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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
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12,000 Muslims, Christians get food, cash support in Adamawa
12,000 Muslims, Christians get food, cash support in Adamawa
A renowned philanthropist, Diaulhaq Abubakar, has provided food stuff and cash to no fewer than 12,000 Adamawa residents as support to Muslims and Christians during the Ramadan and Lent fasting.
Abubakar who is a Gubernatorial aspirant under the platform of All Progressives Congress, APC, 2027 and President of Blue community Africa foundation for humanitarian interventions, urged beneficiaries to understand that the items given to them is not for sale.
He said his action for the provision of the items to beneficiaries is best on God’s command of assisting the less privileged during such times.
Abubakar listed the items being distributed to include Rice, sugar, Maggi and cash incentives to the beneficiaries.
According to him, these will go along way to reduce the hardship faced by some of the beneficiaries considering the economic situation of some families.
He added that his foundation has equipped thousands of beneficiaries with life skills in the areas of agriculture, ICT, painting and education among others years back.
“These aimed at nipping poverty and shoring up productivity along critical windows of human capital development cutting across all demographic strata.
”We are not only dishing out material empowerment but we do skills training and sensitization. A lot of those we trained have acquired talents and are doing excellently well in their various callings.
” We have partnered with the Indian institute of technology Madras to see how we can engage in knowledge transfer.
We have also partnered Modibbo Adama University (MAU) so that we can leverage on the platform to provide a lot of skills when it comes to training on any vocation,” he said.
Abubakar said that in the present age of hyper-technology, a country that aspires to progress will not emphasize white collar jobs at the expense of blue collar jobs.
Malam Malam Umar Baba and Grace Amo who spoke on behalf of the beneficiaries appreciated the gesture and urged the wealthy individual to emulate the donor for more blessings in life.
They said, they were really in need of the items given to them and assured to take it for the benefit of their families.
12,000 Muslims, Christians get food, cash support in Adamawa
News
NSCDC Mourns Female Officer Who Died During Abuja Training Simulation Accident
NSCDC Mourns Female Officer Who Died During Abuja Training Simulation Accident
By: Michael Mike
The Nigeria Security and Civil Defence Corps (NSCDC) has expressed deep sorrow following the death of Assistant Superintendent of Corps Ogbodo Ene Victoria, who died after sustaining mortal wound during a tactical simulation exercise in Abuja.
The tragic incident occurred at the NSCDC National Headquarters in the Federal Capital Territory during a training exercise organised to mark the 2026 edition of World Civil Defence Day. The exercise, which focused on tactical rescue operations for kidnapped school children, was conducted by the Female Strike Force as part of preparedness demonstrations for emergency response scenarios.

According to officials, the officer was immediately rushed to the Intensive Care Unit of the University of Abuja Teaching Hospital – Gwagwalada following the accident. Despite medical intervention, she was later pronounced dead, as doctors struggled to stabilise her condition after the incident.
The Commandant General of the NSCDC, Dr. Ahmed Audi, described the death as a painful loss to the service, expressing shock over the unfortunate event. He extended condolences to the family of the deceased officer, her colleagues, and members of the corps across the country.
The Commandant General has directed a high-level delegation from the NSCDC headquarters to visit the bereaved family and convey the organisation’s sympathy and support. He also assured that the corps would provide a befitting burial for the fallen officer, in addition to ensuring that all entitled service benefits are paid to her family in accordance with public service regulations.
While urging officers and personnel to remain committed to their duties, Audi encouraged them not to be discouraged by the tragedy, describing the incident as a reminder of the risks associated with emergency and rescue operations. He called for prayers for the family of the deceased and for the continued safety of personnel across all formations of the service.
The NSCDC leadership acknowledged that the accident could have been avoided if stricter safety protocols and better coordination had been observed during the training simulation. The command therefore advised personnel to strictly adhere to operational safety standards during future exercises, particularly given the hazardous nature of security and rescue training activities.

The corps reaffirmed its commitment to strengthening workplace safety measures while continuing its mandate of protecting lives and critical national infrastructure.
The incident has sparked renewed discussions within security and emergency response circles about the importance of safety oversight during tactical training exercises, especially those involving high-risk operational simulations.
Authorities say internal investigations into the circumstances surrounding the accident will continue in order to prevent similar occurrences in the future.
NSCDC Mourns Female Officer Who Died During Abuja Training Simulation Accident
News
Nigeria Poises for AI Leadership as Education Stakeholders Push Data-Driven Reform
Nigeria Poises for AI Leadership as Education Stakeholders Push Data-Driven Reform
By: Michael Mike
Nigeria can emerge as a continental leader in artificial intelligence if it fixes the fundamentals of data governance and institutional readiness, experts declared at a major policy workshop in Abuja focused on transforming school administration through technology.
The high-level session, themed “Data and AI for School Administration: From Records to Results in Nigeria’s Education System,” was convened by the Athena Centre for Policy and Leadership in collaboration with the U.S. Embassy in Nigeria. Hosted at the NOI Polls Building, the event drew more than 200 participants physically and virtually, including policymakers, school leaders, examination officials and education administrators from across the country.

Discussions centred on how structured data systems and emerging artificial intelligence tools can improve transparency, strengthen school governance and deliver measurable learning outcomes.
Delivering the keynote address, AI strategist and Founder of Fimio, Dr. Omoju Miller, said Nigeria’s demographic advantage and global diaspora network position it uniquely in the global AI economy. However, she cautioned that adoption without domestic capacity-building would leave the country dependent rather than competitive.
“AI is inevitable,” she said, noting that the real strategic decision for Nigeria lies in whether it will simply use AI tools developed elsewhere or cultivate the expertise to design and govern its own systems responsibly.
Participants agreed that while enthusiasm for AI is growing, the deeper challenge lies in fixing persistent weaknesses in data management. Dr. Agodi Alagbe, Founder of the Centre for Teaching and Learning Academy, argued that Nigeria’s education system suffers more from fragmented and unreliable datasets than from technological deficits.
“Nigeria’s education challenge is not AI; it is data,” she said. “Reform must begin with accurate, validated and structured data that can inform policy decisions.”
She pointed to inconsistencies in enrolment records, teacher deployment statistics, infrastructure audits and learning performance metrics as obstacles that undermine effective planning and accountability.
Offering a state-level reform example, Ogun State Commissioner for Education, Science and Technology, Professor Abayomi Arigbabu, joined virtually to present his state’s transition from paper-based administration to integrated digital platforms. He outlined the deployment of Education Management Information Systems (EMIS), Student Management Systems (SMS) and Learning Management Systems (LMS) as part of broader institutional reforms.
According to him, digital transformation is achievable even in resource-constrained environments when guided by clear policy direction and disciplined implementation.
Moderating the session, Chidima Chidoka, Director of the Athena Centre, stressed that artificial intelligence amplifies existing systems — whether strong or weak. She noted that without credible data architecture and institutional safeguards, AI adoption could compound inefficiencies rather than solve them.
At the conclusion of the workshop, participants who completed assessment modules were awarded certificates, while participating institutions are expected to receive customised AI Preparedness and Data Governance Assessment Reports. The reports will identify operational gaps and recommend structured pathways for responsible AI integration.
Organisers described the workshop as part of a broader push to embed evidence-based governance in Nigeria’s education sector. Participants unanimously agreed that strengthening the country’s education data infrastructure is the indispensable first step toward building a modern, accountable and AI-ready school system.
As conversations around artificial intelligence accelerate globally, stakeholders at the Abuja gathering made one point clear: Nigeria’s opportunity will depend not on how quickly it adopts AI, but on how effectively it builds the systems to sustain it.
Nigeria Poises for AI Leadership as Education Stakeholders Push Data-Driven Reform
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