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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
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NGO backs Tinubu’s climate awareness tour
NGO backs Tinubu’s climate awareness tour
Jewel Environmental Initiative (JEI), a Non-Governmental Organisation (NGO), has commended President Bola Tinubu for inaugurating the Renewed Hope Climate Change Awareness Tour, urging Nigerians and stakeholders to support the initiative nationwide.
Mr Ismail Bima, Chief Executive Officer of JEI, said in a statement on Thursday in Gombe that the tour would significantly strengthen public understanding of climate change and encourage collective environmental responsibility.
Bima described the initiative as a clear affirmation of the Federal Government’s commitment to pursuing practical solution driven strategies that addressed climate challenges and safeguarded livelihoods, ecosystems, and national development efforts.
He noted that the programme would achieve its objectives if government institutions, private organisations, civil society groups, and citizens actively played their respective roles in promoting awareness, resilience, and sustainable practices.
According to him, the inauguration marks an important step toward building a nationwide movement capable of delivering measurable progress in Nigeria’s broader efforts to secure a climate resilient future for generations.
He said JEI fully aligned with the Renewed Hope Climate Change Awareness Tour, noting that the initiative could inspire innovation, strengthen environmental education, and promote sustainable development across communities nationwide.
Bima also commended the Minister of Environment and urged federal, state, and local stakeholders to support the initiative, stressing that climate change impacts affected all citizens regardless of region or status.
He emphasised that growing climate pressures on agriculture, livelihoods, and ecosystems made the awareness tour timely, adding that stronger information sharing and partnerships were necessary to confront environmental risks nationwide.
He urged authorities to implement the initiative with sustained commitment, extend activities to grassroots communities, and collaborate with state and local governments to ensure wider participation and maximum impact nationwide effectively.
The News Agency of Nigeria (NAN) reports that President Tinubu inaugurated the Renewed Hope Climate Change Awareness Tour in Abuja on Tuesday to promote climate resilience and sustainable development nationwide initiatives.
NGO backs Tinubu’s climate awareness tour
News
Experts Demand Stronger Research, Free Screening, Community Mobilisation to Tackle HPV in Nigeria
Experts Demand Stronger Research, Free Screening, Community Mobilisation to Tackle HPV in Nigeria
By: Michael Mike
Nigeria’s battle against Human Papillomavirus (HPV) must move beyond routine vaccination campaigns to embrace deeper research, free nationwide screening and aggressive grassroots engagement if the country is to defeat cervical cancer and other HPV-related diseases, medical experts declared on Wednesday in Abuja.
The call came during activities marking the 2026 International Human Papillomavirus Awareness Day, a global initiative championed by the International Papillomavirus Society to spotlight the dangers of HPV and promote prevention strategies.
Speaking at the event, Professor Imran Oludare Morhason-Bello of the University College Hospital Ibadan and the University of Ibadan warned that limiting HPV conversations to cervical cancer alone is both misleading and dangerous.
According to him, the virus is responsible not only for cervical cancer but also for cancers of the throat, mouth, anus and penis, affecting men and women alike.
“Human Papillomavirus is not a women-only issue,” he said. “It affects both genders and people of different backgrounds. We must broaden our understanding and our response.”
He urged policymakers to adopt a transdisciplinary approach that integrates medical science, social research, education, religious institutions and community leadership. He noted that vaccine hesitancy differs across regions and communities, making localised research and engagement essential for effective intervention.
Morhason-Bello stressed that policies designed without grassroots input often fail, adding that communities must be partners — not passive recipients — in the fight against HPV.
The experts acknowledged Nigeria’s progress in rolling out HPV vaccines through the National Primary Health Care Development Agency, with over 16 million girls vaccinated so far. However, they noted that with tens of millions more eligible, the country must intensify both funding and awareness to close the gap.
The LOC Chairman, IHAD IPVS-Nigeria and Nigeria Country Ambassador, IPVS, Dr. Maureen Umeakuewulu called for a nationwide advocacy movement that includes religious leaders, traditional rulers, women’s organisations, youth groups and survivors of cervical cancer.
She said misinformation — particularly claims that the vaccine causes infertility — continues to undermine progress.
“The vaccine has been in use globally for over 20 years. There is no evidence linking it to infertility,” she said. “But while we are educating communities, those spreading falsehoods are also active. We must be louder with facts.”
She further argued that cervical cancer screening should be made free in all hospitals — public and private — to eliminate financial barriers that discourage women from testing.
“If women gather the courage to seek screening and are turned back by costs they cannot afford, then our advocacy is weakened,” she said. “Screening must be accessible to every woman, regardless of her income or location.”
Also speaking, President of the Nigerian chapter of the International Papillomavirus Society, Professor Mohammed Manga,, described HPV as one of the few cancer-causing infections that is preventable through vaccination and early detection.
He said the global slogan “One Less Worry” reflects the reality that cervical cancer could become a thing of the past if countries commit fully to vaccination, screening and sustained awareness.
“This is not a battle for doctors alone,” Manga said. “It requires the media, policymakers, community leaders, caregivers and citizens. No single profession can eliminate HPV. It is a collective responsibility.”
Participants agreed that while funding remains critical, education and system efficiency are equally important. They pointed to gaps in training, misinformation among some health workers and infrastructural weaknesses within the health system.
The experts concluded that Nigeria stands at a critical moment: with vaccines available and awareness growing, the country has the tools to dramatically reduce HPV-related deaths. What remains, they said, is the political will, sustained funding and community-driven action to turn that potential into reality.
Experts Demand Stronger Research, Free Screening, Community Mobilisation to Tackle HPV in Nigeria
News
Military Air precision bombardment neutralises over 50 terrorists after attack on Ngoshe in Borno
Military Air precision bombardment neutralises over 50 terrorists after attack on Ngoshe in Borno
By: Zagazola Makama
The Air Component of Operation Hadin Kai has neutralised over 50 suspected Boko Haram/ISWAP terrorists following precision air strikes on their withdrawal routes after a failed attack on Ngoshe in Gwoza Local Government Area of Borno.
Sources told Zagazola Makama that the officer said the terrorists had, at about 7:30 p.m. on March 3, launched a coordinated assault on artillery positions in Ngoshe, a community located about 12 kilometres from Pulka and 31 kilometres from Gwoza town.
“The insurgents attempted to overrun the artillery positions in a surprise evening attack. Troops on ground responded effectively but conducted a tactical withdrawal under intense fire to preserve personnel and equipment while reinforcements were being mobilised,” he said.
The sources explained that the insurgents had adopted a hit-and-withdraw tactic, abandoning the scene before reinforcement troops fully secured the area.
The sources added that additional troops were immediately deployed, while surveillance platforms tracked the fleeing terrorists along identified withdrawal corridors.
“Upon receipt of real-time intelligence from ground troops, the surveillance aircraft were scrambled to engage the terrorists on their egress routes. The terrorists were sighted moving in clusters in both locations.
“Precision bombardment was conducted on confirmed target clusters and movement trails. Battle Damage Assessment indicates that over 50 terrorists were neutralised in two separate strike runs,” the officer said.
“The air-ground synergy under Operation Hadin Kai ensured that although the terrorists attempted to escape into forested enclaves, they were decisively engaged from the air.
“The strikes also disrupted their logistics and mobility capability within the Ngoshe–Pulka corridor,” he said.
The sources further stated that clearance and area domination operations were ongoing to forestall any regrouping attempts by the insurgents.
He noted that the Ngoshe–Gwoza axis remains a historically volatile corridor due to intermittent activities of Boko Haram and ISWAP remnants exploiting difficult terrain and proximity to cross-border forest zones.
“Operation Hadin Kai remains resolute in sustaining offensive pressure. The message is clear any attempt to attack our positions will attract overwhelming and coordinated firepower,” he said.
He assured residents of Gwoza and surrounding communities of the military’s commitment to protecting lives, supporting resettlement efforts, and consolidating gains recorded in the ongoing counter-insurgency campaign in Borno.
Military Air precision bombardment neutralises over 50 terrorists after attack on Ngoshe in Borno
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