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UN Report: 2024 Could Errand Protracted Period of Low Growth

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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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DSS Set To Appeal Life Sentence On Ansaru Terror Commanders

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DSS Set To Appeal Life Sentence On Ansaru Terror Commanders

*Seeks Maximum Penalty On Behalf of Murdered Oriire Teachers

By: Michael Mike

The Department of State Services (DSS) is set to appeal Monday’s life sentence handed two top commanders of the Ansaru Terror organization by a Federal High Court, Abuja.

Justice Emeka Nwite had, shortly after Mahmud Usman, a.k.a Abu Bara’a/Abbas/Mukhtar, the self-styled Emir of Ansaru; and Abubakar Abba, a.k.a Mahmud al-Nigeri/Malam Mamuda, pleaded guilty to all the 32-count charges against them, sentence both men to life imprisonment.

However, a top official of the Service, said they considered the life sentence as too light a punishment for the crimes allegedly committed by the Ansaru commanders.
The official said the Service found it curious that, both convicts were on the verge of pleading guilty to the charges, but changed their minds shortly after some persons believed to be members of the same Ansaru organization kidnapped pupils and teachers in Oriire, Oyo State.
“For the nearly 60 days the kidnappers held on to the pupils and teachers of Oriire, the Ansaru commanders in our custody changed. One of the top conditions the abductors gave was the unconditional release of these same Ansaru commanders in exchange for the Oriire kidnap victims,” he said.
“From ‘not guilty plea,’ the two men at the penultimate court session, said they were undecided on what plea to take. Justice Nwite even had to hand them an ultimatum to make up their minds on or before Monday’s sitting. After the Oriire rescue, they came to court to plead guilty to all the charges,” he added.
According to the top official, allowing the two terror commanders walk away with life sentences would not serve the cause of justice for the two Oriire teachers beheaded by their abductors.
“The reason the terrorists beheaded the two Oriire teachers was to put pressure on government to release these two Ansaru commanders. It, therefore, wouldn’t be fair to see two men beheaded and their families are made to live with the losses without adequately bringing the culpits to book,” he declared.

DSS Set To Appeal Life Sentence On Ansaru Terror Commanders

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Farmers praise Zulum over fertiliser subsidy

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Farmers praise Zulum over fertiliser subsidy

Some farmers in Bayo Local Government Area (LGA) of Borno have commended the state government’s intervention in subsidising and distributing bags of fertiliser to support the rural farmers.

The News Agency of Nigeria (NAN) reports that Gov. Babagana Zulum of Borno had on July 8, in Kwayar Kusar, inaugurated the sale and distribution of 200 truckloads of NPK fertiliser.

The commodity, according to Zulum would be sold to farmers, across the state at a 50 per cent subsidised rate, to support farmers during the 2026 wet season farming.

The governor also distributed free agricultural inputs to 120,000 farmers to boost food production and improve livelihoods across the state.

The farmers in separate interviews with NAN in Gamadadi community of Bayo LGA on Monday, confirmed receiving the subsidised fertilisers, as their counterparts in Biu, Hawul, Kwayar Kusar and Shani LGAs.

Daudu Hudu, the head of farmers in Gamadadi Ward, said every unit in his ward had received the subsidised fertiliser, reaching over 75 per cent of their farmers in the ward.

Hudu said the commodity, came as a relief to many farmers, in view of the high cost of fertiliser and the unavailability of resources to procure the commodity.

He said that the state government’s intervention in subsidising fertilisers annually had been helpful in retaining many farmers in the vocation, stressing that the high cost of inputs was discouraging most people from farming.

According to him, with the 50 per cent off the market price of the commodity, farmers were able to buy twice as much as they would have bought with their money.

“The state government of Borno is really supporting farmers, especially when you compare with other states; this is why we are commending our Governor, Babagana Zulum.

“Without this support, many farmers would struggle to cultivate their farms and may even abandon their farms which would have affected the food security efforts of government,” he said.

On her part, Mrs Hauwa Shehu told NAN that the support has been of immense impact especially in empowering women farmers who were more affected by high cost of farming inputs.

For Hassan Bayo, a rice farmer from Gamadadi, said he would have abandoned rice cultivating this year but for the fertiliser support from the state government.

They, however, appealed to the Federal Government to reintroduce the Anchor Borrower’s Programme initiated by the previous administration of late President Muhammadu Buhari, to support farmers.

Farmers praise Zulum over fertiliser subsidy

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Digital Violence: NHRC, NBA Women Forum Mobilise Against Online Attacks on Women Lawyers

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Digital Violence: NHRC, NBA Women Forum Mobilise Against Online Attacks on Women Lawyers

By: Michael Mike

The National Human Rights Commission (NHRC) and the Nigerian Bar Association Women Forum (NBAWF) have launched a renewed institutional push to confront the growing wave of digital violence against women in the legal profession, warning that online abuse is increasingly being used to intimidate, silence and undermine women’s participation in public life.

The two organisations, at a high-level seminar in Abuja on Monday, called for greater awareness of legal remedies, improved reporting mechanisms, stronger institutional collaboration and enhanced digital security to protect women lawyers, judges, academics, law students and other women in the justice sector from technology-facilitated abuse.

The seminar, organised around the theme, “Digital Violence and Privacy: Legal Remedies for Cyberbullying, Image-Based Abuse and Online Harassment Targeting Women in Law,” brought together legal practitioners, judicial officers, human rights advocates and digital rights experts to examine the growing threats posed by the misuse of technology.

The development comes against the backdrop of the increasing use of social media and other digital platforms as tools for professional engagement, public advocacy and civic participation. However, the same platforms have also created new avenues for cyberbullying, cyberstalking, identity theft, doxxing, online intimidation, non-consensual sharing of intimate images and coordinated attacks against women.

Opening the seminar on behalf of the Executive Secretary of the NHRC, Chief Tony Ojukwu, the Commission’s Director of Legal Services, Hajiya Rabi A. Anwar, said technological advancement had transformed communication and professional practice but had also created new frontiers for human rights violations.

She said women in the legal profession were increasingly exposed to digital attacks capable of damaging their reputation, compromising their privacy and threatening their personal and professional security.

According to her, the abuses were not simply the unpleasant consequences of modern technology but serious violations of fundamental rights to dignity, privacy, equality and freedom from discrimination.

She warned that the consequences extended beyond individual victims, as persistent online harassment could intimidate women into silence and discourage them from seeking leadership positions, participating in public debates or maintaining a visible professional presence.

“Digital violence can silence women, restrict their participation in public life and undermine their professional advancement,” she said.

Anwar said the NHRC’s mandate to protect and promote human rights covered both physical and digital spaces, stressing that the emerging nature of online abuse required institutions to adapt their strategies and strengthen cooperation.

She identified the Cybercrimes (Prohibition, Prevention, etc.) Act, the Violence Against Persons (Prohibition) Act, the Nigeria Data Protection Act, 2023, and constitutional protections for fundamental rights as some of the legal instruments available to victims of digital violence.

However, she said the principal challenge was increasingly becoming the lack of awareness among victims and the public about the remedies available to them.

“Many victims do not know where to report, how to preserve digital evidence or which institution has the responsibility to intervene,” she said.

She explained that the seminar was therefore designed to move beyond theoretical discussions by providing participants with practical knowledge on litigation and other remedies, preservation of digital evidence, content takedown and de-indexing procedures, data protection complaints, cybersecurity and strategic advocacy.

She urged participants to use the knowledge acquired to protect themselves, assist victims and contribute to the development of a stronger national response to digital violence.

The NHRC further pledged to sustain its partnership with the NBA Women Forum and work towards translating the recommendations of the seminar into concrete policy initiatives and institutional action.

In her remarks, the National Chairperson of the NBA Women Forum, Mrs Agnes Fache-Omoya, described digital violence as a serious human rights and professional challenge that could affect virtually every aspect of a woman’s life.

She said the growing visibility of women lawyers online, while creating opportunities for professional engagement and public advocacy, had also exposed them to increased risks of cyberbullying, online intimidation, identity theft, image-based abuse and other forms of technology-enabled gender violence.

Omoya said the legal profession could not claim to be advancing gender equality while women lawyers were forced to choose between professional visibility and personal safety.

“No female lawyer should have to choose between professional visibility and personal security,” she said.

She reaffirmed the commitment of the NBA Women Forum to ensuring that women in the legal profession could practise and participate in public life with confidence, dignity and freedom from harassment both online and offline.

According to her, the partnership with the NHRC was particularly significant because the protection of women in the digital space required more than individual vigilance.

“It requires strong institutions, effective laws, accessible remedies and a professional community that refuses to normalise abuse,” she said.

She urged participants to promote responsible digital conduct, ethical online engagement and stronger solidarity within the legal profession.

Experts at the seminar examined the legal and institutional responses available to victims of cyberbullying, online harassment, image-based abuse and privacy violations. Discussions also focused on cybersecurity, responsible digital citizenship, evidence preservation and the need for victims to report abuses rather than suffer in silence.

The event ended with calls for sustained public education, improved institutional response mechanisms and more effective enforcement of existing laws.

Participants stressed that as Nigeria’s legal profession and public institutions continue to embrace digital technology, the protection of women online must become an integral part of the country’s broader human rights, gender equality and justice agenda.

The consensus was that digital spaces must not become new arenas for discrimination and intimidation, but platforms where women can participate freely, safely and equally in professional and public life.

Digital Violence: NHRC, NBA Women Forum Mobilise Against Online Attacks on Women Lawyers

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