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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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Security checks find no confirmation of alleged terror build-up around Heipang axis

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Security checks find no confirmation of alleged terror build-up around Heipang axis

By: Zagazola Makama

Available security checks and field verifications do not support the claim circulating in the alert attributed to Barr. Dalyop Solomon Mwantiri alleging imminent coordinated attacks around Heipang Airport and surrounding communities in Plateau.

Multiple security sources indicate that: There is no confirmed intelligence of mass movement or staging of armed groups in the Heipang, Kwi, Kuru, Bisichi, or Wereng axis as described.

Routine patrols and surveillance by security forced in Barkin Ladi, Jos South, and Riyom LGAs have not reported unusual or mobilisation consistent with a planned large-scale attack.

The claim of a “narrow escape” has not been corroborated by any official report from security agencies or local command structures.

Sources said that such messages often emerge during periods of heightened tension and can trigger panic, reprisals, or misinformation cycles, especially in volatile communities.

However, authorities emphasise that the absence of confirmation does not eliminate the need for vigilance.

Residents should rely on verified channels and promptly report any suspicious activity to security agencies. Spreading unverified alerts can undermine coordinated security responses and create unnecessary fear.

A senior security source described the message as “unverified and likely exaggerated”, urging the public to remain calm while security forces continue routine dominance patrols across the affected LGAs.

The general security situation in the area remains under observation but stable, with no immediate indication of an impending coordinated attack as claimed.

Security checks find no confirmation of alleged terror build-up around Heipang axis

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Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations

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Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations

By: Zagazola Makama

Suspected Fulani Bandits have killed eight residents in Mbwelle Village, Kwatas District of Bokkos Local Government Area of Plateau, in the latest wave of tit for tat attacks in the state.

The incident occurred at about 10:30 p.m. on April 9, according to security sources.

The victims were identified as Habila Istifanus (38), Hassan Istifanus (31), Iliya Mangut (70), Sunday Gideon (31), Innocent Banabas (20), Lucky Titus (38), Wisdom Lucky (15), and Bwehsun Hassan (25).

Joint security forces responded to the distress call but did not establish contact with the attackers, who fled before their arrival.

A security source attributed the delayed response to the distance of about 15 kilometres between the troops’ base and the community, as well as difficult terrain.

All casualties, including the injured, were evacuated to Bokkos Cottage Hospital, while troops have launched pursuit operations to apprehend the fleeing militia.

Earlier on April 9, troops under Operation Wutan Daji recorded a major operational success in Wase and Kanam LGAs, neutralising 13 suspected terrorists during an offensive along identified corridors in Daba and Seri villages.

The troops had established blocking positions between Dutsen Zaki and Odare Forest, where they intercepted armed elements moving on motorcycles.

Recovered items included two motorcycles, five 25-litre jerrycans of Premium Motor Spirit (PMS), one AK-47 rifle, and a magazine loaded with three rounds of 7.62mm special ammunition.

Military sources said several fleeing terrorists escaped with gunshot wounds, while clearance operations remain ongoing.

In a separate operation on the same day, troops of 33 Artillery Brigade, in collaboration with the Office of the National Security Adviser (ONSA), conducted clearance operations in Daji Madam Forest, targeting camps at Dogo Ruwa and Bogwas.

The operation, supported by troops of a Combat Support Infantry Battalion and Civilian Joint Task Force (CJTF), led to the rescue of 21 kidnapped victims and the destruction of multiple bandits’ enclaves, including one linked to a notorious leader identified as Auta Kachalla.

Items recovered included one G3 rifle, four magazines, three generating sets, and a solar panel.

Despite these gains, security incidents have persisted across Barkin Ladi, Riyom, Jos South, and surrounding areas.

On April 8, troops of Operation Enduring Peace (OPEP) foiled an attack on commuters along the Razat–Kafi Abu road in Barkin Ladi LGA, where one civilian was killed and two others injured.

Later the same day, troops repelled a militia attack along the same axis and conducted a cordon-and-search operation in Suma Suga Takwok, recovering two AK-47 rifles, two magazines, and five rounds of 7.62mm ammunition.

In Riyom LGA, one civilian was killed in an ambush along the Dagbam bridge axis on the GOL–HOSS–Bwei road, while two others escaped unhurt. Troops also foiled an attack on Jol community on April 7, forcing the assailants to retreat without casualties.

Similarly, troops rescued one victim and recovered ammunition following an earlier attack in Dum village, Bachi District, where another victim was found dead.

Security operatives also intercepted 16 stray cattle grazing on farmland in Tahoss community, an incident linked to recurring disputes between farmers and herders.

The pattern of violence reflects a sustained cycle of reprisals between farming communities and pastoral groups.

On April 5, a Fulani herder, identified as Abubakar Hababe (40), was found dead in Riyom LGA in what sources described as a reprisal attack. The killing by suspected Berom Militia was reportedly linked to earlier incidents, including the attack on an illegal mining site in Gyel village where three miners were killed.

Other incidents include the discovery of the body of a 30-year-old herder, Shafiyu, in Jos South LGA, and the killing of a Fulani boy, Abdullahi Mohammed, in Mangu LGA.

Tensions were escalated since March 28, after the assassination of a Fulani leader, Alhaji Bilyaminu Julde, the Ardo of Gindiri in Barkin Ladi LGA.

Security reports also identified repeated destruction of farmlands and cattle rustling, further aggravating hostilities between communities.

Authorities said troops and other security agencies have intensified patrols, surveillance, and community engagements across affected LGAs to prevent further escalation.

“Operations are ongoing to dominate the general areas, dismantle criminal networks, and restore normalcy,” a security source said.

The developments illustrate the complexity of the security situation in Plateau, where counter-terrorism operations intersect with long-standing communal tensions, making sustained peace efforts increasingly challenging.

Security agencies have urged residents to remain calm, avoid reprisals, and provide credible information to support ongoing operations aimed at restoring lasting peace in the state.

Eight killed in fresh Plateau attack by Fulani Bandits as troops intensify clearance operations

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Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations

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Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations

By: Zagazola Makama

Counter-insurgency expert and security analyst, Zagazola Makama, has called for a fair and balanced assessment of the career and contributions of former lawmaker and security governance expert, Mr Aliyu Ibrahim Gebi, amid ongoing allegations of providing false intelligence to foreign embassies.

Makama appealed to Nigerian government not to dismiss Mr Gebi, over ongoing allegations, urging Nigeria to carefully weigh his long record of service in national security and diplomacy.

Makama, who spoke in reaction to the controversy surrounding alleged intelligence-related activities linked to Gebi, stressed that Nigeria must evaluate his long-standing record of service in both kinetic and non-kinetic aspects of national security rather than isolate him based on allegations.

He said Gebi remained one of the country’s finest notable figures in security governance, regional diplomacy, and conflict resolution architecture, noting that his contributions over the years cut across legislative oversight, governance, counter-terrorism engagement, and high-level diplomatic mediation.

According to him, Gebi’s past involvement in sensitive national assignments, including inter-agency coordination efforts and regional stabilization initiatives, places him among a small pool of Nigerian actors with practical exposure to both domestic and transnational security dynamics.

Makama recalled that Gebi played roles in legislative security oversight during his tenure in the House of Representatives, where he chaired security-related committees and participated in discussions shaping internal security responses at a time of growing insurgency threats in the country.

He further noted his participation in regional engagements under ECOWAS frameworks, where he contributed to discussions on border security, free movement protocols, and counter-terrorism cooperation among West African states.

The analyst also highlighted Gebi’s involvement in non-kinetic interventions, particularly diplomatic engagements aimed at de-escalating tensions between Nigeria and neighbouring countries, including efforts to restore communication channels during periods of strained bilateral relations.

Makama added that Gebi’s role in broader regional security dialogues involving Nigeria, Niger Republic, Mali, and Burkina Faso demonstrated his exposure to multinational coordination mechanisms and alternative conflict resolution approaches outside conventional military operations.

He stressed that individuals with such background often operate within sensitive intelligence and diplomatic environments where misinterpretations can easily arise, noting that such complexity should not be ignored in public judgment.

“Nigeria must not to discard one of its best hands in the non-kinetic and strategic communication space based on allegations that are still under investigation. “Nigeria cannot afford to lose experienced actors in its security ecosystem without full and fair consideration of their track records,”Makama said.

He added that Nigeria’s security challenges required experienced bridge-builders capable of working across intelligence, diplomacy, and civil-military coordination, rather than a narrowing of the country’s human capacity pool through premature exclusion.

He said that the former lawmaker had, over the years, participated in several high-level policy engagements, advocacy programmes, and security governance platforms, where he consistently advocated for stronger intelligence sharing, regional cooperation, and a whole-of-government approach to insecurity in West Africa.

“Whether in formal government assignments or informal diplomatic engagements, Gebi has consistently positioned himself on the side of Nigeria’s national interest,” Makama stated.

The security analyst also highlighted Gebi’s public communication role, noting that he had frequently used social media platforms, particularly Twitter, to mobilise youth engagement around national unity, counter-extremism narratives, and civic responsibility, describing it as part of modern strategic communication in security governance.

According to him, such engagements formed part of modern strategic communication efforts that complement kinetic military operations with information-driven stabilization strategies.

Makama cautioned that isolating individuals who have contributed significantly to national security discourse based solely on allegations could discourage future participation by experts in sensitive intelligence and diplomatic engagements.

The nation must judge fairly, investigate thoroughly, but also remember those who have consistently worked to keep it stable. Gebi is one of them.

Zagazola defends Gebi, urges Nigeria not to discard “one of its best minds” over allegations

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