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Nigeria missing as 11 African countries projects strong growth in 2024
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By Francesca Hangeior
Nigeria is missing from the list of 11 African countries expected to experience strong growth in 2024.
According to the African Development Bank Group, in its latest Macroeconomic Performance and Outlook of the continent, Africa will account for 11 of the world’s 20 fastest-growing economies in 2024, but Nigeria is not expected to be one of them.
AfDB said the top 11 African countries projected to experience strong economic performance are Niger (11.2 per cent), Senegal (8.2 per cent), Libya (7.9 per cent), Rwanda (7.2 per cent), Cote d’Ivoire (6.8 per cent), Ethiopia (6.7 per cent), Benin (6.4 per cent), Djibouti (6.2 per cent), Tanzania (6.1 per cent), Togo (6 per cent), and Uganda (6 per cent).
The International Monetary Fund reduced its forecast for Nigeria and its economic growth to 3 per cent in 2024, down from a 3.1 per cent projected in October 2023. This is contained in the Washington-based institution’s World Economic Outlook update for January 2024.
Overall, the AfDB report said that the real gross domestic product growth for the continent is expected to average 3.8 per cent and 4.2 per cent in 2024 and 2025, respectively. This is higher than projected global averages of 2.9 per cent and 3.2 per cent, the report said.
The continent is expected to remain the second-fastest-growing region behind Asia.
The President of the AfDB, Akinwumi Adesina, spoke during the launch of the report on the sidelines of the 37th Ordinary Session of the Assembly of the African Union – Addis Ababa, Ethiopia.
Adesina said, “Today, as we gather here, like other regions of the world, Africa continues to face multiple crises, including rising cost of living, weakening economic growth, a tightening of global financial conditions, shortage of concessional resources, increasing effects of climate change, lingering impacts of health pandemics, conflict, and geopolitical tensions.
“The interaction of these global and regional crises with existing regional structural weaknesses threatens to halt Africa’s gradual economic recovery and is hindering socioeconomic developments.”
“Despite the challenging global and regional economic environment, 15 African countries have posted output expansions of more than 5 per cent,” he added.
Adesina further called for larger pools of financing and several policy interventions to boost Africa’s growth.
The latest report is calling for cautious optimism given the challenges posed by global and regional risks. These risks include rising geopolitical tensions, increased regional conflicts, and political instability—all of which could disrupt trade and investment flows, and perpetuate inflationary pressures.
Presenting the key findings of the report, the African Development Bank’s Chief Economist and Vice President, Prof. Kevin Urama, said, “Growth in Africa’s top-performing economies has benefited from a range of factors, including declining commodity dependence through economic diversification, increasing strategic investment in key growth sectors, and rising both public and private consumption, as well as positive developments in key export markets.
“Africa’s economic growth is projected to regain moderate strength as long as the global economy remains resilient, disinflation continues, investment in infrastructure projects remains buoyant, and progress is sustained on debt restructuring and fiscal consolidation.”
Highlighting the importance of collaboration, the Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, African Union Commission, Ambassador Albert Muchanga, said, “The future of Africa rests on economic integration. Our small economies are not competitive in the global market. A healthy internal African trade market can ensure value-added and intra-African production of manufactured goods.”
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Body of States Attorneys-General intervenes in NBA leadership crisis, urges calm
The Body of States Attorneys-General has stepped into the leadership crisis rocking the Nigerian Bar Association (NBA), calling on all parties to exercise restraint and allow ongoing efforts aimed at resolving the dispute through established institutional processes.
In a communiqué issued on Friday, following its meeting, the Body appealed to members of the legal profession and other stakeholders to refrain from making public statements capable of inflaming tensions as moves continue to find a lasting solution to the crisis.
The communiqué, jointly signed by the Chairman of the Body, Dr. Ben Uruchi Odoh, and its Secretary, Senior Ibrahim Sulyman, expressed support for an amicable resolution of the dispute.
The Attorneys-General urged all parties to embrace dialogue in line with existing court directives and work towards resolving the impasse in the interest of preserving the unity, dignity and integrity of the Nigerian Bar Association.
The Body also called for the urgent convening of an emergency meeting of the General Council of the Bar (GCB), the statutory body established under Section 1(1) of the Legal Practitioners Act, Cap. L11, Laws of the Federation of Nigeria 2004, which is responsible for the management of the affairs of the NBA.
According to the communiqué, the emergency meeting would provide the appropriate platform to facilitate an amicable resolution of the issues that have given rise to the current leadership crisis.
Reaffirming its commitment to the rule of law and the independence of the legal profession, the Body stressed the need to preserve the unity and institutional integrity of the NBA.
It expressed confidence that the dispute could be resolved through constructive engagement, mutual respect and strict adherence to the law.
News
‘Unauthorised Jumu’ah mosques to face sanctions’ – Kano Sharia Commission
The Kano State Sharia Commission has warned that anyone who establishes a Jumu’ah (Friday) mosque without its approval will face sanctions in accordance with the law.
The commission’s Second Commissioner, Sheikh Ali Danabba, gave the warning while addressing journalists in Kano.
According to him, the Commission will no longer recognise or approve any Jumu’ah mosque established outside the prescribed legal process.
“Anyone intending to establish a Jumu’ah mosque must first seek and obtain approval from the Kano State Sharia Commission and fulfil all the prescribed legal and administrative requirements,” Sheikh Danabba said.
He stressed that the Commission was determined to enforce the regulation and ensure that all Friday mosques operate within the provisions of the law.
The commissioner urged individuals, communities and religious organisations to comply with the state’s guidelines on establishing places of worship to promote order and peaceful religious activities across Kano State.
He also assured residents that the Commission would continue to monitor religious affairs to ensure strict compliance with the law.
News
Alia blames illiteracy, poverty for Nigeria’s insecurity
Benue State Governor, Hyacinth Alia, has identified illiteracy, poverty, unemployment, inequality, weak institutions, ethno-religious tensions, poor governance and declining social values as major factors fueling Nigeria’s persistent insecurity.
The governor made the remarks on Friday while delivering a lecture at the quarterly lecture series of Yakubu Gowon University in Abuja.
Alia said Nigeria had witnessed an unprecedented wave of insecurity in recent decades, citing the Boko Haram insurgency, banditry, terrorism, kidnapping and recurring herders-farmers clashes, which he said have claimed thousands of lives, destroyed property and posed serious threats to national security.
According to him, the Boko Haram insurgency represents a direct attack on Western education, underscoring the need for governments to strengthen the country’s education system as part of efforts to address insecurity.
The governor stressed that building an efficient public service and strengthening institutions remain critical to tackling the country’s growing security challenges, noting that the public service plays a central role in delivering essential services and meeting the needs of citizens.
He said effective public service delivery would help build stronger and more resilient communities, stimulate economic growth and promote social cohesion.
“Through efficient and effective public service delivery, we can build stronger and more resilient communities, foster economic growth, and promote social cohesion,” he said.
Alia also called for greater investment in inclusive, equitable and quality education, lifelong learning opportunities, technical and vocational skills development, teacher capacity building and safe learning environments across all levels of education.
He argued that education remains one of the most sustainable approaches to addressing the root causes of insecurity, including illiteracy, ignorance, poverty, religious extremism and unemployment.
According to him, when deliberately deployed as a national development strategy, education can reduce vulnerability to violent extremism, promote tolerance and empower citizens with the knowledge and skills needed for productive livelihoods.
The governor maintained that rather than relying solely on military action or threats, Nigeria should prioritise accessible, compulsory and functional education capable of fostering social cohesion, religious tolerance and economic empowerment.
He added that strengthening the education sector would not only improve human capital development but also contribute significantly to building a more peaceful, stable and secure society.
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