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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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The exceptional brilliance of Coach Yusuf Alabi at Gombe United

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The exceptional brilliance of Coach Yusuf Alabi at Gombe United

By Barry Kalla

Gombe United’s relegation to the Nationwide League One (NLO) is one that is widely being perceived as a difficult pill to swallow and a rude shock to all football lovers in the state who would have wished it was a bad dream that they should hastily awake from, especially in view of the pedigree of the club and its role in putting smiles on the faces of millions of passionate fans week in, week out.

To them, it is one prophesy they wished was never fulfilled as many football analysts in the state had earlier raised the alarm regarding the manner the club was being managed and handled administratively but the warning was ignored and today, Gombe United has now achieved the opposite of the mandate set for it by the state which is Nigeria Premier Football League (NPFL) ticket.

In the midst of all these, we must never forget the sacrifices that were made in spite of the club’s relegation. One of those sheer sacrifices is that of Coach Yusuf Salihu Alabi whose unmatchable commitment, diligence and true brilliance added value to Gombe United. Coach Alabi, as the Technical Adviser of the club invested a lot of technical know-how which could have paid off if he had enough time. The repairs and technical reforms gave Gombe United the pride of not getting relegated long before now.

Though the mandate of the club wasn’t met, but we must not fail to lavish our commendation where it is most needed and to Alabi, he deserves all the commendations in view of the state he met Gombe United and the impact he made within the short time available.

One of the beauties of life is that it maintains a balance, where every negative situation contains a hidden positive spark and without mincing words, Yusuf Alabi is that spark that must be celebrated for his exceptional efforts in building and rekindling hope at a time that the club was battling the worst performance in recent history.

Somehow, Alabi’s prowess came in good in terms of character building, professionalism, team unity, and rejigging the structural make-up of the team that produced some impressive results that repositioned the team and gave hope to numerous fans of Gombe United.

A quick look at the results, showed that on February 14, 2026 Jigawa Golden Stars defeated Gombe United 2-1; interestingly, though a defeat but it was the first time, Gombe United scored an away goal in months, prior to this match which was Alabi’s first on the job. The away goal was the hope the fans waited for in a long time. The next match was even a better outing as United beat visiting Bichi 2-1, before going to Kebbi to pick a point on the road with a goalless draw.

The other matches were a 1-1 draw with Yobe; 2-0 defeat away to Adamawa United and a 2-0 win at home against Ranchers on April 22, 2026. Analysis of the result under Alabi’s watch showed a departure from the norm of frequent points losses both at home and away.

Alabi further proved that his Confederation of African Football (CAF) B License is not a mistake by winning the state F.A Cup for Gombe United and adding more value to the history of the club.

A glance at Alabi’s coaching and sports certification showed that he obtained his Basic Certificate in football coaching in 2008; Modern Trend in Football Coaching 2009; Youth Football Coaching and Admin 2011; BFUT Level 4 Coaching License (FIFA Endorsed) 2012.
Others include CAF “C” License 2014; CAF “B” License 2017; Pro Football Management Master Class (PFMMC) 2020; Coach the Coaches Refresher Course (Ghana) 2021; IOC Sports Administrator Course 2023; CAF License Coach Educator 2025 and IOC Sports Manager Course 2025.

With such rich CV, he has worked with over 22 clubs across the country before joining Gombe United. Indeed his wealth of experience has helped fortified Gombe United but for time and other administrative ills, Alabi would have restored the glory of Gombe United.

This write-up is to show appreciation to Coach Yusuf Alabi regardless of the circumstances.
We are proud of what he has done and in spite of the relegation his professionalism is not in doubt because he has proven that he can be trusted with any team even in NPFL to deliver the goods.

The exceptional brilliance of Coach Yusuf Alabi at Gombe United

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Gombe partners media to boost polio, HPV vaccine uptake

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Gombe partners media to boost polio, HPV vaccine uptake

The Gombe State Government has engaged media professionals and stakeholders to strengthen awareness on polio immunisation and boost vaccine uptake ahead of upcoming campaigns across communities in the state.

The engagement, on Thursday in Gombe, is part of preparations for the May round of Intensive Supplemental National Immunisation Plus Days (SNIPDs) campaign targeting improved coverage and community participation statewide.

The News Agency of Nigeria (NAN) reports that the session with journalists and social media influencers was organised by the Gombe State Primary Health Care Development Agency (GSPHCDA) to enhance public communication strategies.

The agency partnered with the National Primary Health Care Development Agency, World Health Organization, and United Nations Children’s Fund (UNICEF) to coordinate efforts aimed at increasing awareness and acceptance of vaccines among residents.

The May campaign will focus mainly on polio vaccination and the Human Papilloma Virus vaccine, targeting children and young girls to prevent disease outbreaks and long-term health complications.

Mr Abubakar Mu’azu, District Health Information Officer, (GSPHCDA), highlighted the importance of awareness, urging media stakeholders to encourage caregivers to present eligible children for vaccination during the campaign period.

Mu’azu disclosed that more than 963,000 children were vaccinated against polio during the March 2026 round but noted a decline compared to previous exercises conducted within the state.

He said more than one million children were vaccinated in June 2025, while 968,710 received doses in November, stressing the need to reverse the downward trend through intensified advocacy.

He explained that engaging the media was a strategic step to improve public trust, counter misinformation, and drive increased participation in both routine immunisation and mass vaccination campaigns statewide.

Mr John Markez, Social and Behavioural Change Consultant with UNICEF, emphasised the importance of promoting polio and HPV vaccines in preventing disease outbreaks and reducing long-term health risks among populations.

“Not all cervical cancer issues are HPV related but about 70 per cent of them are associated with HPV.

“Capturing these girls at the age of nine provides long-lasting protection,” he said.

He added that mass vaccination campaigns and routine immunisation services had significantly reduced polio risks in Nigeria compared to levels recorded about 15 to 20 years ago nationwide.

Emily Madina, Consultant with the Christian Health Association of Nigeria, reiterated the critical role of the media in driving awareness, influencing behaviour, and improving vaccine acceptance in underserved communities.

Gombe partners media to boost polio, HPV vaccine uptake

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Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

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Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

By Yu Dunhai,
 
On May 1 this year, China will fully implement zero-tariff measures for 53 African countries that have diplomatic relations with China. This represents a concrete step by China to expand high-level opening up and deepen China–Africa cooperation. As the policy enters its implementation phase, China–Nigeria cooperation is also reaching a critical juncture, transitioning from an “opportunity window” to the delivery of tangible outcomes.
 
This measure is characterized by comprehensive coverage. Previously, China had already granted zero-tariff treatment on 100 percent of tariff lines to 33 least developed African countries. Starting May 1, China will further extend zero-tariff arrangements, through preferential tariff rates, to 20 non-least developed African countries, including Nigeria, thereby achieving full coverage of all African countries with diplomatic relations with China. As a result, China has become the first major economy in the world to unilaterally implement comprehensive zero-tariff treatment for all such countries, demonstrating through concrete actions its commitment to providing market opportunities to African partners.
 
Zero tariffs measures directly reduce the cost of Nigerian products entering the Chinese market. From sesame, ginger, and cashews to cocoa and other specialty agricultural products, as long as they meet rules of origin as well as inspection and quarantine requirements, they can access the Chinese market more smoothly. This “channel effect” helps translate potential demand into stable orders and convert market opportunities into tangible benefits.
 
Beyond enabling products to be “sold,” this measure will also help them be “sold better.” The removal of tariffs will both encourage and incentivize enterprises to improve quality standards, optimize product structures, and strengthen brand development, thereby supporting sustainable growth in China’s high-standard market. As export volumes expand and quality improves, the international reputation of “Made in Nigeria” will be further enhanced.
 
From a broader perspective, the measure will promote localized value addition, inject new momentum into Nigeria’s industrialization and agricultural modernization, create employment opportunities, and improve livelihoods. Clear and stable expectations for exports to China will attract increased domestic and foreign investment into sectors such as agriculture, food processing, mineral processing, and manufacturing. Value addition through local processing prior to export will help extend industrial chains and stimulate the development of supporting industries, including R&D, quality inspection, packaging, warehousing, and logistics. In this way, Nigeria will be better positioned to transition from primary commodity exports to more diversified, higher value-added exports, enhancing the resilience and dynamism of its economy.
 
Whether the benefits of zero-tariff measures can be fully realized ultimately depends on effective implementation. African producers and exporters, including those in Nigeria, are encouraged to proactively align with Chinese market requirements in terms of product quality, supply reliability, and brand promotion. China will work closely with Nigeria and other African countries to create an even more enabling environment for expanding exports to China. This includes providing technical support through capacity-building programs, enhancing trade facilitation through “green channels” for agricultural products, and welcoming Nigerian enterprises to actively participate in major platforms such as the China International Import Expo, the Canton Fair, and the China–Africa Economic and Trade Expo to connect with buyers and promote their products. We also look forward to close coordination with relevant Nigerian authorities to ensure that products meet applicable origin rules, inspection and quarantine standards, and other regulatory requirements.
 
The zero-tariff arrangement is an innovative, phased, and pioneering measure in the ongoing negotiations on the Agreement on Economic Partnership for Shared Development between China and African countries. This agreement will more comprehensively reduce both tariff and non-tariff barriers, enhance trade and investment facilitation, and deepen cooperation across a range of development areas, thereby providing long-term, stable, and predictable institutional support for mutually beneficial cooperation between China and Nigeria.
 
Against the backdrop of persistent geopolitical tensions, global economic headwinds, and rising unilateralism and protectionism, China’s commitment to expanding opening up, while focusing on Africa’s development priorities and sharing the opportunities of its vast market and modernization, demonstrates both responsibility and strategic foresight. China stands ready to work with Nigeria to ensure that zero-tariff measures take root and deliver real results, advancing Africa’s modernization and elevating the China–Africa community with a shared future to a new level.
 
Yu Dunhai, is Chinese Ambassador to Nigeria

Unlocking the Benefits of Zero-Tariff Measures to Elevate the China–Africa Community with a Shared Future to a New Level

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