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
UMTH: 40-Room Lodge for the Comfort of Patients’ Relations and Visitors
UMTH: 40-Room Lodge for the Comfort of Patients’ Relations and Visitors
By: Balami Lazarus
Writing on the progress of developments and innovations at the University of Maiduguri Teaching Hospital (UMTH), you begin to wonder what literary genre you are going to use to write the literature of this great hospital. Well, for NEWSng, prose is the best genre to place UMTH. Why? Because there are so many angles one can take up the story of this hospital under the progressive leadership of Prof. Ahmed Ahidjo, the Chief Medical Director (CMD).

The rhythm of innovations in terms of making the hospital a serene and comfortable environment for medical and health care, where medical treatments are administered to patients, taking into consideration the comfort of patients’ relations and visitors to the hospital, and the need for affordable accommodation is paramount.
Therefore, the rhythm is rhyming with the ongoing construction of a 40-room lodge sponsored by the Borno State Government under the administration of His Excellency Babagana Zulum. NEWSng was also informed that such a project/innovation is not common in most hospitals.

Similarly, there are other facilities like orchards, restaurants, and gardens with water fountains for the relaxation and comfort of recuperating patients or their relations, including visitors and students alike. There is also a large conference hall with over 350 seats open for both internal and public use to generate more revenue for the hospital.
Hospitals are generally seen as places meant for medical/healthcare services for patients only. But the case of University of Maiduguri Teaching Hospital (UMTH) is a shift from hospital tradition—a different ball game.
Notwithstanding, its primary objectives are priorities: to provide medical and health care services, teaching, and research for the betterment of our health sector.

“Comprehensive medical health cover” is a term/language used and associated with the insurance industry. Where you are totally covered and insured health-wise.
Today UMTH has covered you comprehensively, bringing the comforts of homes near patients who are seeking medical treatments, care, and attention to make them feel comfortable as a way to get healed. For this reason, Prof. Ahidjo has worked out sponsorship for providing the hospital with 40 rooms in the Hospital Lodge within the premises of the facility meant for patients’ relations and visitors. The rooms are all en suite and shall be equipped with modern facilities for the comforts of the patient’s relations who might have come from far or near, as the case may be.

You may wish to agree with NEWSng that UMTH is a pacesetter among her peers in terms of modern hospital equipment, materials, progress, growth, and developments.
UMTH: 40-Room Lodge for the Comfort of Patients’ Relations and Visitors
lo
News
FCE Gombe gets new Registrar
FCE Gombe gets new Registrar
The Governing Council of the Federal College of Education (Technical), Gombe, has approved the appointment of Mallam Haruna Ayuba, the most senior Deputy Registrar, as Acting Registrar of the College.
Ayuba’s appointment which is to ensure continuity in the administration of the College, followed the dismissal of four senior officers of the institution.
Mr Dahiru Gurama, the Acting Director, Public Relations and Protocol at the College disclosed this in a press statement issued in Gombe on Tuesday.
Gurama said that the Council approved the dismissal of the four senior officers of the institution based on gross misconduct.
Our Correspondent reports that those dismissed are the Registrar, Alhaji Umar Bello; the College Librarian, Yusuf Aliyu; the Director of Works and Services, Mr. Muhammad Malam.
An internal member of the Governing Council representing the Non-Teaching Staff Congregation, Ibrahim Shehu completes the number.
He said that the decision was taken at the 7th meeting of the Governing Council held on 31st January, 2026, at the headquarters of the National Commission for Colleges of Education (NCCE), Abuja.
“The dismissals followed earlier suspensions and were based on the findings and recommendations of a fact-finding committee.
“The Committee was set up by the Federal Ministry of Education, as well as the Governing Council’s Investigative committee, which indicted the officers on various counts of gross misconduct.”
News
ECOWAS, Senegal and UNHCR Launch Joint Humanitarian Initiative to Support Refugees
ECOWAS, Senegal and UNHCR Launch Joint Humanitarian Initiative to Support Refugees
By: Michael Mike
The Economic Community of West African States (ECOWAS), in collaboration with the Government of Senegal and the United Nations High Commissioner for Refugees (UNHCR), has officially launched a cooperation and humanitarian assistance initiative aimed at improving protection, livelihoods and social inclusion for refugees, asylum seekers and displaced persons in Senegal.
The launch ceremony, held in Dakar, brought together senior Senegalese government officials, ECOWAS commissioners, UNHCR representatives, development partners and leaders of refugee communities. The initiative marks a major implementation milestone of a project conceived in 2023, at a time when global humanitarian funding is declining and refugee assistance worldwide is under severe strain.

Delivering remarks on behalf of the ECOWAS Commission, officials described the programme as a demonstration of regional solidarity and a reaffirmation of ECOWAS’ commitment to human dignity. They noted that West Africa continues to face complex challenges including conflict, climate change, disasters and economic instability, all of which contribute to forced displacement and increased pressure on host communities.
The ECOWAS-supported intervention, valued at over 500,000 dollars, is designed to provide life-saving assistance while promoting sustainable livelihoods, social cohesion and peaceful coexistence between displaced populations and host communities. According to ECOWAS, the initiative goes beyond emergency relief by investing in long-term stability, national security and development.
Speaking on behalf of refugees and asylum seekers, the Chair of the Committee of Representatives of Refugees in Senegal, Mr. Lambert Koliti, welcomed the agreement as a vital source of hope for displaced families. He said the programme will expand access to education, vocational training, healthcare and social support, enabling refugees to rebuild their lives with dignity and contribute positively to their host communities.

Refugee leaders appealed to ECOWAS to support initiatives led by refugees and to integrate displaced persons into regional training, employment and entrepreneurship programmes. They also called on the Senegalese government to strengthen measures that promote durable solutions, including access to livelihoods and essential services.
In a statement delivered on behalf of UNHCR, the agency commended ECOWAS and Senegal for the strength of the tripartite partnership, describing it as a practical example of responsibility sharing in line with the Global Compact on Refugees. UNHCR emphasized that responses to forced displacement require collective, coordinated and predictable action rather than isolated national efforts.
Senegal was praised for its commitment to refugee protection, including recent legislative reforms that modernize the national asylum system and improve access to rights for refugees and stateless persons. Officials noted that these reforms contribute to broader ECOWAS efforts toward harmonized asylum governance across the region.
Despite ongoing institutional restructuring and funding constraints within the humanitarian sector, speakers expressed confidence that the cooperation framework would help pool resources, strengthen national capacities and deliver targeted support to the most vulnerable populations.
The launch concluded with renewed calls for sustained collaboration among ECOWAS, Senegal, UNHCR, development partners and refugee communities to ensure that no one is left behind, while promoting peace, resilience and regional solidarity across West Africa.
ECOWAS, Senegal and UNHCR Launch Joint Humanitarian Initiative to Support Refugees
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News10 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
ACADEMICS2 years agoA History of Biu” (2015) and The Lingering Bura-Pabir Question (1)
-
Columns2 years agoArmy University Biu: There is certain interest, but certainly not from Borno.
-
Opinions2 years agoTinubu,Shettima: The epidemic of economic, insecurity in Nigeria
