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
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
By: Michael Mike
The National Drug Law Enforcement Agency (NDLEA) has arrested a previously convicted drug trafficker and three accomplices after intercepting a consignment of cocaine concealed in sealed sachets of liquid starch meant for export to the United Kingdom through the Murtala Muhammed International Airport (MMIA), Lagos.
According to a statement on Sunday by the spokesman of the anti-narcotics agency, Femi Babafemi operatives of the agency uncovered 75 wraps of cocaine weighing 1.5 kilogrammes at the airport’s export shed.

He disclosed that three freight agents — Jubrin Hassana, Kuku Oluwasegun and Igwe Jane — were arrested on Saturday, December 20, 2025, while processing the illicit cargo.
He noted that further investigation identified 37-year-old Nwobodo Chidiebere as the coordinator of the shipment, stating that he was arrested the following day at a relaxation centre in Ikeja.
Babafemi said NDLEA records showed that Nwobodo was convicted in 2023 for trafficking 30.1 kilogrammes of methamphetamine concealed in powdered custard containers and destined for the UK.
He was then sentenced to five years’ imprisonment with an option of a ₦7 million fine, which he paid before resuming drug trafficking activities.
In separate operations across the country, NDLEA operatives recorded major seizures of cannabis and other illicit substances. In Ekiti State, officers dismantled cannabis warehouses in the Ara forest and recovered 638 kilogrammes of skunk. In Edo State, 1,205 blocks of compressed cannabis sativa weighing 883.1 kilogrammes were intercepted from three vehicles along the Igara–Auchi road.
In Cross River State, raids in Yakurr Local Government Area led to the arrest of three suspects with a combined seizure of more than 900 kilogrammes of skunk. Another suspect, a woman, was arrested along the Abaji–Abuja expressway with 38 kilogrammes of the substance while travelling from Edo State.
In Lagos State, multiple arrests were recorded, including the seizure of over 60 kilogrammes of skunk from two suspects in the Badagry and Agbara areas. In Taraba State, two men were apprehended in Takum with 48 kilogrammes of cannabis, while in Gombe State, a 65-year-old driver was arrested along the Gombe–Biu highway with large quantities of tramadol, pentazocine injections and other opioids destined for Borno State.

Babafemi also confirmed the arrest of a 47-year-old businessman, Ignatius Egbochie, alias “Brown,” who was wanted in connection with the seizure of 26 kilogrammes of “Loud,” a potent strain of cannabis, earlier intercepted at the Tincan Seaport in Lagos.
NDLEA continued its War Against Drug Abuse (WADA) sensitisation campaigns nationwide, engaging students, teachers, worshippers and community members in states including Anambra, Katsina and Kogi.
Meanwhile, the NDLEA Chairman and Chief Executive Officer, Brigadier General Buba Marwa (Rtd), while commending the officers involved in the operations,, praised their commitment and urged personnel across all commands to remain vigilant and uphold professionalism during the festive season and beyond.
NDLEA Nabs Ex-Convict, Three Others Over Cocaine Hidden in Liquid Starch Bound for UK
News
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
By: Joseph SHALANGWA
I have been an ardent follower and reader of works published by NEWSng for quite some time, where some works on Bura-Pabir were published, but one interesting piece that came to the fore was “The Lingering Bura-Pabir Question (1&2),” published in 2024, which is somehow related to this article.
Therefore, this work is not to mock or disregard the Pabir as people who are ghastly lost in the mist of ethnic and cultural identity. The work is a historical enlightenment to the people of Nigeria who have routed the Bura and the Pabir as the same people, but historically no, and never are they the same. For political reasons, yes. Just like the Hausa-Fulani coinage.
I want readers to know from this day forward that there is no tribe or ethnic group independently called Babur. We have the Pabir, who are unable to stand as a tribe with distinct culture and traditions.
I am not a historian by any standard, but history and its source materials are of interest to me. I had listened to historical conversations and stories pertaining to my people—the Bura—ever since I was a boy. This has given me some knowledge and understanding of my people’s history, culture, traditions, and civilizations.
As certified technologists, one of our ways of diagnosing troubleshooting is to unscrew and screw in an attempt to mechanically solve the ailment. This is what I am briefly going to do in this work.
I have read so many works on the history of Biu people.
However, some of the writings did not dwell much on the original inhabitants of the Biu Plateau, the Bura, but rather hid in historical conspiracy theory portraying the Pabir as the true inhabitants of the Biu territory. It is not true but misleading and questionable because they left out the Aborigines, the Bura people, who are a tribe and an ethnic nation with history and cultural identity.
At this juncture, questions that will readily come to mind are: Who are the Pabir people? What are their clan names? There has been an identity crisis about the Pabir, who are today known as Babur, lost totally in ethnic and cultural fog.
My findings did not give me any historical validity that the Pabir are the original inhabitants of Biu (Viu) territory; rather, it said that a band of seventy (70) men from the Kanem empire came some hundreds of years ago. “The Bura people are the native inhabitants of the Biu Plateau with unique culture and traditions, clear clan names rooted in their history and civilizations…Musical instruments, dances, foods…” Long before the leader of the 70 men, Yamtra Wala, came onto the scene, he was called and addressed wrongly as YAMTA OLA in the Bura dialect.
Clan names like Bwayama, Dlakwa, Wudiri, Mibwala, Mhya, and Garnva, among many others, are of Bura people. This further drew the ancestral and cultural identity between the Bura and Pabir people. Funny enough, theirs are Mshelganga, Gurdum, Mazalapuwa, Kiribara, Mshelgwagwa, etc. While in the history of the Bura, there are no such clan names. In fact, these names are derived from the Bura local dialect, signifying some of their works and duties in the king’s palace. You may wish to agree with me that Pabir are a group of people who have nosedived and lost their cultural identity.
It baffles me when I see a Pabir man calling himself or herself Babur. Thus, it has further deepened their loss, which has created a historical inferiority complex in them.
This work should serve as a call to all the Babur (Pabir) to come to reality, to break the complexities of their origin, and to accept who they are historically, and to take responsibility as Pabir people, not Babur.
I am also calling on all Bura sons and daughters to continue to stand firm and proudly call and be addressed as Bura worldwide.
Joseph Shalangwa
Writes from Kaduna.
The Pabir of Biu (Viu): People Lost in Ethnic and Cultural Mist
News
VP’s Wife Consoles Maiduguri Bomb Blast Victims
VP’s Wife Consoles Maiduguri Bomb Blast Victims
Calls for united front against insurgency.
By: Our Reporter
Wife of the Vice President Federal Republic of Nigeria Mrs Nana Shettima has stressed the need for all hands to be on desk to put an end to the more than a decade insurgency in the north east .
She made the appeal while speaking to journalists in Maiduguri shortly after she visited victims of gmboru market Mosque bomb blast in the Borno State capital.
In an emotional interview, Mrs Nana Shettima, wife of the Vice‑President, speaking on behalf of First Lady Oluremi Tinubu,described barbaric suicide bomb attack that struck the Gamboru market mosque after Maghrib prayer on Wednesday as unfortunate.
She prayed for the dead, called for unity, and vowed the support of the First Lady’s office for affected families.
Mrs Nana Shettima said she was in Maiduguri to offer condolences and relief to victims and families.
She visited the homes of the bereaved in Mashamari, Ummarari Millionaire’s Quarters and Gamboru Ward, where she prayed for the deceased, asked Allah to grant them eternal rest, and sought strength for families bearing these irreparable losses.
To cushion immediate hardship, Mrs Shettima presented financial support to affected families seven widows each received ₦1,000,000 (total ₦7,000,000).
She also visited the Maiduguri State Specialist Hospital and the University of Maiduguri Teaching Hospital (UMTH), where she was shown around by Dr. Baba Shehu, Medical Director of the State Specialist Hospital, and received by Professor B. Kagu, Chairman of the Medical Advisory Council at UMTH, and Dr. Bunu Bukar.
After going round the patients beds at both hospitals Mrs Nana Shettima gave ₦500,000 to each of the 14 patients still on admission, offered words of consolation, and prayed for their speedy recovery.
The wife of the vice president reiterated her appeal for communal calm and solidarity in the face of tragedy.
The visit signals the First Lady’s office’s commitment to immediate humanitarian relief and moral support for affected families.
The visit underlines the first lady’s office commitment to spiritual consolation with practical assistance, targeting both households that lost breadwinners and those receiving medical care.
Mrs Nana Shettima confirmed she was in Maiduguri expressly on behalf of the first lady of the nation to sympathise with the victims.
Those who accompanied her includes the wife of the Borno State Governor Dr Falmata Babagana Umara Zullum,wife of the Deputy Governor Hajiya Maimuna Umar Kadafur, and the Borno State Apc women leader Hajiya Fati Alkali Kakinna among other top female government officials.
VP’s Wife Consoles Maiduguri Bomb Blast Victims
-
News2 years agoRoger Federer’s Shock as DNA Results Reveal Myla and Charlene Are Not His Biological Children
-
Opinions4 years agoTHE PLIGHT OF FARIDA
-
News8 months agoFAILED COUP IN BURKINA FASO: HOW TRAORÉ NARROWLY ESCAPED ASSASSINATION PLOT AMID FOREIGN INTERFERENCE CLAIMS
-
Opinions4 years agoPOLICE CHARGE ROOMS, A MINTING PRESS
-
News2 years agoEYN: Rev. Billi, Distortion of History, and The Living Tamarind Tree
-
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
