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
Doma United secure NPFL promotion with win over Mighty Jets
Doma United secure NPFL promotion with win over Mighty Jets
Doma United Football Club of Gombe State have secured promotion to the Nigeria Premier Football League (NPFL) following a 2-0 victory over Mighty Jets of Jos at the Pantami Stadium on Wednesday.
The News Agency of Nigeria (NAN) reports that Doma United, who top Conference C of the Nigeria National League (NNL) with 26 points from 13 matches, are the first team to seal promotion to the NPFL.
The club, relegated from the NPFL in the 2023/2024 season, are five points clear of second-placed FC Basira in Conference C, with one match remaining.
NAN reports that the 2025/2026 NNL season is organised into four conferences (A, B, C and D), with the top team in each conference earning automatic promotion to the NPFL, replacing the previous Super 8 play-off format.
Confirming the development, Doma United Technical Adviser, Najib Mabu, told NAN in Gombe on Thursday that the team had secured promotion with a game in hand.
Mabu described the journey as smooth but challenging, noting that the return to the top flight means a lot to the club and sports stakeholders in the state.
“This is huge and we are very happy that we are back.
“We will start welcoming top clubs to Gombe State again.
“I want to commend the Chief Executive Officer of Doma United, Alhaji Suleiman Umar, for his consistent support and commitment to the club.
“I also thank our players and fans for their resilience and dedication, which have paid off,” he said.
Mabu added that the club’s ambition in the NPFL goes beyond participation, expressing confidence in competing for honours and securing a continental ticket.
“We are not just going to participate in the NPFL; we will compete for every available title.
“I am confident we can secure a continental ticket,” he said.
NAN reports that Doma United will be making their second appearance in the NPFL, after recording eight wins, two draws and three losses in the current NNL campaign.
Doma United secure NPFL promotion with win over Mighty Jets
News
Lions, United Nations Strengthen Partnership to Advance Sustainable Development and Community Service in Nigeria
Lions, United Nations Strengthen Partnership to Advance Sustainable Development and Community Service in Nigeria
By: Michael Mike
The enduring partnership between the United Nations and Lions Clubs International took centre stage in Abuja on Thursday as stakeholders gathered to celebrate Lions Day with the United Nations, reaffirming their shared commitment to advancing humanitarian service, sustainable development, and peace.
The event, held at the United Nations House, brought together Lion leaders, development partners, civil society actors, and representatives of UN agencies to reflect on decades of collaboration and explore ways to deepen partnerships in addressing global and local challenges.
Speaking at the gathering, the Multiple Council Chairperson of Lions in Nigeria, Lion (Dr.) Ibrahim Jide Bello, described the celebration as a powerful symbol of the long-standing relationship between the UN and the global service organisation.
According to him, the partnership dates back to 1945 when Lions leaders contributed to discussions around the formation of the United Nations and the framework for civil society engagement.
He noted that for more than a century, Lions worldwide have remained committed to humanitarian service guided by their motto, “We Serve,” with volunteers supporting initiatives in health, education, food security, environmental protection, disaster response, and youth development.
Bello said community-based organisations such as Lions play a vital role in translating global development commitments into tangible results at the grassroots.
“While the United Nations provides global leadership and frameworks for action, Lions translate those ideals into practical impact within communities where change truly begins,” he said.
He added that collaboration between institutions, civil society, and volunteers remains essential in tackling pressing challenges such as poverty, hunger, health inequalities, and climate change.
Also speaking, the Resident and Humanitarian Coordinator (a.i.) of the United Nations in Nigeria, Ms. Elsie Attafuah, described Lions Day with the United Nations as one of the most enduring examples of cooperation between civil society and the global multilateral body.
Attafuah, representing by the Representative of UN Women to Nigeria and the Economic Community of West African States, Beatrice Eyong, noted that Lions Clubs International has maintained consultative status with the United Nations Economic and Social Council since 1947, enabling the organisation to contribute community perspectives to global policy discussions.
Attafuah said the partnership between Lions and the United Nations reflects a shared mission to promote peace, expand educational opportunities, reduce poverty, strengthen health systems, and support vulnerable communities across the world.
She highlighted that Lions have worked closely with UN agencies including UNICEF, World Health Organization, and UNESCO in implementing humanitarian and development programmes.
According to her, the collaboration remains increasingly important at a time when the world faces complex challenges ranging from climate change and migration to public health crises and rising insecurity.
Attafuah stressed that achieving the Sustainable Development Goals by 2030 is still possible if governments, civil society organisations, and volunteers intensify cooperation and focus on key development priorities.
She explained that the United Nations has identified six major transition pathways to accelerate progress on the goals, including improvements in education, digital connectivity, food systems, energy access and affordability, job creation and social protection, as well as climate and environmental action.
The UN official also emphasised the central role of gender equality, noting that empowering women and ensuring their participation in leadership and decision-making remain critical to achieving sustainable development and building peaceful societies.
“Peace, development, and human rights cannot be fully realised without women leading and shaping solutions,” she said.
Both speakers called for stronger partnerships between international institutions and grassroots organisations, stressing that volunteer-driven initiatives can complement global frameworks and policies by delivering practical solutions in communities.
Participants at the event also highlighted the potential of countries in the Global South, including Nigeria, to drive innovation and locally driven solutions in addressing development challenges.
They noted that volunteers, community leaders, and civil society groups remain key actors in mobilising citizens, promoting social responsibility, and supporting development initiatives that directly improve lives.
The annual Lions Day with the United Nations celebration provides a platform for dialogue, collaboration, and renewed commitment to humanitarian service, while recognising the critical role of civil society organisations in supporting global development efforts.
Speakers at the event urged individuals and organisations to continue promoting compassion, service, and collective action, stressing that meaningful change often begins with small but deliberate steps taken within communities.
Meanwhile, the keynote speaker at the event, Dr. Hussaini Abdu said women must move from the margins to the centre of peacebuilding and security governance in Nigeria if the country hopes to achieve lasting stability.
He insisted that: “Empowering women to lead in peace and security processes is not only a matter of fairness but a strategic necessity for sustainable peace.”
Abdu who was former Country Director of ActionAid Nigeria and Plan International, reflecting on Nigeria’s prolonged security challenges, noted that communities across the country have endured insurgency, banditry, and communal conflicts for decades, lamenting that: “These crises have pushed many communities deeper into vulnerability and strained the resilience of institutions,” but: “Yet within these fragile contexts, women have remained central to sustaining communities and building peace.”
He highlighted that everyday the roles played by women in stabilising communities affected by conflict are often overlooked, stating that: “Across different regions, women have mediated disputes, sustained families under extreme conditions, organised grassroots humanitarian responses, and rebuilt trust within fractured communities.”
He stressed that despite their contributions, women remain underrepresented in formal peace and security structures. “Women are invited to the table, but they are rarely placed in positions where they can shape decisions,” she said, adding that meaningful peace requires women to participate not just symbolically but with real influence.
He pointed to structural barriers that continue to limit women’s participation in leadership and governance. “Women are not absent because they lack competence,” she said. “They are excluded because the system was not designed to include them.”
Calling for deeper reforms, he urged stakeholders to rethink power structures in governance and security institutions. “If we are serious about peace, we must be serious about power,” adding that: “A safer Nigeria cannot be built on exclusion or symbolic representation. It must be built on justice, inclusive leadership, and shared responsibility.”
Lions, United Nations Strengthen Partnership to Advance Sustainable Development and Community Service in Nigeria
News
Court orders arrest of Tanimu Turaki For Giving False Information To Police …fixes April 22 for arraignment
Court orders arrest of Tanimu Turaki For Giving False Information To Police …fixes April 22 for arraignment
By: Michael Mike
A High Court of the Federal Capital Territory (FCT) sitting in Maitama has issued a bench warrant for the arrest of the self-appointed factional National Chairman of the Peoples Democratic Party (PDP), Senator Kabiru Tanimu Turaki, (SAN).
Justice Peter Kekemeke issued the arrest warrant on Thursday after Turaki failed to attend court for the purpose of his being arraigned on a one count criminal charge brought against him by the Inspector General of Police (IGP) in which he is accused of, among others, giving false information to the police.
When the case was called on Thursday, lawyer to the prosecution, Usman Rabiu said the business of the court for the day was for Turaki to enter his plea to the charge.
The count in the charge, marked: CR/647/2026 reads:
That you Kabiru Tanimu Turaki, (SAN), male, No: 37 T. Y. Danjuma Street, Asokoro, Abuja on or about 5th October, 2022 at Abuja within the jurisdiction of this honourable court you gave false information to the Inspector-General of Police via petition dated 5th October, 2022 and signed by you on your letter head paper against one Saidi Mohammed Mainasara with intent to use the lawful power of Inspector-General of Police to the injury or annoyance of the said Muhammed Mainasara and you thereby committed an offence punishable under Section 140 of the Penal Code Law.
Turaki’s lawyer, Rabiu noted that the defendant was absent in court despite being served with the charge and also served with a hearing notice by the court, informing him about the day’s proceedings.
The lawyer to the prosecution then invoked the provision of Section 396(2) of the Administration of Criminal Justice Act (ACJA), 2015 to urge the court to issue an arrest warrant for the defendant to be produced before the court for the purpose of his arraignment.
Rabiu faulted the reference by the defence lawyer, Abdulaziz Ibrahim (SAN) to a motion he filed for the defendant, seeking that the charge be quashed.
He argued that the defence could only challenge the validity of the charge only after the plea of the defendant has been taken.
Ibrahim argued otherwise and urged the court to give him five more days to file written addresses to convince the court that the defendant’s presence was not required until the motion was determined.
Ruling, Justice Kekemeke held that despite being aware of the day’s proceedings having been served with hearing notice and the charge, it was wrong for Turaki to fail to attend court without providing any reason.
The judge noted that the defence lawyer did not deny that his client was served with hearing notice of Thursday’s proceedings, but failed to provide any reason why the defendant was not in court.
Justice Kekemeke held that by the provision of Section 396(2) ACJA 2015 where a defendant, who is aware that a charge is pending against him in court but chose to stay away, the proper order to be made is for bench warrant to ensure the production of the defendant to answer to the charge.
The judge held that the motion filed by the defendant seeking the quashing of the charge was not ripe for hearing, adding that such a motion could only be heard after the defendant’s plea had been taken.
He proceeded to issue a bench warrant for Turaki’s arrest to compel the defendant to attend court to answer to the pending charge and adjourned till April 22 for his arraignment.
Court orders arrest of Tanimu Turaki For Giving False Information To Police …fixes April 22 for arraignment
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