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SAD Report; World Bank warns over unrest in Nig, Kenya, others, says 464m sub-Saharan Africans live in abject poverty
The World Bank has revised its economic growth forecast for the Sub-Saharan Africa (SSA) downward to 3% for this year, a drop from the initial 3.4% projection made in April.
This change is largely attributed to the devastating impact of Sudan’s escalating civil war on its economy.
The region’s growth has been slowing down, with the three largest economies – Nigeria, South Africa, and Angola – experiencing a significant slowdown, averaging only 1.8% growth last year.
This downturn is a concern, especially considering the region’s history. For instance, in 2020, Sub-Saharan Africa’s output contracted by 2.4% due to the COVID-19 pandemic, marking the first economic contraction in a generation and the deepest recession since the 1960s.
The World Bank’s latest report, Africa Pulse published on Monday, highlights these challenges and provides valuable insights into the region’s economic prospects.
It’s essential for policymakers and stakeholders to address these issues to foster sustainable growth and development in Sub-Saharan Africa.
“The downgrade is partly explained by the collapse of economic activity in Sudan caused by the armed conflict, which has destroyed physical and human capital as well as state capacity, with adverse impacts on food security and greater forced displacement,” the World Bank stated.
According to the report, Sudan’s economy is projected to decline by 15.1% in 2024 before recovering slightly the next year with 1.3% growth. The northeast African country has been embroiled in a violent conflict since April 2023, with UN estimates putting the death toll in the thousands. Around 11 million people have been displaced.
Ahead of the report’s release, the World Bank’s chief economist for Africa told reporters on Friday that without the Sudanese conflict, regional growth in 2024 would have been 3.5% higher and in line with the initial April estimate.
“So that’s how much this is knocking off the regional growth rate,” Andrew Dabalen said, adding that “Sudan, the economy, has basically completely disappeared.”
Regardless, the Washington-based lender expects economic growth in 1.24 billion-strong SSA to accelerate to 4% in 2025 and 2026. This will be driven by an expected boost in private consumption and investment, owing to lower interest rates as the region’s inflation rate falls to 4.8% this year from 7.1% in 2023.
The institution also expressed concern about the region’s per capita growth, claiming that it has not been sufficient to reduce extreme poverty. It stated that SSA’s real income per capital in 2024 is about 2% lower than it was in 2019 before the COVID-19 pandemic.
“The number of poor people increased from 448 million in 2022 to 464 million in 2024,” it stated.
“The high cost of living, corruption, and, more broadly, weak governance have triggered protests and palpable anger among the youth in Kenya, Nigeria, and Uganda – unrest that could spread throughout the region,” the World Bank warned.
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Tinubu expresses sadness over Ibadan stamped victims, demands probe
President Bola Tinubu has expressed sadness over the victims of the tragic incident at a children’s funfair in Ibadan, Oyo State, which claimed innocent lives and left many others injured.
A day after the tragic incident, 35 minors have been confirmed dead in a stampede at a funfair held at Islamic High School, Orita Bashorun, the state capital.
The President in a statement by his spokesman, Bayo Onanuga, extended his condolences to the government and people of Oyo State and, most importantly, to the grieving families who have lost their children in the unfortunate event.
President Tinubu has urgently directed the relevant authorities to investigate the circumstances of this tragedy thoroughly,” the statement read.
The President extends his heartfelt condolences to the Government and people of Oyo State, as well as to the grieving families who have lost their beloved children.
“In this moment of mourning, President Tinubu stands in solidarity with the affected families and offers prayers that the Almighty God will grant peace to the souls of those who have departed in this unfortunate event.”
Tinubu highlighted that it is imperative to determine whether negligence or deliberate actions contributed to this painful incident, ensuring a transparent and accountable process.
He also urged the Oyo State Government to take every necessary measure to prevent such a tragedy from reoccurring.
Among the essential actions are a comprehensive review of all public events’ safety measures, strict enforcement of safety regulations, and regular safety audits of event venues.
“Furthermore, President Tinubu calls on event organisers to prioritise the safety of all attendees, especially children. He stresses the importance of integrating professional security, protocol, and logistics at events to ensure the utmost safety of all participants,” the statement read.
He reiterated his administration’s commitment to the safety and well-being of children, arguing that no event should ever compromise their safety or take precedence over their lives.
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How soldiers damaged my house for doing my job – ECTDA Chair, Hon. Uche Anya
The Chairman of the Enugu Capital Territory Development Authority, ECTDA, Rt. Hon. Uche Anya has narrated how soldiers from 82 Division of the Nigeria Army invaded his residence by 2.30am and destroyed his residence for carrying out a town planning regulation on an army property in Enugu.
According to Anya, the soldiers who some of them were on mufti, in the wee hours of Sunday morning, invaded his residence with armoured personnel carriers, forcefully jumped into his compound and destroyed most parts of his house and abducted him.
His offence, he explained, was that he demolished a fence that was being made round an army property at GRA area of the Coal City, which the army did not obtain approval plan and permit from his office before embarking on the construction.
“We pleaded with them that we are from the ECTDA and needed to see their approved plan and permit but they asked me to call the General Officer Commanding (GOC) 82 Division, Enugu.
“We insisted on seeing their approval, which they did not provide, leading to our stopping them from working and marking the place with ‘Stop Work’ notice immediately.”
He said that he thereafter reached out to the GOC and informed him about what transpired, but that the army said that they were trying to secure their land.
“I told him that under our law, once a development is taking place in the capital territory, there must be permission. So, three days later, in the course of our routine work, we discovered that they had wiped out our stop work order and proceeded with the work. We rolled down our equipment and pulled down the fence because they reneged on our agreement,” Anya narrated.
The Capital Territory Chairman said that two hours later, he started noticing strange movement around his street, with some people taking photographs.
“So, around 2:30a.m, two Armoured Personnel Carriers (APCs) arrived on my street. Some people in mufti with guns jumped into my compound and I was seeing them through my CCTV. They tried to break into the house but it took them almost 90 minutes to break in through the kitchen.”
When our correspondent visited Anya’s residence, there was a total smash of most properties in the house starting from the gate to the entrance door and windows, television sets, CCTV cameras and so many other things were in complete ruin.
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