As the year 2024 draws to a close, it presents an opportunity to reflect on the significant events and trends that have shaped Nigeria. This year has been marked by a mixture of huge challenges, pains and mjnor achievements, reflecting the complexities of the nation’s socioeconomic and political landscape. From widespread protests over hunger and bad governance to the growing spate of insecurity coupled with the high cost of living, 2024 has been a turvy year for Nigerians.
2024 continued to witness the ongoing security challenges that have plagued Nigeria for years. The activities of Boko Haram and other extremist groups persisted, particularly in the Northeast. Additionally, the rise of banditry in the North-West and criminality in some parts of the country presented significant hurdles to governance and public safety.
The President Bola Tinubu administration faced immense pressure to address these security concerns effectively. While efforts were made to strengthen military operations and community policing initiatives, the situation remained precarious. The government’s ability to restore peace and security was a critical factor influencing public perception.
Economic Developments
Nigeria’s economy in 2024 was characterized by high inflation rates and rising living costs which posed challenges for many Nigerians. The cost of essential goods and services sky-rocked, leading to public discontent, widespread mass protests and calls for more effective, humane economic policies that prioritize the welfare of citizens.
The slow recovery exacerbated by ill-conceived reforms and global economic instability highlighted 2024 for Nigerian economy. Worst still, the Tinubu-led government has not taken concrete measures to revitalize the critical econom[c sectors.. The agricultural sector did not received significant attention, which adversely affected food security and local production. The spent the later part of the year engrossed in controversy over a tax reforms bill that’s diabolically lopsided and maliciously conceived by the South-West dominated Tinubu’s economic team.
2024 equally saw drama, melodrama and controversies in the energy sector following the commencement of operations by Dangote Refinery in the nation’s downstream sector of the economy. There was, sadly, much brick-batting between the Nigeria oil company, NNPCL and Dangote over monopoly, product quality and commodity pricing.
In a nation where over 50% of the population is under 30, youth unemployment remained a pressing issue in 2024 as the restiveness of the country’s most critical demographic segment continued to grow. The government and various organizations introduced programmes aimed at promoting entrepreneurship and skills development. Despite these efforts, the challenges of access to jobs, capital and market opportunities persisted. Many young entrepreneurs struggled to navigate hurdles and obstacles. The year underscored the need for systemic changes to create a more conducive environment for youth-led enterprises.
In the international scene, several political events significantly impacted the global landscape. In 2024, the Middle East continued to boil, no thanks to Israel’s genocidal war on Palestinians in Gaza and the occupied territories, killing over 50,000 innocent souls including women and children. The Zionist regime also extended its aggression into Lebanon and Syria. Efforts for a ceasefire in Gaza and peace in the Middle East proved abortive.
The conflict in Ukraine continued to dominate international headlines, with escalated military engagements. NATO’s support for Ukraine still remained a stumbling block to cessation of theviolence,, while discussions about the long-term implications for European security and energy policies were prominent.
The 2024 U.S. presidential election was a pivotal event, characterized by high voter turnout and intense political polarization. The election saw the re-emergence of Donald Trump as the 46th President of the United States. The European Union faced internal challenges, including debates over migration policies and economic disparities among member states. The rise of far-right parties in several countries influenced discussions about European unity and governance, shaping future policies and elections.
China’s political maneuvers, particularly regarding Taiwan and its assertive presence in the South China Sea, raised tensions with Western nations. The year saw increased military exercises and diplomatic engagements.
In summary, 2024 year of significant developments for Nigeria, marked by wars, strife, political transitions, economic challenges, and social movements. As the world moves forward, the lessons learned in 2024 will serve as a foundation for building a more peaceful, prosperous and equitable global society. The path ahead is fraught with challenges, but the determination and spirit of the people offer hope for a brighter future.
