogue with repentant elements while continuing offensive operations against those who reject government amnesty.
Nigerian Army neutralizes 239 terrorists, recovers weapons in Kaduna and Niger states
News
COAS tasks troops on mentorship, confidence in training, combat readiness
COAS tasks troops on mentorship, confidence in training, combat readiness
By: Zagazola Makama
The Chief of Army Staff (COAS), Lt.-Gen. Waidi Shaibu, has charged soldiers of the Nigerian Army to uphold the highest standards of professionalism by relying on their training, embracing mentorship, and demonstrating confidence during operations.
Lt.-Gen. Shaibu gave the charge while addressing troops at 1 Division during an operational visit, on Wednesday.

He emphasised that proper mentorship and leadership by example remain critical to building a combat-ready Army capable of responding decisively to national security challenges.
“You must be mentored properly to do your job,” the COAS told the troops. “Mentorship means leading by example. Listen to your officers. I have spoken to them they will lead you well so that together we can do our job properly.”
Shaibu assured the troops that the Nigerian Army Headquarters would continue to provide necessary resources, logistics and welfare support to enhance their operational efficiency.
“Note that the resources of the state will be used to provide everything that you require. That will be done,” he said.
The Army Chief urged soldiers to apply the skills acquired during basic and advanced military training, stating that competence in weapon handling and combat manoeuvres is essential for battlefield survival and mission success.
“Put the skills you have been taught to practice whenever you are deployed. Have confidence in your training. On hearing a gunshot, you should dash to the nearest cover and return fire,” he said.
According to him, a soldier must not only fire but “aim and kill” when confronted by hostile threats. He said the Army will intensify emphasis on martial principles, marksmanship, and weapon proficiency drills to enhance the fighting capability of the force.
“You have all gone through this training, and we will continue to deepen it. We are strengthening weapon handling and core combat principles to get the proper soldiers to do their job,” Shaibu added.
The visit also created an opportunity for troops to engage the COAS directly, as he opened the floor for questions and clarifications.
“If you have any questions, feel free to ask me. I am here with some of my staff,” he said, accompanied by the Chiefs of Operations, Logistics, Military Intelligence, and Personnel Management.

The COAS reiterated his commitment to strengthening operational leadership across formations, emphasising that officers must lead with courage and responsibility, while soldiers must uphold discipline and confidence in their operational duties.
COAS tasks troops on mentorship, confidence in training, combat readiness
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