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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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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

By: Michael Mike

A powerful coalition of global and national leaders has challenged Nigerian students to take ownership of the future, as the Lagos Secondary Schools Model United Nations (LASSMUN) 2026 opened with a resounding focus on digital transformation, equity, and sustainable development.

At the heart of the gathering was a clear message: young people are not just participants in tomorrow’s world—they are already shaping it.

Delivering a keynote message, António Guterres underscored the United Nations’ unwavering belief in the capacity of youth to drive meaningful change. He told delegates that Model UN platforms are more than academic exercises—they are training grounds for leadership, diplomacy, and problem-solving in an increasingly complex world.

He emphasized that building a better future demands stamina, courage, and a deep commitment to fairness, urging students to always center the needs of the most vulnerable in their decision-making.

The Lagos State Commissioner for Basic and Secondary Education, Jamiu Tolani Alli-Balogun, reinforced the importance of education as a cornerstone of national progress, describing LASSMUN as a strategic investment in the next generation of leaders.

He highlighted ongoing efforts by the state government to strengthen education systems through innovation, infrastructure, and policies that promote critical thinking and character development. According to him, the discipline and engagement demanded by Model UN simulations mirror real-life governance and should inspire students to lead with integrity and purpose.

Providing a broader intellectual perspective, Efosa Osaghae, represented by Prof. Joshua Bolarinwa, said digital transformation holds immense promise for addressing global inequalities in education. However, he warned that without deliberate policies to ensure inclusiveness, technology could deepen existing divides.

He called for sustained investments in digital infrastructure, improved access, and stronger policy frameworks to ensure that no learner is left behind in the rapidly evolving knowledge economy.

The Director of the United Nations Information Centre Abuja, Ronald Kayanja, took the message further, reminding participants that youth are already central to global efforts on peace, climate action, and sustainable development.

He urged delegates to embrace dialogue, tolerance, and cooperation—core values of the United Nations—while also developing the critical ability to distinguish facts from misinformation in an increasingly polarized information landscape.

Earlier, LASSMUN President Damilola Ogunsanwo set the tone for the conference, describing it as a transformative experience that instills discipline, collaboration, and respect for global processes.

Also speaking, Tutor-General/Permanent Secretary of Education District III, Mrs. Mojisola Christiana Yusuf, emphasized that Model UN bridges classroom learning with real-world application, equipping students with essential skills such as negotiation, public speaking, and teamwork.

Adding a development perspective, Ms. Genevieve Chukwuezi, representing the United Nations Development Programme Lagos Office, highlighted how technology proved indispensable during the COVID-19 pandemic, ensuring continuity in learning despite widespread school closures.

She stressed that digital transformation must go beyond access to technology, focusing instead on innovation, scalability, and the ability to translate ideas into practical solutions that drive economic and social progress.

In a striking intervention, the conference Secretary-General, Praise Oyekunbi, cautioned against superficial adoption of technology, warning that digital tools without equitable access risk entrenching injustice rather than solving it.

“Technology without equity is not progress—it is exclusion,” she declared, drawing attention to the urgent need for inclusive digital policies.

With debates and committee sessions underway, LASSMUN 2026 is shaping up as more than a conference—it is a platform cultivating a new generation of informed, responsible, and globally conscious leaders ready to confront the defining challenges of the 21st century.

Global Leaders Inspire Youth Action on Digital Education at LASSMUN 2026

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

By: Michael Mike

Stakeholders from government agencies, civil society, security institutions, and the education sector have called for urgent early intervention, stronger enforcement of anti-bullying policies, and expanded youth empowerment programmes to address rising cases of bullying in Nigerian schools.

They made the call at a Stakeholder Consultative Dialogue on Anti-Bullying in Nigerian Schools convened by International Alert Nigeria on Friday in Abuja, where experts warned that bullying is increasingly becoming a major driver of mental health challenges and broader social risks among young people.

NDLEA links bullying to drug abuse risks

Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig.-Gen. Mohammed Marwa, warned that persistent bullying could expose young people to substance abuse and other harmful coping behaviours.

Represented by Henrietta HoldGod of the agency’s Counselling and Psychosocial Support Unit, he said victims of bullying often suffer anxiety, depression, low self-esteem, and social withdrawal.

He stressed that in some cases, affected students may resort to drugs as a coping mechanism, noting that prevention of bullying directly aligns with NDLEA’s broader preventive mandate.

“Protecting children from bullying also means protecting them from pathways that may lead to drug abuse and other harmful behaviours,” he said, adding that safer schools are essential for building resilient communities.

NAPTIP urges zero tolerance and collective responsibility

The Director-General of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Binta Bello, described bullying as a violation of human rights that requires collective action across homes, schools, and communities.

Represented by NAPTIP Director Rebecca Enwusoyere, she called for strict zero-tolerance policies in schools, stronger parental engagement, and sustained community advocacy.

She also urged stakeholders to equip young people with skills to identify, resist, and report bullying, stressing that awareness campaigns, peer education, and safe reporting channels are critical to preventing silent suffering among victims.

Experts warn of rising mental health burden

A Senior Research Fellow in International Education and Development at the Open University, Dr. Margaret Ebubedike, said bullying had worsened in the post-COVID-19 period, with significant consequences for students’ mental health and learning outcomes.

She noted that bullying extends beyond individuals to affect families and the education system, disrupting academic engagement and undermining safe learning environments.

Citing regional data, she said between 27 and 50 percent of children in Sub-Saharan Africa experience bullying, warning that Nigeria’s situation appears more severe, with more than half of secondary school students reportedly affected.

“Tackling bullying requires a collective response involving parents, educators, policymakers, and communities,” she said.

Security agency warns of wider societal risks

The Commandant-General of the Nigerian Security and Civil Defence Corps (NSCDC), Dr. Ahmed Audi, cautioned that unresolved bullying cases could escalate into broader security threats if not addressed early.

Represented by CSC Adeoye Adegoke, he emphasised the need for early reporting systems and coordinated institutional responses to prevent escalation.

Federal Government reiterates policy commitment

The Federal Government reaffirmed its commitment to tackling bullying through the National Policy on Anti-Bullying in Schools.

Representing the Federal Ministry of Youth Development, Mrs. Augustine Udo said the policy provides a framework for accountability, protection, and enforcement, urging stakeholders to move from policy discussions to practical implementation.

She called for stronger reporting mechanisms and increased empathy among students, teachers, and parents.

The Federal Ministry of Education Nigeria also confirmed that implementation guidelines and a dedicated committee have been established to ensure nationwide rollout of anti-bullying measures across schools.

Experts push for system-wide action

Behavioural Change Communication expert, Ms. Ayotola Ilori, said data shows bullying is widespread, with about 32 percent of Nigerians aged 12 to 17 affected, while as many as 85 percent are either victims, perpetrators, or both.

She welcomed the 2025 National Anti-Bullying Policy but warned that policy design alone is insufficient without full system-level implementation across schools nationwide.

Ilori also called for coordinated action across all 774 local government areas, urging students to speak up and avoid silence when facing bullying.

International Alert calls for practical interventions

Country Director of International Alert Nigeria, Dr. Kingsley Udo, said the initiative was prompted by growing concerns over recent bullying incidents, including a widely reported case in Edo State.

Represented by Programme Manager Sunday Jimoh, he said the dialogue aimed to move beyond awareness creation to actionable policy solutions.

He noted that bullying is not limited to schools but also exists in workplaces, sports, and leadership spaces, describing it as a broader societal challenge.

Udo said the organisation is working with schools to establish Youth Peace Clubs, where students are trained in conflict resolution and the psychological impact of bullying.

He added that safe reporting systems are also being developed to ensure victims can report incidents before they escalate.

At the end of the dialogue, organisers said a communiqué and policy roadmap would be developed to guide future advocacy and strengthen government engagement on anti-bullying interventions nationwide.

Stakeholders Call for Stronger Enforcement, Early Intervention to Curb School Bullying in Nigeria

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Nigerian envoy visits troops in Benin, urges professionalism

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Nigerian envoy visits troops in Benin, urges professionalism

By: Zagazola Makama

The Chargé d’Affaires at the Nigerian Embassy in Cotonou, Benin Republic, Amb. Bukar Kalambe, has visited Nigerian troops deployed under Operation AWATSE African Alliance II (OPAA II), urging them to uphold professionalism and represent the country with dignity.

Thrme visit took place on April 15, 2026, at Togbin Camp, where the envoy was accompanied by the Defence Adviser, Col. S.A. Yahaya, embassy staff, and the President of the Nigerians in Diaspora Organisation (NIDO), Benin Republic branch, Alhaji Muhammad Muniru.

According to the sources, the visit was aimed at boosting the morale of the troops and reinforcing diplomatic support for the ongoing mission.During the interaction, Kalambe charged the troops to remain disciplined and committed to their mandate, while serving as good ambassadors of Nigeria.

He also assured them of continued support from the Nigerian mission in Benin Republic to ensure the success of the operation.

The Commanding Officer of OPAA II, Lt.-Col. A.A. Ikoro, later conducted the envoy on a guided tour of the camp, showcasing facilities, vehicles, and operational equipment provided by the Nigerian Army for the mission.End

Nigerian envoy visits troops in Benin, urges professionalism

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