The World Bank President, Ajay Banga, has warned that without deliberate and coordinated global action, the growing population of young people could become a source of instability rather than a catalyst for progress.

This was as he projected that Nigeria’s population may rise by about 130 million by the year 2050.

Banga disclosed this during the 2025 Annual Meetings of the International Monetary Fund and the World Bank Group, where he warned that Africa’s explosive population growth presented both an unprecedented opportunity and a looming risk.

He cautioned that failure to create economic opportunities might turn youthful optimism into frustration, fueling unrest, insecurity, and mass migration with far-reaching consequences for every region and economy.

According to him, with the right investments focused on opportunity rather than need, Africa’s young population could become a powerful engine for sustainable growth and innovation in the decades ahead.

Banga described the coming decades as “one of the great demographic shifts in human history,” noting that by 2050, more than 85 per cent of the world’s population will live in countries currently considered developing.

He warned that over the next 10 to 15 years, approximately 1.2 billion young people will enter the global workforce, competing for only 400 million available jobs, resulting in a gap of 800 million unemployed or underemployed youths worldwide.

A transcript of his speech obtained by our correspondent on Saturday read, “Reconstruction is an essential part of our mandate. A service we stand ready to deliver whenever and wherever it’s needed and to the best of our ability. At the same time, as an institution of development, we are equally committed to conflict prevention.

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“Alongside rebuilding what has been lost, we must also focus on creating the conditions for opportunity and stability. That is what motivates our actions and decisions today. We are living through one of the great demographic shifts in human history. By 2050, more than 85 per cent of the world’s population will live in countries we call “developing” today.

“In just the next 10 to 15 years, 1.2 billion young people will enter the workforce, vying for roughly 400 million jobs. That leaves a very large gap. Let me express that urgency another way: Four young people will step into the global workforce every second over the next ten years.”

He added that in the time it takes to deliver the remarks, tens of thousands would cross that threshold, full of ambition, impatient for opportunity.

The World Bank boss said the pace of population growth was most staggering in Africa, which will be home to one in four people by 2050.

“Between now and then, estimates suggest that Zambia will add 700,000 people every year. Mozambique’s population will double. While Nigeria will swell by about 130 million, firmly establishing itself as one of the most populous nations in the world.

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“These young people, with their energy and ideas, will define the next century. With the right investments, focused not on need but on opportunity, we can unlock a powerful engine of global growth.

“Without purposeful effort, their optimism risks turning into despair, fueling instability, unrest, and mass migration, with implications for every region and every economy,” he added.

According to the United Nations Population Fund, Nigeria’s current population stands at about 237.5 million, already making it the most populous nation in Africa and the sixth largest globally.

However, with the projected surge of 130 million new citizens in the next 25 years, Nigeria could climb even higher, outpacing many developed nations in size and youth population.

The World Bank President described Africa as the epicentre of this demographic transformation, where birth rates remain high and economic growth has struggled to keep pace.

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Banga echoed this concern, warning that failure to harness the demographic dividend could destabilise economies and fuel insecurity.

“Without deliberate action, optimism could give way to despair, driving instability, unrest, and mass migration with consequences for every region and economy,” he noted.

Banga emphasised that job creation must be at the core of all national and international development strategies.

“This is why jobs must be at the centre of development, economic, or national security strategy,” he stated.

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He disclosed that the World Bank Group has expanded its financial capacity by about $100bn through new instruments and partnerships.

The multilateral development bank co-financing platform, he added, now hosts a pipeline of 175 projects, with 22 already financed, worth about $23bn.

The Bank is also working on an IFC2030 strategy aimed at mobilising more private capital to complement public investment, particularly in developing economies like Nigeria.

Nigeria’s fast-growing population has long been a source of debate among economists and policymakers. While its youthful population, estimated at over 60 per cent under age 25, offers potential for innovation and productivity, the country faces severe infrastructure deficits, high unemployment, and limited social services.

Data from the National Bureau of Statistics shows that youth unemployment stood at over 33 per cent in 2024, while millions remain underemployed or outside the formal labour force.

China and the United States agreed on Saturday to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle.

Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation.

Trump had also threatened to cancel his expected meeting with Chinese counterpart Xi Jinping in South Korea later this month on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit.

In the latest indication of efforts to resolve their dispute, Chinese state media reported that Vice Premier He Lifeng and US Treasury Secretary Scott Bessent had “candid, in-depth and constructive exchanges” during a Saturday morning call, and that both sides agreed to hold a new round of trade talks “as soon as possible”.

On social media, Bessent described the call as “frank and detailed”, and said they would meet “in-person next week to continue our discussions”.

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Bessent had previously accused China of seeking to harm the rest of the world by tightening restrictions on rare earths, which are critical to everything from smartphones to guided missiles.

US Trade Representative Jamieson Greer also participated in the call, according to the report by Chinese state news agency Xinhua.

Hours before the call, Fox News released excerpts of an interview with Trump in which he said he would meet Xi at the APEC summit after all.

Trump told the outlet that the 100 percent tariff on goods from China was not sustainable.

“It’s not sustainable, but that’s what the number is… They forced me to do that,” he said.

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The high-level video call came as Washington worked to rally Group of Seven finance ministers in response to the latest Chinese export controls.

For now, the G7 ministers have agreed to coordinate a short-term response and diversify suppliers, the EU’s economy commissioner Valdis Dombrovskis told reporters in Washington.

Speaking after the grouping met this week, Dombrovskis noted the vast majority of rare earth supplies come from China, meaning that diversification could take years.

“We agreed, both bilaterally with the US and at the G7 level, to coordinate our approach,” he said on the sidelines of the International Monetary Fund and World Bank’s fall meetings.

Countries would also exchange information on their contacts with Chinese counterparts as they work out short-term solutions, he added.

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German Finance Minister Lars Klingbeil told journalists he hopes that Trump and Xi’s meeting can help to resolve much of the US-China trade conflict.

“We have made it clear within the G7 that we do not agree with China’s approach,” he added, referring to the group of Britain, Canada, France, Germany, Italy, Japan and the United States.

International Monetary Fund chief Kristalina Georgieva also expressed hope Friday for an agreement between the countries to cool tensions.

The US-China trade war reignited this year as Trump promised sweeping tariffs on imports soon after returning to office.

At one point, US-China tariffs escalated to triple-digit levels, effectively halting some trade as businesses waited for a resolution.

The two countries have since lowered their respective levies, but their truce has remained shaky.

AFP

A student arrested during Morocco’s youth-led protests has been sentenced to one year in prison, his lawyer told AFP on Friday.

The case marks the first publicly known prison sentence linked to the kingdom’s Gen Z demonstrations, which have been held near-daily between late September and last week to demand social and political reforms.

The student was charged with “participating in an unauthorised and unarmed gathering” and “insulting the judicial police by providing false information”, lawyer Mohamed Nouini said.

“The ruling is unfair, and we will appeal,” he added, arguing that sit-ins did not require authorisation as per a Supreme Court precedent.

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The lawyer said his client was arrested on September 30, three days after the protests erupted in the North African country.

According to a report by news website Hespress, citing another lawyer, the student’s arrest was “an unfortunate coincidence” as he was in Casablanca for a family visit.

The other lawyer, Mohamed Lakhdar, told the judge the student had “not insulted” police nor provided false information, telling them he “was just a student”, according to the report.

Hundreds were arrested during the early days of the largely peaceful demonstrations.

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Some cities had seen spates of violence and acts of vandalism, while authorities have said three people were killed by police acting in “self-defence” during clashes in a village near Agadir.

The Moroccan Association for Human Rights (AMDH) has said roughly 550 people are facing prosecution on suspicion of joining the protests, with some still in detention.

The organisers of the online-based movement behind the nationwide protests, the GenZ 212 youth collective, remain unknown.

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The collective has called for “peaceful sit-ins” on Saturday and demanded the release of those arrested during the demonstrations.

The protest came after the deaths of eight pregnant women during Caesarean sections at a hospital in Agadir.

But protesters have also demanded reforms to the education system and a change of government.
AFP